Tagged : los-angeles-business-journal

Found 2 blog entries tagged as "los-angeles-business-journal".

In its third annual installment of “Who’s Brokering L.A.,” the Los Angeles Business Journal has honored several outstanding professionals from The Agency’s team for their positive impact on the city’s residential real estate community and local economy. According to LABJ, this list is comprised of “brokers who have the knowledge, skills and dedication to go the extra mile for their clients.” This year, LABJ has recognized The Agency’s Founder and CEO Mauricio Umansky, Co-Founder and President Billy Rose, and dynamic agents Santiago Arana, James Harris, David Parnes, Jon Grauman and Michelle Schwartz. 

“I think I speak for all of us when I say that this is a fantastic honor,” says Mauricio. “We all work as a team, but I am personally thrilled to see

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 seller, Beverly Hills real estate firm New Pacific Realty Corp., had quietly reached out to Arnault in early November, according to LABJ, and sought the high price because its prime location in the center of Rodeo Drive. New Pacific had purchased the property four years ago for $34.5 million.

With luxury brands performing strong globally, and considerably outpacing the broader market, sales of high-end