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456 N. Rodeo Dr.

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LVMH Buys Rodeo Drive Retail Space for $110M

Seller makes $55 million profit on property after one day

LVMH Moet Hennessy Louis Vuitton Inc. purchased a two-story, 6,200-square-foot retail property at 456 N. Rodeo Drive in Beverly Hills for $110 million – or nearly $17,750 per square foot – from Palm Beach, Fla.-based private equity group Sterling Organization, which had acquired the property for $55 million one day earlier.

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