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floridatrend.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from floridatrend.com Daily Mail and Mail on Sunday newspapers.

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Mitch Kossoff and the Missing Escrow Millions

(Illustration by Paul Dilakian/Getty)
The spin class at the New York Sports Club near City Hall was a popular lunchtime workout for landlords and real estate attorneys.
They would go for the intense instructor, Mitch Kossoff, a spinning evangelist and one of New York City’s most prominent landlord lawyers.
Mitch Kossoff
In the studio, Kossoff cranked up a soundtrack of thumping club music, motivating his class to “dance on the bike” as they worked up a sweat. In his law practice, too, Kossoff made adversaries perspire with an encyclopedic knowledge of the state’s byzantine rent stabilization and loft laws. ....

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Virtu Financial Expanding to Palm Beach Gardens

Traders Magazine
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March 2, 2021 – PALM BEACH GARDENS, FLA –Virtu Financial, a leading provider of financial services and products that leverages cutting edge technology to deliver innovative, transparent trading solutions to its clients and liquidity to the global market, announced plans to expand to the DiVostaTowers located in Palm Beach Gardens, FL. The news comes after the company worked with CBRE, the Business Development Board of Palm Beach County (BDB), Gatsby Enterprises, and Tower CRE during the past year to facilitate the expansion.
The newly leased 10,019 square-foot office space will host executives, salespeople, traders and technology staff.
The DiVosta Towers in Palm Beach Gardens has lured financial service titans to its Class A office space in the state-of-the-art, 11-story luxury office towers, which have a combined 220,000 square feet of space. The Towers were purchased in 2020 by New York based Gatsby Enterpr ....

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Hedge funds eye Florida office space for moves south

Driven by lower taxes, the pandemic s remote work ease, or quality of life, tristate-area financial services firms are increasingly looking to Florida as a prime location for at least an outpost or, at most, a total relocation.
Top office brokers are seeing this migration firsthand. Stephen Rutchik, Colliers executive managing director of office services for the South Florida region, told Business Insider that interest from out of state firms is torrential.
We re touring hedge funds on our agency side one to three times a day, Rutchik said. They re not just from New York anymore, and they re not just the pre-pandemic 2,000 to 5,000-square-foot satellite offices, they re 5,000 to 100,000 square feet. ....

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Here are South Florida's Largest Office Sales of 2020

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Here are South Florida’s largest office sales of 2020
Top sale beat last year’s by total dollars
Miami /
Brickell City Centre and Bayview Corporate Tower (Google Maps)
Uncertainty over the future of workspaces may have taken a bite into the top deals in South Florida’s office market this year.
Landlords have pulled out the stops to keep rents up and avoid the pitfalls of cities that have enacted more aggressive stay-at-home orders during the pandemic. ....

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