United States: Real Estate

On March 11, 2026, former Starbucks CEO and Chairman Emeritus, Howard Schultz, and his wife announced that, after more than 40 years in Seattle, Washington, they were relocating to Miami. While the move surprised some longtime observers, it reflects a broader and increasingly familiar pattern: prominent business leaders and high net worth individuals leaving legacy West Coast markets for opportunity, scale, and lifestyle along Florida’s Gold Coast.

On March 12, 2026, the Senate passed the 21st Century ROAD to Housing Act (the “Bill”) by a vote of 89-10. The Bill represents one of the most sweeping housing reform initiatives in decades, combining elements of the Senate’s ROAD to Housing Act (S. 2651) with components of the House of Representatives’ Housing for the 21st Century Act (H.R. 6644), both of which recently passed in their respective chambers.

In the weeks and months leading up to MIPIM, sentiment across European real estate markets had been steadily improving.