Related Cos. entity buying Phillips Point complex in West Palm Beach
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 Beach's 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, confirmed the purchase by a Related affiliate, but he was vague about the entity's owners.
Source: palmbeachpost.com