Wed, Jan 23, 2019
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. News Briefs: The Jeff Bezos divorce: $136bn and Amazon in the middle, Bridgewater Associates partners with consulting firm, Cyprus no longer Mediterranean haven for Russian businesses, Goldman Sachs on course to launch cash management in mid-2020[more]

    The Jeff Bezos divorce: $136bn and Amazon in the middle From Mint: The announcement by Amazon founder Jeff Bezos, the world's wealthiest man, and his wife that they will divorce has captivated the imagination -- how will they split his giant fortune, estimated at $136 billion? And what wi

  2. Institutional Investors: Institutional investors plot large property allocations, Qatar Investment Authority aims to reach $45bn in U.S. investments, Louisiana Teachers assigns $200m, SoftBank move to slash WeWork investment sends shockwaves[more]

    Institutional investors plot large property allocations From FT: Institutional investors plan to make large allocations to property in 2019, taking them closer to their desired targets. At least €72.4bn of new capital is expected to flow into real estate this year, according to a

  3. Legal: Attorney sues after Tampa hedge fund goes under, Hedge funds showing increased interest in litigation claims, Argentina sued again by hedge fund on bonds tied to GDP growth[more]

    Attorney sues after Tampa hedge fund goes under A Tampa hedge fund company may be in legal trouble after the firm that was holding its money was sued by a lawyer who claimed "gross negligence" caused the fund to lose tens of millions of dollars. James Cordier, the head of optionseller

  4. Activists: MGM hands board seat to activist hedge fund Corvex's Meister, PG&E shareholder BlueMountain challenges bankruptcy plans, Gulfport pledges share buybacks after hedge fund demand, PPG Paints itself into a corner[more]

    MGM hands board seat to activist hedge fund Corvex's Meister From Reuters: MGM Resorts International has struck a deal with hedge fund Corvex Management's founder, Keith Meister, to give him a board seat, one week after a rival activist investor was seen building a position in the casino

  5. Opinion: Can you beat Warren Buffett's investment returns using data?[more]

    From Seeking Aplha: The ideal hedge fund portfolio would use leverage to take a variety of uncorrelated risks that all cancel each other out, leaving the fund with little to no net exposure. For example, if you could invest in enough items with no correlation to the business cycle, like earthqua