Izzy Englander's Millennium Takes 40.000 Square Feet In West Palm Beach!

The major firms just keep coming to Florida!

Financial behemoth Millennium Management inked a 40,000-square-foot lease at the Related Companies’ CityPlace Tower in West Palm Beach, Fla., the developer announced.

The office will house 150 employees, who work either for the hedge fund or its subsidiary, quantitative investment firm WorldQuant. It’s projected to open mid- 2022. .....

Read the rest in Commercial Observer

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West Palm Office Project Signs Siris Capital, Milos Restaurant

From Bloomberg

(Bloomberg) -- West Palm Office Project Signs Siris Capital, Milos Restaurant
First Republic also commits to space at Related’s One Flagler
New York financial firms setting up in tax-friendly FloridaBy Natalie Wong
(Bloomberg) -- 

Related Cos. said its newest South Florida office project has landed New York private equity firm Siris Capital Group, First Republic Bank and seafood mecca Estiatorio Milos as its first tenants.

The developer will break ground Friday on One Flagler in West Palm Beach, set to be one of the biggest office buildings in the area at 275,000 square feet (25,500 square meters). Milos will open a restaurant at the base of the 25-story property, and seafood will be flown fresh from the Greek islands each day, according to Related.

A rendering of Related’s One Flagler project in West Palm Beach, Florida.
New York finance companies and millionaires have flocked to South Florida during the pandemic in search of lower taxes, a year-round warm climate and bigger and cheaper homes. Related’s office properties in West Palm have drawn tenants including Goldman Sachs Group Inc. and Steve Cohen’s Point72 Asset Management. Manhattan staples including Harry’s, a Financial District steakhouse, are also locating there.  

Read more: Private Equity Firm Siris Capital Is Latest to Open Florida Hub
Related, the developer behind Manhattan’s Hudson Yards mega-project, had committed to West Palm even before the pandemic, spending more than $600 million to build a mixed-use neighborhood dubbed Rosemary Square. 
One Flagler, less than a mile away, is scheduled to be completed in 2023 and will have more than an acre of green space by the waterfront, Related said. 

FRC US Equity
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Related tickers:
20378Z US (Related Cos LP/The)
8210273Z US (Siris Capital Group LLC)
FRC US (First Republic Bank/CA)
To contact the reporter on this story:
Natalie Wong in New York at nwong133@bloomberg.net
To contact the editors responsible for this story:
Craig Giammona at cgiammona@bloomberg.net
A Night To Remember At Our Deal Making Social Aboard MOCA

What an amazing evening onboard the incredible superyacht MOCA !   We wined and dined on fantastic bites from Keith Willard Events, learned about Digital Twins & spatial data from our sponsor Matterport with a special guest host from Credit Suisse. Overall, an incredible time was had by our members and invited VIPs! 

Check out the rest of the photos here!  

Join Goldman Sachs, Lighthouse & McLaren At The Charity Event Of The Year!!

We are thrilled to cordially invite you to the first annual Palm Beach Hedge Fund Association and Boys & Girls Clubs of the Palm Beaches Charity Social!

Chaired by Sean McGould of Lighthouse Partners and generously underwritten by Goldman SachsLighthouse Partners, & McLaren this deal-making, luxury charity social promises to be the highlight of the incredible 2021 season.

Held at the iconic Palm Beach International Raceway, guests can expect a luxurious evening of fast cars, track racing ( if qualified), an interactive Security Robot Road Show presented by KnightScope, fine food & a premium open bar as we rally together for The Boys & Girls Club!

Looking forward to seeing you at this amazing event!!

Members, Your personal invites are arriving soon!!

Anthon Family Office Deal Making Social Yields $100 Million In Commitments

We are thrilled to announce that over $100 million in deal commitments arose from our social!

Chad Cormier, Managing Director & General Counsel of Athlon stated, "The PBHFA event & the associated promotion has resulted in over $100 million in commitments from the investor community".

We love to hear this--- Congratulations Chad & DeAnna!!

The Ultra Wealthy In Dynamic Form. This Is Really Cool!

Watch the ebb & flow of capital into and out of the coffers of the world's richest people on this amazing, dynamic video. Check it out here!

Palm Beach's Royal Poinciana Plaza Is A Cross Between Ceccone's & Duryea!

Palm Beach Gears Up for New Yorkers Planning to Stay Longer

Jet service from Westchester allowing pets starts this month

Yachts are back, SoulCycle is restarting at Royal PoincianaBy Amanda Gordon

(Bloomberg) -- Blade CEO Rob Wiesenthal has a pretty good idea who’ll be on his firm’s first flights to Palm Beach this month: some well-groomed pomeranians and a poodle or two.

While commercial airlines are restricting in-cabin dog travel, Blade will welcome as many as three dogs a trip flying from Westchester. Of course, the other perk of a ticket that can cost more than $2,000 is mandatory Covid vaccinations and ample spacing for passengers.

