In The News

For the first time in more than 50 years, executives are considering real estate investment opportunities in Cuba, as detailed in a Miami Herald report about the Akerman U.S. Real Estate Industry Outlook Survey. Data shows industry leaders are slightly more optimistic about Cuba (8 percent) this year than traditional standouts, Venezuela (5 percent) and Argentina (5 percent). Neisen Kasdin, a land use partner and Akerman's Office Managing Partner in Miami, and Augusto Maxwell, chair of the firm's Cuba Practice, discussed with the publication the current investment environment for U.S. businesses in the island nation. While they noted U.S.-Cuba policy is still subject to the restrictions under the U.S. embargo, the lawyers noted those businesses looking to enter this market may able to leverage their first-mover advantage with the appropriate legal and strategic counsel.

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