Farther Launches Multi-Family Office, Setting a New Standard for Generational Wealth Management

Farther – Intelligent Wealth Management, natively built to unlock greater wealth for clients throughout their financial lives – has launched Farther Family Office (FFO), a bespoke offering for ultra-high-net-worth (UHNW) families. Built ground up for ultra-high-net-worth families, Farther Family Office powers elite advisory services with intelligent solutions to remove the pain points of generational wealth management.

Farther – Intelligent Wealth Management, natively built to unlock greater wealth for clients throughout their financial lives – has launched Farther Family Office (FFO), a bespoke offering for ultra-high-net-worth (UHNW) families. Built ground up for ultra-high-net-worth families, Farther Family Office powers elite advisory services with intelligent solutions to remove the pain points of generational wealth management.

FFO is architected from the ground up to serve the increasingly complex needs of clients with generational wealth. Informed by centimillionaire and billionaire clients, FFO is empowered to act purely in its clients’ best interests – supported by native AI infrastructure to serve clients without the friction associated with traditional institutions’ “bolt-on” technology.

Benjamin Seidenstein, CFA, will lead as Global Head of FFO. A longtime Goldman Sachs private wealth advisor, Seidenstein oversaw over $1.5 billion in client assets and established one of the firm's fastest-growing private wealth practices, advising UHNW entrepreneurs, executives, and private investors.

“Private banking is overdue for a new model – one centered around the clients’ needs, not the institution’s,” said Benjamin Seidenstein, Global Head of FFO. “Farther Family Office meets that need by combining a technology-first foundation with a bespoke advisory model to deliver truly customized solutions and elite service for generational wealth management.”

Farther’s multi-family office gives UHNW families the full experience of a dedicated family office, without the operational complexity. FFO’s flexibility also extends to whom it serves. Unlike traditional multi-family offices, Farther does not impose arbitrary minimums, recognizing that some of the most sophisticated wealth management needs belong to entrepreneurs, creators, and builders whose wealth is still taking shape ahead of major liquidity events.

FFO is built to satisfy the critical demands of growing and stewarding generational wealth:

  • Uncompromised Client Service: As a fee-only fiduciary, absent product allegiances and institutional bureaucracy, FFO is free to focus entirely on what matters – delivering the right solution that best serves each client’s needs, not simply what’s best for the institution.

  • Whole-Life Wealth Coordination: FFO serves as the single, trusted point of contact for a family's entire financial life – coordinating across investments, tax, estate, lending, and beyond. FFO anticipates and acts on clients’ needs before they have to ask.

  • Open Architecture Investment Access: FFO provides access to an expansive investment universe – including niche strategies, targeted alternatives and highly customized opportunities, tailored to each family's goals and values. While traditional firms are incentivized to offer only what can scale across their entire client base, FFO sources bespoke opportunities for each client’s unique financial situation.

  • Multi-Generational Continuity: Supported by Farther's Intelligent Wealth Platform, FFO gives families a single, unified view of their entire financial picture, across generations. This equips the next generation not just with wealth, but with the tools, visibility and systems required to learn about, preserve and steward it.

South Florida, and Miami in particular, has rapidly emerged as one of the most important hubs for ultra-high-net-worth individuals and families globally, driven by significant wealth migration from markets such as New York, California and international financial centers. As capital, entrepreneurs, and family offices continue to relocate and establish a presence in the region, the demand for more sophisticated, flexible, and technology-driven wealth management solutions has accelerated. Though Farther Family Office works with clients nationally, with Benjamin Seidenstein based in Miami, Farther Family Office is strategically positioned at the center of this shift—serving a growing base of UHNW clients who increasingly view South Florida not just as a lifestyle destination, but as a long-term financial and generational wealth hub.

“The most successful families in the world deserve a wealth management experience as sophisticated as their financial lives,” said Taylor Matthews, CEO and Co-Founder of Farther. “Ben is one of the most respected advisors in the industry, and together we’re building something that’s never existed before: a true family office experience, powered by Farther’s Intelligent Wealth Platform.”

Founded in 2019, Farther manages over $15 billion in assets and supports advisors nationwide. The firm ranks among the top 10 recruiters of financial advisors nationally, according to AdvisorHub, and delivers category-leading advisor satisfaction.

