South Florida Developers Donate To Trump, Other Candidates

From left: Jorge Pérez, Stuart Miller, Craig Robins, Louise Sunshine, and Russell Galbut,(Credit: Patrick McMullan via Getty Images)

From left: Jorge Pérez, Stuart Miller, Craig Robins, Louise Sunshine, and Russell Galbut,(Credit: Patrick McMullan via Getty Images)

As the presidential election nears, The Real Deal examined top South Florida real estate players’ political donations this year, and found they largely skewed in one direction.

A number of developers supported Republican candidates and causes, including Craig Robins, Stuart Miller and Russell Galbut.

Related Group developer Jorge Pérez and real estate adviser Louise Sunshine were among the few to donate to former Vice President Joe Biden’s campaign, according to TRD’s analysis of filings with the Federal Election Commission.

Here is a look at some of the political donations real estate developers and brokers made in 2020:

Craig Robins

The Miami Design District developer has written checks totaling $25,000 this year. Robins, president and CEO of Dacra, gave $12,500 to the Gimenez Victory Committee, $5,600 to Carlos Gimenez for Congress, $5,000

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Dubai Developers’ Slip From Stars to Duds Deepens in Homes Glut

(Bloomberg) — Dubai real estate stocks were once the stars for investors betting on the city’s booming economy. But their fall from grace has been spectacular and seems set to continue, given an abundance of unsold homes and scant prospects for a recovery in the oil-rich region.

Shares in Emaar Properties PJSC, an industry bellwether and the developer of Burj Khalifa, the world’s tallest tower, have dropped almost 80% from their 2014 peak, when average real estate prices in the emirate were about 30% higher. Competitor Damac Properties Dubai Co. has posted a similar slump since a 2017 high. Smaller player Union Properties PJSC, which is in talks to restructure debt, trades at a 90% discount from its 2005 levels.



graphical user interface, chart, histogram: Burj Khalifa developer Emaar Properties has declined for 15 years


© Bloomberg
Burj Khalifa developer Emaar Properties has declined for 15 years

Not even a majority of buy recommendations from analysts, thanks to cheap valuations and expectations of government support,

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