Bradford Allen Sells West Palm’s One Clearlake to Steve Ross: A $15 Million Power Play in Downtown West Palm Beach: Mistakes to Avoid

Steve Ross has acquired the One Clearlake office tower in downtown West Palm Beach for .4 million, marking a significant expansion of his Related Ross empire.

Bradford Allen Sells West helps improve planning, consistency, and publishing quality when teams follow a repeatable workflow.

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var(–wp–preset–gradient–midnight) !important;}.has-small-font-size{font-size: var(–wp–preset–font-size–small) !important;}.has-medium-font-size{font-size: var(–wp–preset–font-size–medium) !important;}.has-large-font-size{font-size: var(–wp–preset–font-size–large) !important;}.has-x-large-font-size{font-size: var(–wp–preset–font-size–x-large) !important;}”,”type”:”list”,”__typename”:”StyleItem”}],”post”:{“id”:”cG9zdDoxMDAyMzI5″,”databaseId”:1002329,”title”:”Related Ross buys One Clearlake office tower in downtown West Palm for $55M”,”status”:”publish”,”slug”:”bradford-allen-sells-west-palms-one-clearlake-to-steve-ross”,”uri”:”/miami/2025/11/24/bradford-allen-sells-west-palms-one-clearlake-to-steve-ross/”,”link”:”https://therealdeal.com/miami/2025/11/24/bradford-allen-sells-west-palms-one-clearlake-to-steve-ross/”,”dateGmt”:”2025-11-24T19:34:59″,”contentTypeName”:”post”,”contentFiltered”:”u003cpu003eSteve Ross bought the One Clearlake office tower for $55.4 million, expanding his empire in downtown West Palm Beach, where he is the dominant developer and investor.  u003c/pu003enu003cpu003eRoss’ West Palm-based Related Ross bought the 18-story building at 250 South Australian Avenue from Chicago-based Bradford Allen Investment Advisors, according to records. The buyer secured a $40 million loan from City National Bank of Florida.u0026nbsp;u003c/pu003enu003cpu003eCompleted in 1987 on a 2.9-acre lot, One Clearlake spans about 221,700 square feet andu0026nbsp; includes an attached four-story, 669-space garage, according to records. Roughly 20 percent of the office space is available for lease, according to a Related Ross spokesperson.u0026nbsp;u003c/pu003enu003cpu003eTenants include Northwestern Mutual, Ideal Nutrition, RM Anderson Co., SouthState Loan Office and Rubenstein Law.u0026nbsp;u003c/pu003enu003cpu003eThe purchase marks at least Related Ross’ 11th office property in downtown West Palm, including those purchased, developed, under construction and planned.u0026nbsp;u003c/pu003enu003cpu003eThe tower is adjacent to the two-story, 70,100-square-foot WPTV studio and office building at 1100 Banyan Boulevard, which Related Ross bought for u003ca href=”/miami/2025/05/01/steve-ross-related-ross-partners-buy-west-palm-tv-studio/”u003e$40 millionu003c/au003e in May.u0026nbsp;u003c/pu003enu003cpu003eThe One Clearlake and WPTV sites now give Related Ross a combined 7.6 contiguous acres facing Clear Lake.u0026nbsp;u003c/pu003enu003cpu003eAny potential redevelopment would have to wait because The E.W. Scripps Company, WPTV’s parent company, leased back its building for a term of at least two and a half years.u0026nbsp;u003c/pu003enu003cpu003eThis is the second time One Clearlake traded this year. In May, Bradford Allen bought it for u003ca href=”/miami/2025/05/12/rockpoint-jv-sells-west-palm-office-tower-to-bradford-allen/”u003e$45 millionu003c/au003e, marking a nearly 26 percent discount from its sale price four years ago. The sellers – Rockpoint and New England Development, both based in Boston, Miami-based Tricera, and Palm Beach-based NDT Development –– had paid u003ca href=”/miami/2021/07/01/tricera-capital-partners-buy-west-palm-beach-office-tower-for-61m/”u003e$60.7 millionu003c/au003e for One Clearlake in 2021.u0026nbsp;u003c/pu003enu003cpu003eRoss, 85, founded New York-based Related Companies over 50 years ago. After leading the firm that helped shape New York’s skyline, he