From his new office in Miami Beach, real-estate investor Barry Sternlicht is only steps from the ocean. His waterfront mansion is just a short drive away. Cold winters and state income taxes are a thing of the past now that he has relocated here from Connecticut.
Mr. Sternlicht, known for launching the trendsetting W Hotel brand, moved his Starwood Capital Group to the city in 2018. He’s part of a booming migration of financial firms, technology companies and venture capitalists that has gained momentum in the years since then, as more firms abandon the Northeast, Midwest and West Coast for the daily pleasures of South Florida life and its friendlier business climate.
Once bear market hits the bottom, they all gone back to NY or whatever they from
let's not forget the hard working SOBE hookers
Forget Casino. Miami is all about praying at the alter of hedge funds and crypto now.
The primary reason for big businesses moving to Florida is that the state has low corporate income tax and no personal income tax. Also office space in Florida cities like Miami is cheaper per square foot than other major business hubs such as San Francisco.
At least it's a nice warm climate to become a beggar in.
Miami wants to be under water in more ways than one.
When the bottom falls out? They will for u the taxpayer to bail them out.,,,, Wait…..🙄