Billionaire Stephen Ross Believes in South Florida—and Is Spending Big to Transform It
The Related Cos. founder is following the money flowing south by bringing his influence to everything from real estate to schools and health care.
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The Related Cos. founder is following the money flowing south by bringing his influence to everything from real estate to schools and health care.
Initial data on US gross domestic product for the first quarter of 2024 is set to confirm an ongoing economic boom amid a tailwind from surging immigration.
A South Florida office skyscraper from Related Cos. landed new finance tenants, including a John Paulson business and a private equity firm that counts Mark Bezos as a founding partner.
Oracle Corp. is moving its headquarters out of the city. Tesla Inc. is pulling back after a rapid expansion. Almost a quarter of commercial office space is vacant, and nowhere in the country have residential real estate prices fallen further from their pandemic peak.
Mortgage rates in the US increased for a fourth straight week.
Jan 20, 2022
Bloomberg News
,(Bloomberg) --
Citigroup Inc. has asked its London staff to come into the office at least three days a week, an early indication of the determination of finance firms to return to offices after the U.K. government said people no longer needed to work from home.
“We are now free to gather in our offices, without restriction, where we are better able to generate the energy and collaborative spirit on which Citi thrives,” EMEA Chief Executive Officer David Livingstone and U.K. head James Bardrick said in an email to staff seen by Bloomberg. “Everyone is expected to be in the office at least three days per week.”
The email said the U.S. lender will continue to offer flexible working, adding that its protective measures remain in place, including its lateral flow Covid testing program and staff should continue to test each Monday, Wednesday and Friday. Rules regarding face coverings also remain in place and staff must continue wearing one when using the lifts.
The move comes after the U.K. government announced on Wednesday that most Covid-19 restrictions are being lifted in England over the coming days, which included asking people to work from home.
Financial News reported the memo earlier.
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