stepped back last year, carved out Related’s Southeast division and put it under his newly founded u003ca href=”/miami/2024/07/11/steve-ross-steps-down-from-related-launches-west-palm-firm/”u003eRelated Rossu003c/au003e. Related Ross primarily focuses on downtown West Palm and also on other South Florida areas.u0026nbsp;u003c/pu003enu003cpu003eThis year, Related Ross completed the 25-story u003ca href=”/miami/2025/08/21/steve-ross-nabs-340m-one-flagler-refi-in-west-palm-beach/”u003eOne Flagleru003c/au003e at the foot of the Royal Palm Bridge. It’s also developing the u003ca href=”/miami/2023/03/30/steve-ross-related-plans-more-office-towers-in-west-palm/”u003e10 CityPlace and 15 CityPlaceu003c/au003e office towers on the site of AMC West Palm Beach 12 at 545 Hibiscus Street, and at the closed Brio Italian Grille at 550 South Rosemary Avenue.u0026nbsp;u003c/pu003enu003cpu003eAside from offices, Related Ross also has built apartments and is developing condos in downtown West Palm. The firm’s portfolio includes the CityPlace mixed-use complex that Related Companies completed in 2000.u0026nbsp;u003c/pu003enu003cpu003eu003ca href=”/magazine/january-2025/inside-steve-ross-all-in-wager-on-west-palm-beach/”u003eRossu003c/au003e, a major benefactor in Palm Beach County, has played a role in the county’s reinvention. The billionaire has tapped his New York network to lease up his West Palm offices with financial firms, aligning with county boosters’ yearslong push to turn the county into “Wall Street South.” More recently, he has talked about attracting tech firms, in a bid to create “Silicon Valley South” in Palm Beach County. He also supported Vanderbilt University’s plan to open a campus in West Palm.u0026nbsp;u003c/pu003enu003cpu003eRoss remains nonexecutive chairman and the biggest single shareholder at Related Companies.u0026nbsp;u003c/pu003enu003csection class=”ReadMoreSection_root”u003entu003ch4 class=”ReadMoreSection_title”u003eRead moreu003c/h4u003enttttttttu003ca class=”BlogrollPost” href=”/magazine/january-2025/inside-steve-ross-all-in-wager-on-west-palm-beach/”u003enttttu003carticle class=”BlogrollPost_container”u003entttttu003cfigure class=”BlogrollPost_image FeaturedImage”u003entttttttttttttu003cimg decoding=”async” width=”150″ height=”94″ src=”https://static.therealdeal.com/wp-content/uploads/2025/01/Steve-Ross-150×94.jpg” class=”FeaturedImage_image wp-post-image” alt=”” loading=”lazy” /u003etttttttttttu003c/figureu003entttttu003cdiv class=”BlogrollPost_content”u003enttttttu003cdiv class=”BlogrollPost_heading”u003entttttttu003cdiv class=”MarketSectorLabel_categoryCityLabelWrapper”u003enttttttttttttttttu003cdiv class=”MarketSectorLabel_sectorLabel”u003entttttttttDevelopmentttttttttu003c/divu003enttttttttttttttttttttttttu003cdiv class=”MarketSectorLabel_marketLabel”u003entttttttttSouth Floridattttttttu003c/divu003entttttttttttttttu003c/divu003enttttttu003c/divu003enttttttu003cdiv class=”BlogrollPost_title”u003eSteve Ross trades New York state of mind for West Palm Beachu003c/divu003entttttu003c/divu003enttttu003c/articleu003entttu003c/au003enttttu003c/sectionu003ennttu003c/pu003en”,”noAds”:false,”alternativeHeadline”:{“subheadline”:”Seller Bradford Allen had paid $45M for 18-story building in May”,”__typename”:”AlternativeHeadline”},”updatedPost”:{“updated”:false,”date”:”2025-11-24T20:01:00+00:00″,”__typename”:”UpdatedPost”},”aiSummary”:{“summary”:”u003cpu003eu003c!– wp:list –u003eu003c/pu003ernu003cul class=”wp-block-list”u003eu003c!– wp:list-item –u003ernu003cliu003eSteve Ross’s West Palm-based Related Ross purchased the 18-story One Clearlake office tower in downtown West Palm Beach for $55.4 million from Chicago-based Bradford Allen Investment Advisors.u003c/liu003ernu003c!– /wp:list-item –u003ernrnu003c!