Blade’s arrival is a sign of confidence in the Palm Beach boom continuing, past the height of the pandemic and into a closer-to-normal high season. 
There are plenty of other signs.

Home builders are rushing to finish renovations and new builds. Shopkeepers are moving into the Royal Poinciana Plaza and on Worth Avenue. And the yachts are back, at Rybovich and a new location: The Town of Palm Beach Marinaopened Nov. 1 with seasonal slips running from $32,580 to $279,373.50. 
“It’s nice to be in a place that’s in a huge upswing,” jewelry designer Mish Tworkowski said. “Seeing warehouses converted in West Palm Beach or storefronts that might have been vacant turned into something beautiful. It’s a little extra rocket fuel.”

Tworkowski has closed his New York studio on Bond Street and is putting the finishing touches on his new atelier Mish. It’s near Royal Palm Way and across the street from a new private club, the Carriage House -- perhaps the place that New York Mayor Eric Adams will find his way to, on his promised visits to Florida, to lure back Manhattanites.

A rendering of the Carriage House, a private members’ club.

At the Royal Poinciana, SoulCycle is returning next week, along with a whimsical holiday tree. New York-founded fashion brands Veronica Beard and La Ligne are among the new tenants. There’s some extra fun in “Apres Beach,” an event series filling the courtyard with cabanas, pop-up stores and live music. 

“It’s Cecconi’s in South Beach meets Duryea’s in Montauk,” said Lori Berg, general manager of the Royal. 

Meanwhile, the Esplanade is introducing Unsubscribed, a slow-fashion brand from American Eagle Outfitters, and the Hemingway-inspired restaurant Cojimar. 
Alongside the infusion of commerce, it’s full-steam-ahead for the charity circuit. 
The Palm Beach Symphony’s recent revenue boosts are making possible new music scholarships, and the Dec. 7 Holly Jolly luncheon sold out in August, said CEO David McClymont. 

Helene Grimaud performs with the Palm Beach Symphony on Nov. 7.
Parents at Palm Beach Day Academy are working on a Centennial Gala for January. 

The next month, Paul Tudor Jones will fill his table for the Everglades Foundation benefit, and the Society of the Four Arts will hold its Contemporaries gala. The Preservation Foundation of Palm Beach dinner dance is in early March. 
With the season almost upon us, it’s creating tough deadlines. 

George Ford, co-founder of Seabreeze Building, is scrambling to get a home ready for a wedding; a pregnant woman wants to be in without paint fumes. But he has to tell some clients to make do because of supply-chain issues: One is moving into a home without a refrigerator; another is going to have to use the old appliances. 
Of course, some are still planning just to visit. Room rates are going up, said Bobby Schlesinger, owner of the Brazilian Court, one of the few hotels in town to accommodate pets. 

At the Breakers, a room at the Flagler Club, on floors with restricted access, comes with perks including Tesla car service. It will cost more than $2,000 a night.To contact the reporter on this story:
Amanda Gordon in New York at agordon01@bloomberg.net
To contact the editors responsible for this story:
Pierre Paulden at ppaulden@bloomberg.net
Steve Dickson

Crypto comes to NYC real estate: $29M property offered exclusively in Bitcoin

Explore the topics mentioned in this article

Slowly but surely, Bitcoin (BTC-USD) is being used to purchase everyday items like coffee and cars — and now, real estate is also joining the party.
The first commercial property in New York is being put on the market for digital coin. Magnum Real Estate Group is selling three retail condos complete with a fully rented-out retail bottom floor in Manhattan’s upper East side for $29 million — but will only accept Bitcoin.
Located at 385 First Avenue in a new construction luxury residential building in Gramercy Park, the condos cover 9,000 square feet, and the bottom floor is fully leased by ProHealth, Mighty Pita and M&T Bank.

Furthermore, all delivery fees and pricing will be managed on a fixed-fee structure based on distance and not basket size, enabling GetSwift clients of all sizes and industries to scalably expand and grow in highly competitive verticals. Alongside GetSwift’s fleet management, batching, and product suite, the company believes the overall pricing per delivery will be highly competitive and disruptive. The company further believes that by combining the unique capabilities and key offerings of both organizations, that this combination is the start of something truly unique.

Read the rest on Yahoo Finance here


Do Good With PBHFA's Gear For Good!

After receiving multiple requests for PBHFA.org gear, we decided to offer a selection of merchandise.

PBHFA’s Gear For Good includes a limited selection of hats, sweatshirts, polos, & t-shirts as the initial offerings for our members and supporters. The selection will be updated and changed every few months to keep things fresh.

We are open to your suggestions as to the style of gear you want us to carry!

We decided to make this a worthwhile endeavor by donating 100% of the profits to a carefully curated selection of Palm Beach & South Florida charities. 

Check Out Our Webinar Series Below!