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Witkoff, Monroe Pay $94M for Canceled Marriott Miami Site

Witkoff, Monroe Pay $94M for Canceled Marriott Miami Site
therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.

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Merrimac Ventures obtains loan to break ground on apartments in Plantation - South Florida Business Journal

Merrimac Ventures obtains loan to break ground on apartments in Plantation - South Florida Business Journal
bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.

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COVID speeds up financial and tech company relocations to Florida

COVID speeds up financial and tech company relocations to Florida
Last spring, Ian Campbell, CEO of technology consulting firm Nucleus Research, called a staff Zoom meeting to announce that he would be leaving Boston and moving to Miami. Campbell, who founded the firm in Boston in 2000, felt it made sense to open an office in Miami.
Boston’s high cost of living and traffic were making it increasingly difficult to attract and retain young, talented workers, he says. Meanwhile, he and his staff had proven during the coronavirus shutdown that they could make telecommuting work. He gave his 15 employees the choice of staying in Boston or moving to Miami. All but two chose the latter. ....

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Wall Street South? Downtown Miami finance firms now manage more than $150 billion

Wall Street South? Downtown Miami finance firms now manage more than $150 billion
Rob Wile, Miami Herald
© Miami Herald/Miami/TNS
Rendering of 830 Brickell, a 57- story office tower by renowned architects Adrian Smith+ Gordon Gill, is set to open in downtown Miami, in 2022..
It’s a claim Miami has long made but now there’s proof. New data show the city is cementing its status as the country’s next major finance capital.
According to a study by analytics firm Convergence and commissioned by the Miami Downtown Development Authority (DDA), the number of registered investment advisers located in the city’s urban core climbed from 82 to 111 between 2018 and 2020, bringing total assets under management in the district from $75 billion to $152.4 billion. ....

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Exciting Developments in Uncertain Times: What's in Store for Real Estate in South Florida | Bilzin Sumberg

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Observers of the South Florida real estate industry don’t go very long without seeing headlines about Miami’s hot commercial real estate market. COVID-19 perhaps has only added to the growth of the market. But even in South Florida where the pandemic hasn’t blunted the market, it has indeed shifted trends and dynamics. On February 2nd, Nitin Motwani, Managing Principal of Miami Worldcenter, and Anthony De Yurre, Partner in Bilzin Sumberg’s Land Development and Government Relations Group, discussed the movement of money and migration as it relates to real estate investment and development in the region during a virtual talk hosted by Bilzin Sumberg. ....

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