Archives: Investment

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P3s for Social Impact

Government agencies at all levels are increasingly turning to public-private partnerships (P3s) for the delivery of new public infrastructure.  However, the discussion often focuses exclusively on transportation infrastructure, including roads, bridges, and mass transit.  This focus is understandable: throughout the country, government transportation agencies, such as the Florida Department of Transportation, have been on the cutting … Continue Reading

Mexico’s Presence in Miami Is Here to Stay

The image of Mexicans in Florida is usually framed around the immigration debate raging in our country currently. But the Mexican influence and presence in Florida goes far beyond migrant workers picking crops in Homestead and elsewhere in the state. According to the Mexican Consulate in Miami, approximately 290,000 jobs in Florida are dependent on … Continue Reading

Best Practices for Hedge Fund Due Diligence

Join us Wednesday, June 7th, for an in-depth panel discussion for family offices and other investors about the process of conducting due diligence on potential hedge fund investments and the best practices by which to do so. Corporate Partner Josh Stone joins Glide Capital Managing Partner Mark Fitzpatrick and Kaufman Rossin Principal Robert A. Kaufman … Continue Reading

New Federal Infrastructure Plan Coming Soon

Transportation Secretary Elaine Chao recently informed the U.S. Senate that the President’s $1 trillion infrastructure plan will be announced by the end of the month. The new plan is anticipated to rely upon public-private partnerships (P3s) to bridge the gap between the cost of needed infrastructure and available government dollars. The American Society of Civil Engineers … Continue Reading

Frontier Markets – Smallest Markets Represent Promising but Overlooked Investment Opportunities

The general public may not be familiar with the term “frontier market,” but frontier markets represent the vast majority of the fastest-growing economies in the world.  The term “frontier market” generally refers to the smaller emerging markets, including those that have been excluded from the emerging markets indices, such as the MSCI Emerging Markets Index. … Continue Reading

What to Expect When Buying a Home in Miami

Guest blog post written by Erin Holdgate of Zillow. While sellers enjoyed favorable conditions for years, Miami buyers finally have a reason to celebrate. In fact, a recent report placed Miami as the second-best real estate market for buyers. If you’ve been waiting to buy property in Miami, 2017 might be your year. Market Conditions and … Continue Reading

Amaducci-Adams Talks About Miami Market, Gender Equality in Miami Herald’s ‘Business Monday’ Section

Suzanne Amaducci-Adams, leader of the Real Estate Practice Group at Bilzin Sumberg, frequently catches people by surprise when they hear that her group has closed on more than $2 billion in commercial real estate loans so far in 2016 despite what many describe as a Miami market that’s cooling down. “When are people going to … Continue Reading

Bilzin Sumberg Partner Calms Fears of Trump Hurting Miami Real Estate Market

Attorney James W. Shindell, Real Estate chair at Bilzin Sumberg, has a message for those who believe Donald Trump’s presidential election will hurt Miami’s real estate market: The sky is not falling. Shindell addressed concerns of a Trump presidency impacting the South Florida market in a recent Q&A interview published on GlobeSt.com. Shindell said he … Continue Reading

Middle East a Bigger Player in South Florida Real Estate

It’s no secret that Miami has become one of the world’s most attractive markets for international investors. Latin Americans in particular have had a heavy influence in local real estate as one of the main demographic groups purchasing properties throughout South Florida. However, recent data from CBRE indicates that one region of the world is … Continue Reading

What Cuba Wants From Investors

American investors have made their way into Cuba. Just this week, the U.S. Treasury Department has approved the first significant U.S. business investment in Cuba since 1959: the Oggun tractor factory. This plant represents a $5 million to $10 million investment by an American company in Cuba. Both countries seem serious about moving their recently-resurrected commercial … Continue Reading

Happy Holidays To Our Readers!

As we reflect on 2015, we are especially thankful for all of the connections that we have made this year. We are thankful for our clients, our colleagues, our friends, and all of our readers. Thus, for our holiday video we wanted to focus on the power of relationships because our relationships are the foundation … Continue Reading

After the Dust Settles: Implications of Continued Development in South Florida

To say South Florida’s real estate market is “booming” would be an understatement. The massive interest in development throughout Miami and its surrounding cities continues to increase. To quantify just how large this interest is, the Miami Herald has recently reported that, since 2011, developers have announced 400 new condo buildings with nearly 49,000 units … Continue Reading

The Termination of Condo Terminations?

