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South Florida

New York brokers fly south


From the New York August issue: A sudden flurry of New York City brokers are setting up shop in Florida, hoping to cash in on a housing market making strides toward recovery.

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In the last six months, commercial brokerage Robert K. Futterman & Associates and residential firm Prudential Douglas Elliman have both dipped their toes into the Sunshine State market with new Miami offices. They’re joining the Corcoran Group and Brown Harris Stevens, which already have offices in Florida.

“Miami seems to be one of the most vibrant places in the U.S. right now, especially in terms of foreign investment,”said Robert Futterman, founder of the eponymous retail firm.