Citadel’s Miami Move Causes Luxury Housing Shortage

Citadel, a $59B hedge fund, moved its headquarters from Chicago to Miami in June 2022. Many Citadel employees are purchasing luxury homes in Miami suburbs. The influx of buyers has created a shortage of high-end homes in areas like Coral Gables and Coconut Grove.

Opportunity Knocks Twice For Developers Under New Florida Law

Florida's Live Local Act, which allocates over $700 million for incentives to develop affordable housing, took effect July 1. It mandates local governments to authorize the development of multifamily rentals on sites that are zoned as mixed-use residential, commercial or industrial if at least 40% of the residential units will be affordable to people making…

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