A Florida 2015 Condominium Law Amendment Condominiums were established in Florida in 1963. The condominium form of ownership in Florida has, therefore, been in effect for more than 50 years. An aging condominium stock sitting on valuable land gave rise to a modification of termination provisions in 2007, the effects of which are still playing … Continue Reading

Art Basel: Tax Ramifications for American and International Art Collectors

Since its launch in 2002, Art Basel in Miami Beach has become what many consider the most prestigious and influential art fair in the Americas. The 2014 fair saw more than 70,000 international visitors descend on Miami for the four-day event, and the 2015 edition promises to surpass that figure, with 267 galleries from 31 … Continue Reading

China Business Series Breakfast Seminar

Bilzin Sumberg Tax Partner Jeffrey Rubinger will speak this week at an MBAF China Business Series Breakfast Seminar in Miami where attendees will learn about current trends and initiatives in the China and U.S. markets. Guests will also hear from Ralph Chow, Regional Director (Americas), Hong Kong Trade Development Council and Hernando Gomez, Business Valuation … Continue Reading

PortMiami Hoping to Continue P3 Success

A new public private partnership (“P3” or “PPP”) is coming to PortMiami. Royal Caribbean Cruises, LTD (“RCCL”) seeks to design, build, finance, operate, and maintain a new cruise terminal in the northeast section of the Port. RCCL’s plans have been preliminarily memorialized in a non-binding Memorandum of Understanding that was approved at this Wednesday’s Miami-Dade … Continue Reading

Reform on the horizon for the popular EB-5 Program

The 2016 political season has kicked into high gear, sparking lively discussions about major issues affecting the country. Two of the most significant issues being debated among the candidates are the economy and immigration. Typically, these topics are analyzed independently; however, the conversation has recently intersected at the sun-setting EB-5 Visa Program which expires on September 30, … Continue Reading

Why Miami’s global impact should grow — not wane — as foreign currencies decline

During the height of the Great Recession, naysayers predicted that it would take about 20 years to absorb the glut of new construction in South Florida. For at least that long, they predicted, South Florida would wallow in economic misery, its nascent popularity as a premier global destination fading into oblivion. But South Florida proved … Continue Reading

New Spanish Language Blog Captures Essence of “New Miami”

Bilzin Sumberg has launched Nuevo Miami, a Spanish language publication of the New Miami blog. Nuevo Miami focuses on sharing ground-level insights about the gateway city’s continually growing opportunities for foreign investors and expanding global significance as an international center of commerce. International Group Co-Chairs, José Ferrer and Javier Aviñó, serve as editors on the … Continue Reading

Amendments to Condominium Termination Law Impede Ability to Terminate

Responding to perceived abuses in condominium terminations, the 2015 Florida Legislature passed Chapter 2015-175, amending the termination provisions of the Condominium Act. This statute clears up certain problems experienced in prior terminations while imposing a number of impediments to future terminations. If a termination plan is rejected, the period in which it may be reconsidered … Continue Reading

Sunset of Distressed Condominium Relief Act Extended

The Distressed Condominium Relief Act enacted as Part VII of the Condominium Act in 2010 (“Act”) was a temporary measure to encourage absorption of unsold condominium units arising as a result of the Great Recession. This legislation attempted to allay the fears of potential investors about incurring developer liability in connection with the purchase of bulk … Continue Reading

Luxury & Culture Behind Miami’s Growth as a Destination for the Wealthy

The City of Miami continues to emerge as a top global destination for the über-wealthy. According to Knight Frank’s annual Wealth Report (2015), Miami is ranked 6th globally, 2nd in the U.S. and will remain among the world’s top 10 most important cities to Ultra High Net Worth Individuals for the next decade. The wealth report … Continue Reading

Is Urban Renewal Miami’s Next Economic Engine?

Miami may soon join the ranks of other major U.S. metropolises boasting innovative urban trail projects that have transformed neighborhoods and ignited a firestorm of private investment. The Underline, a proposed development catalyzed by the nonprofit group Friends of the Underline in partnership with Miami-Dade County, will convert the underutilized land below the County’s Metrorail … Continue Reading

Why Miami Offers Attractive Opportunities to Chinese Investors

More so than ever, wealthy Chinese investors are actively seeking returns abroad when it comes to real estate investments. China’s 2014 GDP growth of 7.4% was the slowest since 1990 and China’s growth outlook is gloomy due to its impending real estate bubble. Chinese developers have demonstrated in the past few years that they are not afraid … Continue Reading
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