Florida AG launches probe of China-linked yacht giant’s Fort Lauderdale property

Florida Attorney General James Uthmeier has launched an investigation into Italian luxury yacht builder Ferretti Group over its Fort Lauderdale property.  Ferretti, whose largest shareholder is China’s state-owned Shandong Heavy Industry Group – Weichai Group with a 39.5 percent stake, owns property at 1445 Southeast 16th Street, near Port Everglades, the Fort Lauderdale U.S. Coast Guard Station and Fort Lauderdale-Hollywood International Airport.  The ownership has raised concerns that the property violates state law restricting designated countries of concern from owning real estate in the state. The law, signed by Gov. Ron DeSantis in 2023, applies more harshly to China, preventing […]

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