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ONE Sotheby's International Realty Appoints Longtime Executive Daniel de la Vega as CEO

ONE Sotheby’s International Realty, one of the preeminent luxury real estate brokerages along Florida’s East Coast, has appointed Daniel de la Vega as Chief Executive Officer. Over the last 17 years, Daniel has risen through the organization since its inception in 2008, and has played an integral role in the firm’s growth.

ONE Sotheby’s International Realty, one of the preeminent luxury real estate brokerages along Florida’s East Coast, has appointed Daniel de la Vega as Chief Executive Officer. Over the last 17 years, Daniel has risen through the organization since its inception in 2008, and has played an integral role in the firm’s growth into a brokerage that generates annual sales of nearly $10 billion and manages a multi-billion dollar portfolio of the region's most prestigious new development projects.

Founder Mayi de la Vega will serve as Executive Chair and maintain an active presence within the company. She will remain involved in shaping the firm’s strategic initiatives, culture, and global positioning, while continuing to have a hands-on role in marquee new development projects. Mayi will work closely with the company’s agents to help strengthen their businesses and access new avenues for growth.

“My vision for ONE Sotheby’s International Realty has always been to create a company defined by integrity, excellence, and a culture where our agents can truly thrive,” said Mayi de la Vega, Founder and Executive Chair. “Daniel has been integral to that foundation from day one. His leadership, discipline, and deep understanding of our business have shaped our growth and strengthened our culture, and there is truly no one better equipped to guide us into our next era. We remain committed to ensuring our firm continues to lead with purpose, innovation, and an unwavering dedication to our clients and our leading luxury agents whose professionalism and passion have defined this company's success.”

In addition to his new role as CEO, Daniel will continue serving as company President. He will oversee strategy across all brokerage, new development, and commercial divisions, while executing targeted expansion regionally and into markets outside of Florida. Daniel’s priorities include a focus on talent development, continued service excellence and driving economies of scale through technology integration, and expansion of the client service portfolio with insurance, title, mortgage, and property management offerings that deliver enhanced value to agents and clients at every touchpoint. He will also expand the synergy between new development projects and the brokerage business to create a more powerful, interconnected platform that elevates results.

“It’s an honor to continue working with Mayi and the strongest executive leadership team in our industry to build upon the vision and legacy she has created,” said Daniel de la Vega, President and CEO. “Our focus remains absolute: to define the highest standard of luxury real estate service, to provide seamless experiences for our clients, and to empower our agents with the best tools and resources in the industry. We look forward to further investing in our team, expanding our global reach, and capturing the tremendous growth opportunities that lie ahead for Florida’s East Coast and beyond.”

Under the leadership of Mayi and Daniel, ONE Sotheby’s International Realty has become a dominant force in Florida’s luxury real estate market. They have established the company as one of the nation’s highest-producing Sotheby’s International Realty affiliates with #1 market share in Florida, positioning it among the fastest-growing brokerages in the country, as ranked by RealTrends.

Past PROFILE Articles about ONE Sotheby’s International Realty:

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Club Studio Opens Flagship Fitness Concept at Miami Worldcenter, Bringing Boutique Wellness to Downtown Miami

Fitness International, LLC, the company behind LA Fitness and Esporta, has officially unveiled its 15th Club Studio® location — a 38,000-square-foot flagship facility at Miami Worldcenter, one of the largest and most transformative urban developments in the country. The state-of-the-art destination blends boutique fitness, recovery, and social wellness, marking a major step in Club Studio’s nationwide expansion.

Fitness International, LLC, the company behind LA Fitness and Esporta, has officially unveiled its 15th Club Studio® location — a 38,000-square-foot flagship facility at Miami Worldcenter, one of the largest and most transformative urban developments in the country. The state-of-the-art destination blends boutique fitness, recovery, and social wellness, marking a major step in Club Studio’s nationwide expansion.

“Our corner location at Miami Worldcenter brings our full concept to life, giving members the complete experience,” said Nick Roberts, Chief Real Estate Officer at Fitness International. “With over 30 years of operating history in Miami, we understand the transformative impact of the Miami Worldcenter development. Launching our first Florida Club Studio location here feels both natural and exciting.”

Club Studio offers a full range of premium training environments and recovery options under one roof. The flagship location introduces five boutique studio concepts, each designed to maximize results and engagement:

  • Strength: High-intensity CS4® classes using treadmills, rowers, ski-ergs, and functional strength equipment.

  • Box: Signature boxing workouts combining technique, athletic conditioning, and endurance.

