Business Central America

  • Tiger Woods and Ernie Els go toe-to-toe at this weekend's U.S. Open near Pittsburgh, but the golf greats are partners in a real estate development in the Bahamas, CNBC's Scott Wapner reports.The new community for the super-rich, backed by the private equity firm Tavistock Group, offers 350 homes and luxury apartments ranging in price from $4 million to $20 million.

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    A booming housing market, a surge in direct foreign investment and new investment laws are driving both the economy and the stock market.