Related makes big bet on South Florida office market

The Related Companies is expected to close on the Phillips Point office towers in West Palm Beach for $282 million. 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 The Real Deal. Related