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December 16, 2020

With JP Morgan And Goldman Sachs, Miami Could Become 'Wall Street South'

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Elon Musk just moved to Texas, but guess who's (reportedly) moving to South Florida? Jared Kushner, Ivanka Trump, Tom Brady, Gisele Bundchen and the asset management division of Goldman Sachs. Those are the boldface names announced in news reports last week alone. 

Today, the New York Post reported that JP Morgan CEO Jamie Dimon is open to moving his bank to Florida, too, a move he formerly resisted because he said the schools weren't good enough. 

With JP Morgan and Goldman Sachs, Miami Could Become 'Wall Street South'

Miami has been dubbed "Wall Street South" since at least 1990.In the past year or three, the migration of high-profile business to Miami, and to Florida more broadly, has gained steam. There's no income tax and the politics are perceived as business-friendly. But the state struggles to fund education, environmental protections and mass…

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'It's Not The Year To Cancel Christmas' — Pandemic Pain Isn't Stopping Property Managers From Decking The Halls

This may have been the year of widespread illness, social isolation, economic hardship and overall uncertainty, but property managers have made one thing clear: Christmas is not canceled.

Whether it is elaborate outdoor lighting, lobby decorations or interactive displays, property managers across all asset classes nationwide have still worked to deliver some holiday cheer even as they struggle with balance sheets and occupancy.

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A-Rod Leads $650M Fund Investing In Hotels

Baseball player-turned-businessman Alex Rodriguez will be a lead investor in a $650M real estate fund that seeks primarily to pick up hotel assets. 

Rodriguez and his partner, Adi Chugh, founder of New York-based private equity advisory firm Maverick Commercial Properties, have completed a platform investment within the Hospitality Opportunity Fund run by CGI Merchant Group, a Miami-based investment management firm.

A-Rod Leads $650M Fund Investing In Hotels

An announcement said the fund would focus on opportunistic hospitality acquisitions, plus select ground-up developments, in high-growth markets throughout North America and the Caribbean. The fund hopes to create a "first-of-its-kind hospitality portfolio dedicated to providing authentic, socially, and environmentally conscious experiences to conscious travelers."“We believe we can acquire assets…

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