Blackstone Closes On $30B Real Estate Fund, Its Biggest Ever
Blackstone has closed on its latest real estate fund, raising $30.4B in capital commitments. The fund is 48% larger than the investment giant’s previous real estate fund, which closed in 2019. The new fund is called Blackstone Real Estate Partners X and had an original target of $25B. Major investors in the fund include the […]
Citadel Breaks Off Partnership With Sterling Bay For Planned Miami HQ
When hedge fund giant Citadel announced plans last summer to move its headquarters from Chicago to a new skyscraper in Miami, it tapped one of its longtime Chicago corporate neighbors to build it. But that partnership is now off. While Citadel and Citadel Securities are still planning to move into a $1B new development in […]
Nine of the 10 Fastest-Growing U.S. Counties Were in Texas and Florida
On a net basis, suburban and urban counties in Texas, Florida and Arizona added the most new residents among all counties across the nation last year. This, according to the recently released Vintage 2022 estimates from the U.S. Census Bureau, is a continuation of a long-standing trend of strong population growth across the Sun Belt. […]
Florida Ranks Best US State to Start a Business
Capital on Tap, a business credit card expert, has conducted a new research study to determine the best and worst US states for starting a small business. The study analyzed eight factors including new firm survival rates, corporate tax rates, and the number of entrepreneurs per state to determine the viability of starting a small […]
Saudi Arabia, Miami Offer Models for Economic, Social Progress
The FII Priority conference recently heard that economic and social reforms being carried out on a national level in Saudi Arabia and on a city level in Miami offer a model for progress and development that can be emulated worldwide. FII Chairman and Saudi Public Investment Fund Gov. Yasir Al-Rumayyan joined Miami Mayor Francis Suarez […]
Miami unemployment lowest in history
Employers struggling to find candidates to fill jobs now know why: Miami-Dade’s unemployment in February was the lowest on record at 1.7%. The previous record low was 1.8% unemployment in the condo boom – before the condo bust – in December 2005 and February 2006, according to US Bureau of Labor Statistics records that stretch […]
Push to train workers for jobs in Miami’s growing tech arena
Since he was 18, Christopher Matthews has worked at Pizza Hut and 7-11, done a stint in food delivery and taught carpentry. Now, the Miami native is trying to forge a vocational path that could lead to a promising career. Seated at a desk in front of his computer screen at a plush new $6.5 […]
Fed Indicates Possible End to ‘Ongoing Increases’ After 25bp Hike
The Federal Reserve implemented a quarter-point interest rate increase Wednesday while also indicating that its pattern of hikes could be ending soon. The largely expected decision was seen by analysts as a middle-ground move aimed at fighting inflation while also seeking to calm volatile market conditions erupting from the regional banking crisis that has engulfed […]
