Hedge fund executive Ken Griffin has secured the final parcel that allows him to proceed with the full-block site for his company’s future downtown Miami headquarters. The Miami Herald reports that city commissioners approved a no-bid sale of the historic 121-year-old...
The mystery behind the aggressive acquisition of all 138 units and the ground-floor retail space in Miami’s Solaris condominium project has been solved. Bloomberg reports that hedge fund billionaire Ken Griffin has spent the past three years and $125 million to buy...
The New York State legislature has approved Gov. Kathy Hochul’s proposal to enact a new tax on second homes in New York City valued at $5 million or more. The Wall Street Journal reports the so-called “pied-à-terre tax” is part of the state’s budget legislation and...
New listings on the rise, New York City’s mayor shoots his mouth off (twice), and the late Ted Turner’s property portfolio. From the wild and wooly world of real estate, here are our Hits and Misses for the week of May 4-8. Hit: A Wider Inventory. New listings totaled...
Hedge fund executive Ken Griffin is expanding the office space for the Miami headquarters of his Citadel LLC operations after New York City Mayor Zohran Mamdani shot an online video outside of Griffin’s Manhattan residence highlighting a proposed “tax the rich”...
Inflation Expectations Hit Three-Year High as Rent Outlook Climbs to 6.8%
