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

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

Mr. Sternlicht, recognized for launching the trendsetting W Hotel 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 day by day pleasures of South Florida life and its friendlier enterprise local weather.