– wp:list-item –u003ernu003cliu003eThis acquisition marks at least the 11th office property for Related Ross in downtown West Palm, consolidating 7.6 contiguous acres of land on Clear Lake with an adjacent WPTV studio site.u003c/liu003ernu003c!– /wp:list-item –u003ernrnu003c!– wp:list-item –u003ernu003cliu003eThe transaction is the second time the tower has traded this year, with seller Bradford Allen having acquired it for $45 million in May, which was a nearly 26 percent discount from the $60.7 million paid by the previous ownership group in 2021.u003c/liu003ernu003c!– /wp:list-item –u003eu003c/ulu003ernu003cpu003eu003c!– /wp:list –u003eu003c/pu003e”,”reviewed”:true,”disabled”:false,”autoGenerate”:false,”__typename”:”AISummary”},”audioArticleSettings”:{“audioUrl”:”https://eleven-public-cdn.elevenlabs.io/audio-native/a24c95b71e45d877e2798ceb32ef0ff8b1d79dced18bffc58f5b3a0c6e8468ac/Py9iP6THwfv3ZWMvuBGJ/Py9iP6THwfv3ZWMvuBGJ.mp3″,”__typename”:”AudioArticleSettings”},”mainArt”:{“mediaType”:”image”,”image”:{“node”:{“sourceUrl”:”/wp-content/uploads/2025/11/Bradford-Allen-Sells-West-Palms-One-Clearlake-to-Steve-Ross-1400×933.jpg”,”srcSet”:”/wp-content/uploads/2025/11/Bradford-Allen-Sells-West-Palms-One-Clearlake-to-Steve-Ross-1400×933.jpg 1400w, /wp-content/uploads/2025/11/Bradford-Allen-Sells-West-Palms-One-Clearlake-to-Steve-Ross-300×200.jpg 300w, /wp-content/uploads/2025/11/Bradford-Allen-Sells-West-Palms-One-Clearlake-to-Steve-Ross-700×467.jpg 700w, /wp-content/uploads/2025/11/Bradford-Allen-Sells-West-Palms-One-Clearlake-to-Steve-Ross-200×133.jpg 200w, /wp-content/uploads/2025/11/Bradford-Allen-Sells-West-Palms-One-Clearlake-to-Steve-Ross-768×512.jpg 768w, /wp-content/uploads/2025/11/Bradford-Allen-Sells-West-Palms-One-Clearlake-to-Steve-Ross-1024×683.jpg 1024w, /wp-content/uploads/2025/11/Bradford-Allen-Sells-West-Palms-One-Clearlake-to-Steve-Ross-50×33.jpg 50w, /wp-content/uploads/2025/11/Bradford-Allen-Sells-West-Palms-One-Clearlake-to-Steve-Ross.jpg 1500w”,”sizes”:”(max-width: 1400px) 100vw, 1400px”,”caption”:”u003cpu003eSteve Ross of Related Ross and One Clearlake office tower at 250 South Australian Avenue in West Pau0026#8230;u003c/pu003en”,”altText”:”Steve Ross of Related Ross and One Clearlake office tower at 250 South Australian Avenue in West Palm Beach”,”__typename”:”MediaItem”},”__typename”:”AcfMediaItemConnectionEdge”},”video”:null,”caption”:”Steve Ross of Related Ross and One Clearlake office tower at 250 South Australian Avenue in West Palm Beach (Getty, Google Maps)”,”__typename”:”MainArt”},”featuredImage”:{“node”:{“sourceUrl”:”https://static.therealdeal.com/wp-content/uploads/2025/11/Bradford-Allen-Sells-West-Palms-One-Clearlake-to-Steve-Ross-1400×933.jpg”,”srcSet”:”https://static.therealdeal.com/wp-content/uploads/2025/11/Bradford-Allen-Sells-West-Palms-One-Clearlake-to-Steve-Ross-1400×933.jpg 1400w, https://static.therealdeal.com/wp-content/uploads/2025/11/Bradford-Allen-Sells-West-Palms-One-Clearlake-to-Steve-Ross-300×200.jpg 300w, https://static.therealdeal.com/wp-content/uploads/2025/11/Bradford-Allen-Sells-West-Palms-One-Clearlake-to-Steve-Ross-700×467.jpg 700w, https://static.therealdeal.com/wp-content/uploads/2025/11/Bradford-Allen-Sells-West-Palms-One-Clearlake-to-Steve-Ross-200×133.jpg 200w, https://static.therealdeal.com/wp-content/uploads/2025/11/Bradford-Allen-Sells-West-Palms-One-Clearlake-to-Steve-Ross-768×512.jpg 768w, https://static.therealdeal.com/wp-content/uploads/2025/11/Bradford-Allen-Sells-West-Palms-One-Clearlake-to-Steve-Ross-1024×683.jpg 1024w, https://static.therealdeal.com/wp-content/uploads/2025/11/Bradford-Allen-Sells-West-Palms-One-Clearlake-to-Steve-Ross-50×33.jpg 50w, https://static.therealdeal.com/wp-content/uploads/2025/11/Bradford-Allen-Sells-West-Palms-One-Clearlake-to-Steve-Ross.jpg 1500w”,”sizes”:”(max-width: 1400px) 100vw, 1400px”,”caption”:”u003cpu003eSteve Ross of Related Ross and One Clearlake office tower at 250 South Australian Avenue in West Pau0026#8230;u003c/pu003en”,”altText”:”Steve Ross