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Fortune
Fortune
Mark Bisnow

What real estate investors can learn from the battle for bliss in two famous beach towns

Frank Gehry and Stephen Ross in Los Angeles. (Credit: Gary Leonard—Getty Images)

Santa Monica and Miami Beach are each cities of around 90,000 residents. The world thinks they’re paradise and flocks to their sun and sand. 

But behind their glamorous facades, the success of these cities has bred new urban woes and acrimonious debates among residents about the pace of “development." 

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