  • Ride: Immersive rhythm-based cycling with coordinated lighting and upper-body integration.

  • Hot Yoga: Heated “Sweat +” sessions blending traditional asanas, yin poses, and dynamic flows.

  • Pilates: Reformer-based resistance classes designed to lengthen, tone, and strengthen the body.

Complementing its studios, the facility features Cryotherapy and Recovery zones offering localized and full-body cryotherapy, massage beds, compression therapy, and percussion tools for athletic recovery. Members also enjoy towel service, personal training, and a Kalologie® Medspa, along with Beaming, a healthy café serving smoothies, snacks, and meals. A curated retail boutique offers apparel and wellness products.

“Club Studio’s arrival at Miami Worldcenter marks an important milestone for our development and for Downtown Miami as a whole,” said Nitin Motwani, Managing Partner of Miami Worldcenter Associates. “As one of our marquee tenants, Club Studio brings an entirely new level of health and wellness offerings to the urban core — a destination that blends boutique fitness, recovery, and lifestyle amenities under one roof.”

Developed by Miami Worldcenter Associates, led by Art Falcone and Nitin Motwani, in partnership with CIM Group, Miami Worldcenter spans 10 city blocks and represents more than $6 billion in investment. The master-planned district integrates residential, retail, hospitality, and entertainment offerings that continue to shape Downtown Miami’s identity as a premier live-work-play destination.

Club Studio® is a next-generation fitness brand by Fitness International, LLC, combining multiple boutique studios, premium amenities, and advanced recovery within a single membership experience. The brand currently operates 15 locations nationwide, with plans to reach 50 by 2026.

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Global Insurance Group Howden Leases 23,658 SF at 600 Brickell World Plaza

Howden, the global insurance intermediary, is deepening its U.S. presence with a 23,658-square-foot lease at 600 Brickell World Plaza in Miami’s financial district. The move aligns with the company’s national growth strategy and leadership expansion, following the appointment of Mike Parrish as CEO of Howden US and Jim Hays as Vice Chairman. Parrish will lead efforts to build a next-generation retail broking business that reflects Howden’s employee-owned and client-driven ethos.

Howden, the global insurance intermediary, is deepening its U.S. presence with a 23,658-square-foot lease at 600 Brickell World Plaza in Miami’s financial district. The move aligns with the company’s national growth strategy and leadership expansion, following the appointment of Mike Parrish as CEO of Howden US and Jim Hays as Vice Chairman. Parrish will lead efforts to build a next-generation retail broking business that reflects Howden’s employee-owned and client-driven ethos.

The lease was arranged by Colliers South Florida, with Vice Chair Jonathan Kingsley and Associate Zach Smith representing Howden, alongside Jodie Poirier, President of Occupier Services, and Executive Vice Presidents Ian Gilbert and Bob Rosenthal. Ilene Muñoz, Vice President of Leasing at Elm Spring, represented the landlord, Brickell Holdings, LLC.

“With Brickell established as Miami’s epicenter for global business, we were pleased to support Howden in securing a flagship office setting that reflects their ambitious U.S. expansion strategy,” said Kingsley. “At 600 Brickell, Howden will have the perfect platform to extend their global expertise and deliver exceptional service to clients across key markets.”

Headquartered in London, Howden is the world’s largest employee-owned insurance intermediary, managing more than $42 billion in premiums across 56 countries with a workforce of over 25,000 employees. The firm’s new Miami office will serve as a key foothold in its North American expansion, with occupancy expected in early 2026. The move reflects Miami’s growing appeal to international firms seeking proximity to Latin American markets and a high-profile address within the U.S. financial landscape.

Rising 40 stories and spanning over 1 million square feet, 600 Brickell World Plaza features 26 dedicated office floors, nine-foot ceilings, and panoramic views of Biscayne Bay and the downtown skyline. It is recognized as Florida’s first LEED Platinum-certified high-rise office building, a distinction highlighting its advanced sustainability and technology standards.

The tower offers a 30,000-square-foot landscaped plaza, private fitness center, modern conference and telepresence facilities, on-site management, and 11 levels of secure, covered parking. Located directly on Brickell Avenue, the property sits within walking distance to some of Miami’s top restaurants, banks, and luxury hotels.

With over 80% of Brickell’s 43,000 employees working in finance, law, and tech, the district continues to attract a global roster of professional service firms. Since 2020, nearly 20% of new-to-market leasing activity in Brickell has been driven by international companies.