of Related Ross and One Clearlake office tower at 250 South Australian Avenue in West Palm 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/u003enu003cmeta property=”og:type” content=”article” /u003enu003cmeta property=”og:title” content=”Related Ross buys One Clearlake office tower in downtown West Palm for $55M” /u003enu003cmeta property=”og:description” content=”Steve Ross, the king of downtown West Palm offices, added the One Clearlake tower to his empire for $55.4 million. ” /u003enu003cmeta property=”og:url” content=”https://therealdeal.com/miami/2025/11/24/bradford-allen-sells-west-palms-one-clearlake-to-steve-ross/” /u003enu003cmeta property=”og:site_name” content=”The Real Deal” /u003enu003cmeta property=”article:publisher” content=”https://www.facebook.com/therealdealmedia/” /u003enu003cmeta property=”article:published_time” content=”2025-11-24T19:34:59+00:00″ /u003enu003cmeta property=”article:modified_time” content=”2025-11-24T19:35:27+00:00″ /u003enu003cmeta property=”og:image” content=”https://static.therealdeal.com/wp-content/uploads/2025/11/Bradford-Allen-Sells-West-Palms-One-Clearlake-to-Steve-Ross.jpg” 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The buyer secured a $40 million loan from City National Bank of Florida.u0026nbsp; Completed in 1987 on a 2.9-acre lot, One Clearlake spans about 221,700 square feet andu0026nbsp; includes an attached four-story, 669-space garage, according to records. Roughly 20 percent of the office space is available for lease, according to [u0026hellip;]” /u003enu003cmeta name=”twitter:creator” content=”@trdny” /u003enu003cmeta name=”twitter:site” content=”@trdny” /u003enu003cmeta name=”twitter:label1″ content=”Written by” /u003entu003cmeta name=”twitter:data1″ content=”Kevin Rebong” /u003entu003cmeta name=”twitter:label2″ content=”Est. reading time” /u003entu003cmeta name=”twitter:data2″ content=”3 minutes” /u003enu003cscript type=”application/ld+json” class=”yoast-schema-graph”u003e{“@context”:”https://schema.org”,”@graph”:[{“@type”:”NewsArticle”,”@id”:”https://therealdeal.com/miami/2025/11/24/bradford-allen-sells-west-palms-one-clearlake-to-steve-ross/#article”,”isPartOf”:{“@id”:”https://therealdeal.com/miami/2025/11/24/bradford-allen-sells-west-palms-one-clearlake-to-steve-ross/”},”author”:[{“@type”:”Person”,”@id”:”https://therealdeal.com/#/schema/person/59ad643e34e525ba44cf385eb480dc46″,”name”:”Lidia Dinkova”,”image”:{“@type”:”ImageObject”,”url”:”https://secure.gravatar.com/avatar/8f50db554f29c280c6279bd8cbf09aa15dd40cda5b5963c6a80232b86912c185?s=96u0026#038;d=mmu0026#038;r=g”},”description”:”Lidia Dinkova covers South Florida real estate for The Real Deal. You can reach her at (305) 308-2425 or [email protected].”,”sameAs”:[“https://x.com/LidiaDinkova”],”url”:”https://therealdeal.com/author/lidia-dinkova/”}],”headline”:”Related Ross buys One Clearlake office tower in downtown West Palm for $55M”,”datePublished”:”2025-11-24T19:34:59+00:00″,”dateModified”:”2025-11-24T19:35:27+00:00″,”mainEntityOfPage”:{“@id”:”https://therealdeal.com/miami/2025/11/24/bradford-allen-sells-west-palms-one-clearlake-to-steve-ross/”},”wordCount”:521,”publisher”:{“@id”:”https://therealdeal.com/#organization”},”image”:[{“@type”:”ImageObject”,”url”:”https://static.therealdeal.com/wp-content/uploads/2025/11/Bradford-Allen-Sells-West-Palms-One-Clearlake-to-Steve-Ross-300×200.jpg”,”width”:300,”height”:200,”contentUrl”:”https://static.therealdeal.com/wp-content/uploads/2025/11/Bradford-Allen-Sells-West-Palms-One-Clearlake-to-Steve-Ross-300×200.jpg”,”caption”:”Steve Ross of Related Ross and One Clearlake office tower at 250 South Australian Avenue in West Palm 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Completed in 1987 on a 2.9-acre lot, One Clearlake spans about 221,700 square feet and includes an attached four-story, 669-space garage.

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