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 doesn’t expect any long-term significant impact on Miami real estate.
“The real estate market is more susceptible to economic matters rather than political ones,” Shindell said.
I believe Miami will remain a destination market for Latin America. Miami is a gateway market on a clear upward trajectory.”
Furthermore, Shindell added that Trump could have a positive effect on the Miami market depending on his tax policies.
“Real estate would benefit from the proposed lower capital gains rates,” Shindell told GlobeSt. “If funds actually are put to improving infrastructure, it could provide opportunities for public-private partnership development.”
Bilzin Sumberg’s public-private partnership team has been the key legal representation on various multibillion-dollar P3s throughout Florida. In addition to Real Estate, Bilzin Sumberg’s core practices include Business Finance & Restructuring, Corporate, Environmental, International, Land Development & Government Relations, Litigation, and Tax.
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