Wed, Nov 21, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Miami goes international: Miami Worldcenter with buyers from 50 countries

Tuesday, March 13, 2018

Komfie Manalo, Opalesque Asia:

Miami has come a long way to develop itself as a major financial hub and has attracted big names from the financial circles, said Nitin Motwani, who chairs the economic development for the Downtown Development Authority at the Miami Worldcenter.

He told participants at the latest Opalesque 2018 Miami Roundtable that the Miami Downtown Development Authority has launched an initiative that is directed at the broad sphere of investment and wealth management firms. So far, the initiative has attracted over 50 finance firms moving to Miami ranging from family offices to venture capitalists.

According to Motwani, he moved to Miami from New York in 2001 and since then the city has changed dramatically. When he cae to Miami, there was no art museum, Museum of Science, performing arts center, or New World Symphony.

He stated, "The sports teams, the restaurants, and the hotels have evolved. And as someone who's in private equity as well as the development space, we have certainly upped our game as far as buildings go. Every Pritzker Prize winning architect is in Miami. I think it speaks volumes to what's happening here and that also goes for all the major brands from Four Seasons, Faena, Edition, et cetera."

However, while Motwani noted that while Miami has matured over the past years, it still has a long way to go.

A $3bn dollar train system where ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. PG&E: Are these hedge funds still holding PG&E stock?, PG&E rout may be hitting hedge funds after raised bets before fire[more]

    Are these hedge funds still holding PG&E stock? Frm Barrons: Hedge funds that bet big on PG&E (PCG) might have bitten off more than they can chew. Regulatory filings show that a number of hedge funds including Baupost Group, Viking Global Investors, and BlueMountain Capital were PG&E stoc

  2. GE: Several high-profile funds raised stakes in GE before selloff, GE credit crunch ripples across Wall Street, GE's tumbling bonds are highlighting a bigger problem at the fallen giant, After GE, investors are watching these debt-laden companies[more]

    Several high-profile funds raised stakes in GE before selloff From Reuters: Several prominent investors raised their stakes in General Electric Co (GE.N) in the third quarter, before its shares sank in recent weeks, filings with the U.S. Securities and Exchange Commission showed on Wedne

  3. Tax: Offshore hedge funds to be targeted by new IRS rules coming soon, Technology investors fear regulators' net, Rich investors eye tax-favored development funds[more]

    Offshore hedge funds to be targeted by new IRS rules coming soon From Bloomberg: The Internal Revenue Service is close to releasing a proposal that would narrow the U.S. tax benefits for offshore hedge funds, an agency official said. The proposed regulations will address a change in

  4. U.S.: Hedge funds' historic bond bet swing suggests Fed close to cycle end, Goldman Sachs believes the US economy will slow to a crawl next year[more]

    Hedge funds' historic bond bet swing suggests Fed close to cycle end From Reuters: A potentially huge shift is underway in the U.S. bond market, underscored by a historic swing in hedge fund positions: investors are beginning to think the U.S. economy is close to peaking and the Fed is ne

  5. New Launches: Hedge fund Solus looks to raise $750 mln fund, Jupiter launches absolute return fund of funds for German clients, RED Capital Partners launches $57.13m fund to invest in European tech companies founded by women, GLP unveils new continental European fund, Portfolio Advisors closes ninth FoF on $1.2bn, NN IP launches European Sustainable Infrastructure Debt fund[more]

    Hedge fund Solus looks to raise $750 mln fund From Reuters: Solus Alternative Asset Management LP is launching a $750 million fund focused on distressed and stressed investment opportunities, according to a person familiar with the matter and a letter to investors Reuters reviewed. Th