Notable entrants include CI Financial (Canada), Banco Master (Brazil), WORQ (Malaysia), and SoftBank Group (Japan) — each establishing flagship U.S. offices in the submarket. Howden’s arrival further reinforces Brickell’s position as a global gateway for business, combining prestige, talent density, and international connectivity.

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Berkadia Secures $57M Bridge Loan for Midtown Capital Partners’ Lake Worth Apartment Project

Berkadia has arranged a $57 million bridge loan to refinance the construction debt on Astor Sound at Lake Worth, a new 230-unit multifamily community in Palm Beach County that is nearing completion.

The financing team included Senior Managing Director Mitch Sinberg, Managing Directors Scott Wadler, Brad Williamson, and Matt Robbins, along with Vice President Patrick Johnson. The loan was secured on behalf of the sponsor, Midtown Capital Partners, a Miami-based real estate investment advisor, operator, and developer with a portfolio spanning the U.S. and Spain. Infinity Collective originated the two-year loan, which includes an option for a six-month extension.

Berkadia has arranged a $57 million bridge loan to refinance the construction debt on Astor Sound at Lake Worth, a new 230-unit multifamily community in Palm Beach County that is nearing completion.

The financing team included Senior Managing Director Mitch Sinberg, Managing Directors Scott Wadler, Brad Williamson, and Matt Robbins, along with Vice President Patrick Johnson. The loan was secured on behalf of the sponsor, Midtown Capital Partners, a Miami-based real estate investment advisor, operator, and developer with a portfolio spanning the U.S. and Spain. Infinity Collective originated the two-year loan, which includes an option for a six-month extension. The transaction closed on September 19.

Located at 2201 Tenth Avenue North, Astor Sound is designed as a garden-style community with four residential buildings ranging from two to five stories, along with a clubhouse on a 6.5-acre site. The property offers one-, two-, and three-bedroom floor plans sized between 715 and 1,160 square feet. Units feature chef-inspired kitchens with center islands, quartz countertops, luxury flooring, front-loading smart washers and dryers, and oversized walk-in closets.

Community amenities include a resort-style pool with pavilion and summer kitchen, fitness center, co-working lounge, coffee bar, game room, conference room, dog park and spa, and outdoor trails. The development is located minutes from downtown Lake Worth, with convenient access to I-95, Palm Beach State College, HCA Florida JFK Medical Center, and Palm Beach International Airport.

Founded in 2010, Midtown Capital Partners is an SEC-registered, vertically integrated real estate firm with offices in Miami, West Palm Beach, and Madrid. The company oversees more than $1 billion in assets across 22 investment vehicles, representing over 200 investors.

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Focus and Group Fox secure administrative site plan approval for Brickell Apartment tower

Focus, a seasoned real estate development and construction firm, and Group Fox, a family-owned property and asset management firm, both headquartered in Chicago, have received administrative site plan approval for their latest project, the 517-unit Brickell Starlite apartment tower. This milestone sets the stage for the development of a 39-story luxury high-rise in the heart of Miami’s Brickell neighborhood.

Focus, a seasoned real estate development and construction firm, and Group Fox, a family-owned property and asset management firm, both headquartered in Chicago, have received administrative site plan approval for their latest project, the 517-unit Brickell Starlite apartment tower. This milestone sets the stage for the development of a 39-story luxury high-rise in the heart of Miami’s Brickell neighborhood.

“We are thrilled to finalize the entitlements on this property in Miami,” said Tim Anderson, CEO and Founder of Focus. “The world-class design, unparalleled location, and favorable zoning were strategically developed to meet the needs of the modern renter flocking to the Brickell neighborhood.”

Located within walking distance of the Brickell Metrorail station, the property will offer seamless access to Miami’s Brightline, Tri-Rail, Metrorail, and Metromover transit systems, providing residents with connectivity across South Florida. The developers and design team, led world renowned architectural firm Gensler, proposed a pedestrian and vehicular paseo at the building’s base, linking 7th and 8th streets. This feature will enhance accessibility to retail spaces within the tower and improve connectivity to the nearby I-95 on- and off-ramps.

The Brickell neighborhood remains a focal point for rental demand in South Florida, driven by a booming economy, favorable tax policies, and national migration trends. In 2024, Miami recorded its most competitive rental market in recent history, with apartments renting in an average of just 33 days and nearly 20 renters vying for each available unit.

