Headlines with Arno De Vos — Aug. 14, 2022

Here are your Miami real estate headlines for the week of August 14, 2022. Brought to you by Arno De Vos with Cervera Real Estate.

A global financial powerhouse adds to its Miami property shopping spree. An entity linked to Citadel, one of the world’s largest hedge funds, paying a premium for two adjacent properties on Brickell Bay Drive in the city’s financial district. The seller of 12-50 Brickell Bay Drive – Ytech led by developer Yamal Yidios – nearly doubling its money invested, in just a few weeks of ownership. This latest purchase, one of several for citadel in recent months around Brickell Avenue – now fast approaching the 700-million-dollar mark --- all as the firm pushes forward on setting up its global headquarters in Miami.

And car-free luxury mass transit gets the green light to fund its Florida expansion. Bloomberg.com reporting that Brightline – the rail company backed by Fortress Investment Group is given the go-ahead to sell up to a billion dollars of tax-free debt – to fund its 170 mile expansion of service to Orlando. the luxury service currently connecting downtown Miami, Fort Lauderdale and West Palm Beach.

And it’s the height of summer – which means it’s time to treat yourself with some “Miami Spice” self-care. The yearly culinary adventure where hundreds of the city’s most popular restaurants lets you indulge and explore all things delectable – at a pretty deep discount. This means three-course dinner in a prime spot in Miami -- for under fifty dollars… is now a thing – even if just for a fleeting moment.

Host: Arno De Vos

Producers: Omar De Windt; Veronica Aizpurua

Art: Beto Arevalo

Intern: Emma Ballestas