Page 5 - Phillips Point News Today

Cascades at the Hammocks with Grand Peaks CEO Luke Simpson and AEW CEO Jeff Furber (Google Maps) AEW Capital Management sold the Cascades at the Hammocks multifamily complex in southwest Miami-Dade County for $63 million. Records show AEW’s affiliate, Cascades at Hammocks LLC, sold the apartments at 10605 Hammocks Boulevard, to Grand Peaks Properties’ affiliate Cascades Hammocks Apartments LLC. Denver-based Grand Peaks, led by Luke Simpson, took out a $28.2 million loan from JLL Real Estat...

Related to control West Palm office market: Buys 2 more buildings, lures big mortgage company Alexandra Clough, Palm Beach Post The Related Cos., led by billionaire Miami Dolphins owner Stephen Ross, is about to take control of the market for high-end commercial office space in West Palm Beach, giving the company the power to attract and ink leases with any office tenant seeking top space downtown. Related is nearing completion on deals to acquire the Esperante Corporate C...

Upstate and Western New York Fishing Report – February 4, 2021 Bill Hilts, Jr. Take advantage of the next couple of days if you want to fish in the Niagara River before another winter storm blows in from the west. Action has been spotty, along with the weather, but some nice fish are available if fishing from a boat or from the shoreline in the gorge area.   Capt. Richard Brant of Tonawanda reports that he was out for 3 days in the lower Niagara River and did decently on trout. steelhead, ...

| 1/11/2021 When will that $25 billion get to renters and landlords? Renters and landlords counting on accessing the $25 billion in rental assistance money can do little at the moment but wait for the gears of bureaucracy to slowly grind along. The money will get here. It’s just a question of when. Of the $25 billion, Florida is likely to receive $1.4 billion, according to estimates by the National Low Income Housing Coalition. That would pay down past-due rent balances of $6,000 each for m...

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Ken Himmel, a top Related official, also is an owner, sources said. Related Cos. has been a driving force in the development of West Palm Beachs downtown for more than 20 years. The Phillips Point acquisition cements Ross control of the West Palm Beach office market at a time when financial services firms are eying space in Florida. Many firms are seeking to leave crowded urban cities due to the pandemic and high taxes in other states. In an email, Himmel, chief executive of Related Urban, ...

Email Address The Covid-19 pandemic has pushed companies to consider new ways to provide office space for employees who have grown accustomed to working remotely. Related’s deal comes as Wall Street firms, long clustered in Manhattan, look to Florida as they shift some workers away from New York. Goldman Sachs Group Inc., which maintains a small office in Phillips Point, has been weighing plans to create a South Florida hub for its asset-management arm. And electronic market maker Virtu Fin...

Phillips Point office towers with Related’s Stephen Ross (JLL, Getty) The Related Companies is expected to close on the Phillips Point office towers in West Palm Beach for $282 million. Matt McCormack AEW Capital Management is selling the 448,914-square-foot office complex. The deal, which will mark the largest office sale in South Florida in more than a year, is set to close in a couple of weeks. Real Estate Alert and Bloomberg reported the deal. A source confirmed details of the sale to Th...

Despite Covid-19, DeSantis is holding a party with legislators — Governor sued over withholding public records on coronavirus — Electoral College vote today Presented by CVS Health Good Monday morning. The daily rundown — Between Saturday and Sunday, the number of Florida coronavirus cases increased by 8,958 (0.8 percent), to 1,125,931; active hospitalizations went up by 62 (1.3 percent) since Friday, to 4,686; deaths rose by 81 (0.4 percent), to 19,866. Ho, ho, ho — So, who’s ready ...

Rumors swirled this past week around the idea that New York City’s Goldman Sachs was eyeing South Florida as a potential new home for its asset management division. Now, downtown West Palm Beach is looking like a real possibility to eke out Miami, Fort Lauderdale and Texas, according to Brian Gale, vice chairman of Cushman and Wakefield and a leasing agent at Phillips Point, a 451,858-square-foot Class A office building located at 777 S. Flagler Drive.  “We’ve heard there might be a requ...