Focus and Group Fox are in the final stages of permitting for the project and have enlisted a Cushman & Wakefield team—including Chris Lentz, Chris Moyer, Jeff Altenau, Susan Tjarksen, and Marc Royer—to capitalize the development.

Chris Lentz, Executive Director at Cushman & Wakefield, emphasized the project’s significance: “Brickell Starlite is a landmark multifamily development in Miami’s most vibrant and sought-after Brickell neighborhood and represents one of the only new luxury high-rise multifamily products underway in this well-occupied submarket. With extremely limited new developments coming online in Brickell, and the most recent multifamily deliveries dating back to 2019 and 2021, Brickell Starlite is uniquely positioned to meet the strong sustained demand for luxury.”

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2025 Discover Boating Miami International Boat Show Returns February 12-16

The highly anticipated 2025 Discover Boating® Miami International Boat Show® is set to return to Miami from February 12 to 16, 2025, bringing the world’s largest collection of boats and marine products to South Florida. As the boating world converges on the Magic City, this iconic event promises to offer both seasoned boating enthusiasts and first-time buyers a glimpse into the latest trends and innovations in the marine industry.

The highly anticipated 2025 Discover Boating® Miami International Boat Show® is set to return to Miami from February 12 to 16, 2025, bringing the world’s largest collection of boats and marine products to South Florida. As the boating world converges on the Magic City, this iconic event promises to offer both seasoned boating enthusiasts and first-time buyers a glimpse into the latest trends and innovations in the marine industry.

This year’s event will take place at some of the most iconic spots in Miami and each venue will showcase a variety of boats, from motor yachts ranging from 30 to 125 feet at Herald Plaza to exclusive superyachts at Yacht Haven Grande Miami, accessible with VIP or Superyacht Miami tickets. The Miami Beach Convention Center will feature a range of boats up to 49 feet, as well as engine manufacturers, marine accessories, and electronics. The Venetian Marina will also provide visitors the chance to get hands-on experience through sea trials, offering attendees the opportunity to test drive vessels and see firsthand how they perform on the water.

Attendees will have access to a diverse range of boats—from luxury yachts to fishing vessels—and cutting-edge marine technologies and accessories. As always, the show promises to be an immersive experience, offering a wealth of opportunities for attendees to connect with top manufacturers, explore new products, and even test drive the latest boats on the water.

For those looking to enjoy an elevated experience, the Windward VIP Experience offers exclusive access to private lounges, gourmet food, premium open bars, and a host of additional perks, including complimentary transportation and access to the Superyacht Miami at Yacht Haven Grande Miami.

As part of its commitment to sustainability, the Miami Boat Show will emphasize environmental responsibility through initiatives like a no single-use plastic policy, water refill stations, and on-site recycling efforts. Additionally, a unique art installation made from plastics collected from Miami’s beaches will highlight the importance of ocean conservation and the show’s dedication to reducing its environmental impact.

The Discover Boating® Miami International Boat Show® has long been one of Miami’s premier events, attracting over 100,000 attendees each year and contributing an estimated $956 million to the region’s economy. The event is a key driver of tourism and a significant boon for Miami’s hospitality and real estate sectors, drawing visitors from across the globe to experience everything Miami has to offer, both on land and at sea.

With its combination of stunning boats, cutting-edge marine technology, and immersive experiences, the 2025 Discover Boating® Miami International Boat Show® is set to once again make waves in the Miami real estate market, attracting boating enthusiasts, industry professionals, and tourists alike to the heart of one of the world’s most dynamic cities. To purchase tickets, click here.

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MIMI Chinese Makes International Debut in Miami Beach

South Beach has officially added a new gem to its culinary crown. Big Hug Hospitality, the Toronto-based team behind some of Canada’s most celebrated dining establishments, has opened MIMI Chinese, marking their first international venture. Renowned for its thoughtful exploration of regional Chinese cuisine, MIMI Chinese has already made waves in Toronto’s dining scene, earning Michelin recognition and a devoted following. The Miami Beach location brings the same innovative and hospitality-driven experience to one of the country’s most vibrant culinary cities.

