Known for offbeat felonies, media headline star “Florida man,” swampy weather, Disney adults, and Trump’s recently raided home, Mar-a-Lago, Florida doesn’t always get the best rep. But the Sunshine State is beloved for its warm weather and lack of state income tax, making it a haven for the wealthy. That’s largely why it’s welcomed more high-earners than any other [...]
PMG, E11even Partners plan 65-story condo-hotel tower in downtown Miami E11even Miami, the night club, is building a 65-story branded condo and hotel tower in Downtown Miami. Michael Simkins and Ryan Shear of Property Markets Group (PMG) and E11even Partners will partner on the plan and handle sales in-house. Firstly, the development includes 400 [...]
1. Florida has no state income tax Florida is one of only seven states that impose no income tax and is the only “no tax” state (two of the others are Alaska and South Dakota). Since Florida’s prohibition against state income tax is enshrined in the State Constitution. Florida’s Constitution also prohibits municipalities and [...]
Multiple tech investors have announced in recent days they will move from the Bay Area to Miami. David Blumberg a venture capitalist who founded and manages Blumberg Capital, has announced his move from the San Francisco area to Miami, according to the San Francisco Business Times. Blumberg said the move was driven by poor governance in [...]
Hedge funds are planning to expand their presence in Florida, adding to a migratory trend as wealthy residents of northern states face the threat of higher taxes.Chicago-based Balyasny Asset Management, with about $8 billion of assets, intends to open an outpost in Miami, according to people familiar with the matter, and Bluecrest Capital Management, which [...]
Palm Island is a neighborhood in the city of Miami Beach on a man-made island in Biscayne Bay, Florida, United States; just south of Hibiscus Island. It is a residential neighborhood with high property values, solely accessible by land via the MacArthur Causeway. The entire island has an area of 82 acres. Palm Island [...]
MIAMI BEACH, Fla., October 3, 2019 (Newswire.com) - The USA's real estate market has been witnessing a downward trend in the last few years. Nevertheless, Miami's luxury market has seen an increased demand, broker for Miami Luxury Real Estate LLC states. Miami Luxury Real Estate LLC is a boutique real estate brokerage in Miami Beach [...]
Worldwide, price growth is slowing for the prime property market Ultra luxury real estate prices could rise by 5 percent this year in metropolitan Miami, the second-fastest growth rate among 20 global cities, according to Knight Frank and Douglas Elliman. Knight Frank, a global real estate consultant, and brokerage firm Douglas Elliman forecast that prime property [...]
Residents of high-tax cities are increasingly drawn to South Florida after last year’s tax law capped deductions A growing list of public officials in high-tax states are expressing alarm that big earners are bolting to low-tax states as new data suggests some home buyers are moving in response to the year-old change in the [...]
Kim Kardashian and Kanye West are under contract to buy Alex Blavatnik’s unit at Faena House in Miami Beach. The couple is buying unit 5A at the Norman Foster-designed luxury beachfront tower at 3315 Collins Avenue, according to Page Six. Blavatnik, the brother of energy billionaire and Faena District investor Len Blavatnik, is selling [...]
