Real Estate
Billionaire Stephen Ross to Lead Real Estate Developer Focused on South Florida
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Billionaire Stephen Ross is stepping down from day-to-day management at Related Cos. to lead a development firm focused on South Florida.
The firm, Related Ross, is separate from Related Cos., according to a memo to employees seen by Bloomberg News. Ross, 84, has already built projects in the West Palm Beach area, which has attracted a growing number of financial companies and an exodus of wealth from the Northeast.