Beauty executive sells Palm Beach lot for $42M


A company controlled by Matrix Essentials co-founder Sydell Miller sold a vacant home lot in Palm Beach for $42 million.

The 1.71-acre property at 1440 S. Ocean Blvd. was sold by 1440 Holdings LLC, affiliated with Miller through her Ohio attorney Richard Armbruster, to the 1440 South Ocean Trust, with attorney Ronald Kochman as trustee. It’s not clear who owns the trust.

Miller’s company purchased the property for $10 million in 1999, so it more than quadrupled in value. It’s located along…

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