Stephen Ross on Palm Beach Development, Dolphins Offers

Watch on YouTube ↗  |  January 14, 2026 at 22:56  |  43:21  |  Bloomberg Markets
Speakers
Stephen Ross — CEO and Chair, Related Ross; Founder, Related Companies; Owner, Miami Dolphins

Summary

Stephen Ross discusses West Palm Beach's evolution into a major business and technology hub, citing corporate relocations, Florida's business-friendly environment, and investments in education, healthcare, and housing. He also outlines his South Florida entertainment and sports real estate strategy around Hard Rock Stadium and explains why he believes NFL team valuations, including the Miami Dolphins, will continue to rise. He touches on private equity in sports, California and New York business climate challenges, and Florida policy issues.

  • Ross says Palm Beach County could become the most important U.S. county and a next Silicon Valley.
  • He cites Florida's low taxes, lower regulation, and cost advantages as drivers of migration from California and New York.
  • Related Ross is developing office, workforce housing, and healthcare and education infrastructure in West Palm Beach.
  • Ross sees defense technology as a growing South Florida sector.
  • He built Hard Rock Stadium into an entertainment hub with tennis, Formula 1, concerts, and World Cup games.
  • He expects NFL franchise values, including the Dolphins, to keep rising due to media rights demand.
  • Private equity is buying limited NFL stakes because clients want ownership and values are appreciating.
  • He doubts Florida's homestead property tax elimination proposal will pass and warns against shifting taxes to commercial businesses.
Ideas
Stephen Ross CEO and Chair, Related Ross; Founder, Related Companies; Owner, Miami Dolphins 1:01
West Palm Beach office demand growing.
Ross believes Palm Beach County will become the most important county in the U.S. and the next Silicon Valley, driven by corporate relocations, business-friendly policies, and infrastructure he is actively building. He is developing office product, secured a record $772 million Florida construction loan, and attracted tenants such as ServiceNow, supporting West Palm Beach office real estate.
West Palm Beach office real estate HIGH
Stephen Ross CEO and Chair, Related Ross; Founder, Related Companies; Owner, Miami Dolphins 2:45
Florida business migration supports real estate.
Ross argues Florida is one of the best places to do business, with lower taxes, less regulation, and lower costs than California and New York. He expects continued corporate and individual migration from high-tax, high-regulation states to benefit Florida's economy and real estate, especially as Florida transitions from a retirement and second-home market into a true business state.
Florida commercial real estate HIGH
Stephen Ross CEO and Chair, Related Ross; Founder, Related Companies; Owner, Miami Dolphins 10:16
South Florida defense tech to grow.
Ross expects defense technology to be a major growth factor in Palm Beach County because South Florida already hosts three of five major military/Southern Command divisions, has a Vanderbilt defense-tech program, is hosting an AWS defense-tech conference, and has a growing base of defense companies.
Defense technology MED
Stephen Ross CEO and Chair, Related Ross; Founder, Related Companies; Owner, Miami Dolphins 16:10
South Florida workforce housing needs development.
Ross says workforce and affordable housing is critical for South Florida's growth and is one of the biggest issues nationally. He started his career in affordable housing, remains one of the largest owners, has sites, and expects to develop more as costs are lower than most places and the state works on solutions. This supports South Florida workforce housing.
South Florida workforce housing HIGH
Stephen Ross CEO and Chair, Related Ross; Founder, Related Companies; Owner, Miami Dolphins 20:03
South Florida entertainment real estate benefits.
Ross has invested in Hard Rock Stadium and surrounding land to create a South Florida entertainment hub, attracting the Miami Open tennis tournament and a Formula 1 race under long-term contracts, with over $100 million in annual regional benefits and upcoming World Cup games. This supports South Florida sports and entertainment real estate and tourism.
South Florida entertainment real estate MED
Stephen Ross CEO and Chair, Related Ross; Founder, Related Companies; Owner, Miami Dolphins 25:52
NFL team valuations keep rising.
Ross views NFL franchises as among the most valuable U.S. assets and expects valuations to keep rising because sports media rights are uniquely valuable, demand is huge, football dominates other sports, and streaming competition from Amazon, Netflix, and networks will push rights prices higher. He was offered close to $15 billion for the Miami Dolphins and is keeping the team in the family, reinforcing his bullish view on team value.
Miami Dolphins NFL team ownership stakes HIGH
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This Bloomberg Markets video, published January 14, 2026, features Stephen Ross discussing West Palm Beach office real estate, Florida commercial real estate, Defense technology, South Florida workforce housing, South Florida entertainment real estate, Miami Dolphins, NFL team ownership stakes. 6 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Stephen Ross  · Tickers: West Palm Beach office real estate, Florida commercial real estate, Defense technology, South Florida workforce housing, South Florida entertainment real estate, Miami Dolphins, NFL team ownership stakes