South Beach has officially added a new gem to its culinary crown. Big Hug Hospitality, the Toronto-based team behind some of Canada’s most celebrated dining establishments, has opened MIMI Chinese, marking their first international venture. Renowned for its thoughtful exploration of regional Chinese cuisine, MIMI Chinese has already made waves in Toronto’s dining scene, earning Michelin recognition and a devoted following. The Miami Beach location brings the same innovative and hospitality-driven experience to one of the country’s most vibrant culinary cities.

MIMI Chinese stands out for its modern approach to traditional regional Chinese cuisine. With a menu inspired by the culinary traditions of Guangdong, Sichuan, Hong Kong, and Hunan, the restaurant highlights the diversity and depth of one of the world’s oldest cuisines. Signature dishes like the Hunan Chili Sea Bass, Hidden Crispy Chicken, and Four Foot Belt Noodles showcase both traditional techniques and contemporary flair. Larger sharing plates encourage communal dining, a hallmark of Chinese culinary culture.

Culinary Director David Schwartz, a 2023 Michelin Guide Toronto Young Chef Award recipient, emphasizes MIMI Chinese’s dedication to honoring the roots of regional Chinese cuisine while adding a creative twist. “We’re thrilled to introduce MIMI Chinese to Miami Beach, a city that shares our passion for food, culture, and celebration,” Schwartz said. “Our approach is rooted in quality and tradition—a celebration of heritage with a fresh perspective.”

MIMI Chinese’s Miami Beach location offers more than just a meal; it delivers an immersive dining experience. The restaurant’s interior is designed to create an intimate and theatrical atmosphere. Dim lighting, luxurious red accents, and glossy banquettes set the stage for an evening that engages all the senses. Servers, dressed in bowties, deliver attentive service, while the aroma of Sichuan peppercorns toasting in woks fills the air. Designed without windows, the space encourages guests to escape into a world of flavor, sight, and sound.

Executive Chef Braden Chong highlights the restaurant’s commitment to top-quality ingredients and innovative presentation. “The quality of our food and ingredients is central to everything we do,” Chong said. “We’re excited to bring the artistry and vibrant energy of MIMI Chinese to Miami Beach, blending new and nostalgic flavors that honor tradition and innovation.”

The dining experience is elevated by a thoughtfully curated beverage program. Guests can enjoy an extensive selection of wines, sakes, baijiu, and signature cocktails designed to pair seamlessly with the bold and diverse flavors of the menu. Highlights include barrel-aged sakes and magnum-sized bottles perfect for sharing, ensuring the communal spirit extends to the drink menu.

Big Hug Hospitality, co-founded by David Schwartz and Brandon Marek, is the creative force behind MIMI Chinese. Known for cultivating a “Culture of Kindness,” Big Hug places employee well-being and community at the heart of their operations. With successful concepts like MIMI Chinese, Sunnys Chinese, and Linny’s in Toronto, the group has established itself as a leader in hospitality. The Miami Beach expansion marks an exciting new chapter for the team.

Instrumental in bringing MIMI Chinese to Miami is Harlo Entertainment, led by Managing Partner Brandon Marek. Harlo Entertainment specializes in creating standout hospitality experiences across North America, and their collaboration with Big Hug Hospitality promises to make MIMI Chinese a must-visit destination in South Beach. MIMI Chinese is located at 1575 Alton Rd, Miami Beach, FL. The restaurant’s thoughtfully designed space and exceptional menu make it a standout addition to the local dining scene.

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Coworking Giant Regus Leases Entire Building in South of Fifth

Regus, a global leader in flexible office spaces, has secured a long-term lease for the entirety of 429 Lenox, a 45,789-square-foot Class A boutique office building in Miami Beach’s South of Fifth neighborhood. This marks Regus’ largest footprint in the area, reflecting the growing demand for coworking spaces in South Florida.

Regus, a global leader in flexible office spaces, has secured a long-term lease for the entirety of 429 Lenox, a 45,789-square-foot Class A boutique office building in Miami Beach’s South of Fifth neighborhood. This marks Regus’ largest footprint in the area, reflecting the growing demand for coworking spaces in South Florida.

The lease was brokered by Colliers South Florida, with Vice Chair Stephen Rutchik and Vice President Ana Paula representing the landlord, Azora Exan. JLL’s Adam Bernstein represented Regus in the transaction.

