Jonathan Goldstein
Co-founder and CEO at Cain International
If either Miami’s 830 Brickell tower or Beverly Hills’ One Beverly Hills were the only assets under Cain International’s belt, each one would still be enough to land the investment firm on this list.
The projects, on opposite sides of the country, have become two of the most influential developments within their respective markets in recent years, despite the fact that the former was only fully completed in October and that the latter just broke ground the previous February.
Take 830 Brickell. The 57-story trophy office building has almost single-handedly reshaped Miami into a destination for high-powered companies migrating south in the wake of the COVID pandemic. Not only is the tower fully leased to industry-leading firms such as Citadel, Microsoft, private equity company Thoma Bravo and multinational law firm Kirkland & Ellis, but it’s also now commanding rent prices of nearly $200 per square foot, breaking the rent-per-foot record across all of Florida.
Then there’s One Beverly Hills, Cain and OKO Group’s $5 billion-plus mixed-use development in the heart of Southern California. The 17.5-acre project is already one of the biggest privately funded projects in the nation. It will include two residential towers (set to become the tallest in the famed enclave), a renovation of the Beverly Hilton Hotel, a 10-story Aman-branded hotel and residence, retail, and lush green space.
Cain also merged with Blackbrook Capital last spring to expand its presence in Europe’s industrial and logistics sectors. Cain’s portfolio currently reaches $17 billion of assets managed across the U.S., U.K. and Europe.
Jonathan Goldstein, the British entrepreneur who founded Cain in 2014 alongside Eldridge Chairman and CEO Todd Boehly, is behind much of that success. Goldstein brought to Cain a trail of high-powered experience via companies such as investment and advisory firm Guggenheim Partners, where he led European real estate and direct investments; Heron International, where he was deputy chief executive for seven years; and London-based law firm Olswang, where he became chief executive at just 32 years old.
Goldstein is also a director of Chelsea F.C., for all you Blues out there.
“As investors increasingly prioritize physical assets that can be experienced, inhabited, and contribute to the fabric of community life, we believe real estate is exceptionally well positioned — and we look forward to delivering on that opportunity, with more to come,” Goldstein told CO.
