Miami’s Gold Rush: Financial Firms and Crypto Move In, Bringing Strain

-0 cStoSw">From its new office in Miami Beach, real estate investors barry starlight Only steps from the ocean. His coastal mansion is a short distance away. Cold winters and state income taxes are a thing of the past now that it’s moved here from Connecticut.

Mr. Sternlich, known for launching the trendsetting W Hotels brand, moved his Starwood Capital Group to the city in 2018. He is part of a rapidly growing migration of financial firms, technology companies and venture capitalists, which has gained momentum over the years since then, as more companies in the Northeast, Midwest, and the Middle East are vying for the daily pleasures of South Florida life and its friendly business environment. leaving the west coast.