“429 Lenox's prime location in the highly sought-after South of Fifth neighborhood made it an exceptional choice for Regus’ expansion,” said Paula. “As the market shifts towards prioritizing lifestyle, prime location, and modern workspaces, the property offers an unmatched blend of unique rooftop access, plug-and-play office solutions, and contemporary amenities. Its proximity to the MacArthur Causeway ensures seamless access in and out of Miami Beach, positioning it as an unparalleled option for today’s forward-thinking businesses.”

Designed by renowned architect Kobi Karp, 429 Lenox features contemporary office spaces tailored for businesses seeking a prestigious address in a dynamic, amenity-rich environment. Key features include a rooftop deck, on-site parking, and prime signage opportunities. Its South of Fifth location provides easy access to luxury residences, upscale dining, and Miami’s iconic beaches.

Arturo Vinueza, Vice President of Investments at Azora Exan, highlighted the significance of the lease: “We are excited to welcome Regus at 429 Lenox, marking a new chapter for our office building in the vibrant South of Fifth neighborhood. This lease highlights the strength of premium office space in Miami, particularly in walkable, amenity-rich areas, aligning with our national office investment thesis. We look forward to welcoming a diverse community of entrepreneurs and professionals who will thrive in this environment.”

Regus plans to operate the location under its SPACES brand, emphasizing flexibility and innovation in workspace solutions. The new office is set to open in the fourth quarter of 2024 and will join Regus’ other Miami Beach locations, solidifying its presence in the market.

The full-building lease underscores the increasing appeal of coworking spaces in Miami Beach, where office vacancy rates remain low, recorded at just 8.7% in Q3 2024. As companies continue to embrace hybrid work models, demand for adaptable, lifestyle-driven workspaces is surging. Coworking spaces like those offered by Regus cater to businesses seeking environments that enhance productivity and work-life balance.

The broader trend aligns with a post-pandemic shift in workplace priorities, with businesses opting for premium, flexible spaces in prime locations. The 429 Lenox lease reflects this evolution, cementing Miami Beach’s status as a competitive and vibrant office market.

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The Agency Expands Presence in Florida with Fort Lauderdale Office

Global luxury real estate brokerage, The Agency, continues its rapid expansion with the opening of its newest office in Fort Lauderdale. This latest addition marks the firm’s fifth location in Florida, joining established offices in Miami, Naples, Orlando, and Palm Beach.

Global luxury real estate brokerage, The Agency, continues its rapid expansion with the opening of its newest office in Fort Lauderdale. This latest addition marks the firm’s fifth location in Florida, joining established offices in Miami, Naples, Orlando, and Palm Beach.

Leading the Fort Lauderdale office is a team of distinguished Managing Partners: Mauricio Umansky, Founder and CEO of The Agency; Santiago Arana, ranked as the #6 top agent in the U.S. by RealTrends; and Howard Elfman, a seasoned real estate professional with over 25 years of experience in South Florida, who will also serve as Managing Broker. Among the office’s standout listings is 733 Middle River Drive, one of Fort Lauderdale’s most expensive properties, priced at $47.9 million and represented by Rick Teed.

Fort Lauderdale has emerged as a key market for luxury real estate, driven by its vibrant lifestyle and strong investment appeal. Mauricio Umansky emphasized The Agency’s dedication to the region, stating, “With some of the industry’s most influential leaders at the helm, our Fort Lauderdale office is poised for success as we continue to expand throughout South Florida. Fort Lauderdale has quickly become a prime destination for buyers, and The Agency’s unmatched global network and expertise are perfectly positioned to serve this dynamic market. With its vibrant lifestyle and strong investment potential, we’re excited to bring The Agency’s signature brand to this thriving region.”

The Fort Lauderdale launch is part of The Agency’s significant global expansion efforts. In 2024 alone, the brokerage opened 28 offices, bringing its total to over 130 locations across 12 countries. Recognized by The Financial Times as one of America’s Fastest Growing Companies, The Agency has also ranked on Inc. 5000’s list of fastest-growing private companies for seven consecutive years.

In addition to its global reach, The Agency has cemented its reputation as a leader in the luxury real estate space, earning accolades such as Inman’s Luxury Brokerage of the Year and a top 20 spot on the 2024 RealTrends 500 list.

The new Fort Lauderdale office, located at 901 E Las Olas Blvd #204, positions The Agency as a vital player in the region’s luxury market. Howard Elfman expressed his excitement, stating, “Fort Lauderdale is experiencing incredible growth, and I am personally honored to expand our office with passionate, like-minded agents who share our commitment to collaboration.”

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