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Tuesday, November 8, 2016

The Real Deal: Sterling buys Beverly Hills storefront for $23.5M

 

The Real Deal's Gabrielle Paluch reports:

"The Sterling Organization has acquired a Beverly Hills property with 4,700 square feet of prime retail space for $23.5 million on behalf of its institutional fund, The Real Deal has learned.

The sale price equates to $5,000 per square foot, a high price for the street but still less than half the record $13,217 a foot paid by Chanel for its $152 million Rodeo Drive store last year."

Read the entire article online by clicking here: TheRealDeal.com/LA.