Miami’s Gold Rush: Finance Firms and Crypto Move In, Bringing Strains

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From his new workplace in Miami Seashore, real-estate investor Barry Sternlicht is simply steps from the ocean. His waterfront mansion is only a brief drive away. Chilly winters and state earnings taxes are a factor of the previous now that he has relocated right here from Connecticut.

Mr. Sternlicht, identified for launching the trendsetting W Lodge model, moved his Starwood Capital Group to town in 2018. He’s a part of a booming migration of economic companies, know-how firms and enterprise capitalists that has gained momentum within the years since then, as extra companies abandon the Northeast, Midwest and West Coast for the each day pleasures of South Florida life and its friendlier enterprise local weather.

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