
Family OfficeKen Griffin Takes 60% Stake in $6.2 Billion Midtown Tower as Citadel Anchors Development
Vornado and Rudin will develop the 1.9-million-square-foot building at 350 Park Avenue with a $3.3 billion construction loan.

Vornado and Rudin will develop the 1.9-million-square-foot building at 350 Park Avenue with a $3.3 billion construction loan.

The Washington firm acquired The Crossing at Palm Aire with European family office capital after closing $150 million multifamily vehicle's second round.

Brussels and Flanders-based dynasties favor direct ownership and 20- to 30-year holding periods, filling gaps left by institutional capital.

El-Ad National Properties acquired the adjacent development site in May, signaling plans beyond a simple resale.

The New York fintech will let advisors guide client decisions on held-away retirement assets without direct account control, starting in September.

Mayor Mamdani's finance team declined to testify on the luxury-home surcharge, citing a pending lawsuit, while council members warned thousands of homeowners face proving residency to avoid the levy.

New tax-advantaged savings vehicles allow up to $5,000 in annual contributions and must track U.S. stock indexes.

KB Securities reports that clients holding more than 30 billion won in financial assets are adding bonds, dollars and gold to portfolios as they reduce cash and property weightings.

Second-quarter data show newly formed offices allocating to private equity and direct investments at rates nearly nine times higher than to hedge funds or private credit.
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Louisville firm's CEO commits $50 million personally as fund targets distressed Class A and B properties in prime U.S. markets.

Nonrenewal rates climbed as much as 216% in western states since 2018, while average premiums reached $1,818 per year in the Southeast, according to NAIC data.

The 14-person Jones Wealth Partners group, led by a 43-year Merrill veteran, marks the firm's third Ohio location.

Sixty percent of family offices expect a leadership transition within the next decade, pushing integrated advisory models ahead of portfolio performance as the primary measure of value.

Financial-service tenants, including family offices, accounted for 15% of Miami's second-quarter leasing activity, a commercial brokerage said.

Wealthy families are backing smaller VC funds after institutional investors retreat, marking a reversal from years of late-stage and pre-IPO bets.

The Miami-based wealth manager has more than doubled client assets this year to $556 billion by replacing advisor competition with firm-wide collaboration.

Lee Jae Myung invoked Japan's lost decades to highlight overheating concerns, though economists say strict lending controls and lower leverage limit systemic risk.

Voters aged 18-34 rank housing affordability as their number-one issue, outpacing food costs and democracy, as both parties vie for control of Congress.

Thirty-year fixed rates climbed to 6.65 per cent last week, pushing purchase applications down while government-backed refinances surged on thin volumes.
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