IT Operations Engineer

Several major hedge funds are reducing their investment staff in Miami despite the city's reputation as a growing finance hub. Eight multistrategy firms — including Citadel, Millennium, Point72 and Balyasny — employed 218 investment professionals in Miami in 2025, down 20 from the previous year, even as their overall investing head count grew by over 11%. Citadel, which moved its headquarters to Miami in 2022, cut 15 investment professionals there whilst adding 77 globally. Millennium reduced its Miami presence from 53 investors to 48 and consolidated from two offices to one. Only ExodusPoint and Walleye increased their Miami investment staff. Growth is instead concentrated in New York, London, Hong Kong and Dubai, according to regulatory filings.

Point72 inks lease at Tishman Speyer's Hudson Yards office. Steve Cohen's Point72 Asset Management is significantly growing its footprint in Hudson Yards with a new lease at The Spiral. According to sources familiar with the transaction, the global alternative investment firm has secured 59,746 square feet of office space in Manhattan, N.Y., within Tishman Speyer's 66-story tower located at 66 Hudson Blvd. This expansion covers the entire 31st floor and a portion of the 21st floor. While the duration of the agreement was not disclosed, the starting rent was reported at $130 per square foot. Although the deal was finalized in December, it was previously unreported until now. In this transaction, Point72 was represented by Neil Goldmacher, Brian Goldman, and Michael Horn of Newmark, while Tishman Speyer was represented in-house by Samantha Augarten and Sam Brodsky. Both firms declined to comment on the specifics of the deal. This move represents a strategic expansion within the immediate neighborhood for Point72, which already maintains a massive presence nearby at 55 Hudson Yards. Before consolidating its operations in this district, Cohen's company occupied 11 floors across two separate buildings at 330 and 510 Madison Ave. Since then, the firm has leased more than 175,000 square feet in the tower that was developed by Related Companies, Oxford Properties Group and Mitsui Fudosan America. With this deal, The Spiral - a 2.85-million-square-foot skyscraper designed by the Bjarke Ingels Group - has reached 98% occupancy. This follows a late 2024 move by private equity giant TPG, which took 301,000 square feet across eight high-rise floors. The building also hosts the U.S. headquarters of HSBC, as well as the likes of Pfizer; Turner Construction; Debevoise & Plimpton LLP; AllianceBernstein; and Marshall Wace. The tower originally opened in 2023. It's situated diagonally across West 34th Street and Bella Abzug Park near the firm's other offices at 55 Hudson Yards. The location also provides a personal convenience for Cohen: With the 7 subway line terminating at Bella Abzug Park, the new lease at The Spiral offers a direct transit route to Citi Field. This connection is timely because Cohen's $8 billion Metropolitan Park proposal was one of three to receive a state gaming license at the end of last year. In partnership with Hard Rock International, Cohen intends to transform 50 acres of parking lots adjacent to the Mets' stadium into a sprawling casino complex. The planned facility includes nearly 300,000 square feet of gaming space; a 1,000-room hotel; a live music venue for 5,650 people; various restaurants; and 25 acres of dedicated green space. Senior Content Writer, CRE News & Market Analysis Drawing on years of intense research in the U.S. commercial real estate market at Yardi Matrix, Diana now applies her expertise as a writer for the CommercialCafe blog. Her articles focus on CRE investment, labor market trends, and technology, and have been picked up by prestigious publications including the New York Times, GlobeSt, The Real Deal, NAIOP, MSN, and Bisnow. March 24, 2026 March 23, 2026 March 20, 2026