Billionaire Bernard Arnault, CEO of LVMH Moet Hennessy Louis Vuitton SA, has purchased the 7,100-square-foot building at 319-323 N. Rodeo Drive for $85 million. Arnault paid $11,971 a square foot in an all-cash deal, which, according to the Los Angeles Business Journal, is believed to be a record price on a square-foot basis in Los Angeles County. The… Read more