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456 N. Rodeo Drive Value Doubles In One Day Turnaround

Posted Thursday, March 29, 2018 – 6:40 PM

By Victoria Talbot

In one day the property at 456 N. Rodeo Drive doubled from $55 million to $110 million.

Paris-based LVMH Moet Hennessy Louis Vuitton Inc. purchased the property from Florida-based private equity group Sterling Organization. They had acquired it one day earlier for $55 million, making a $55 million profit in one day on the 6,200 square-foot location.

For full story see the print edition of The Beverly Hills Courier, or download the e-edition.

http://bhcourier.com/?p=221214

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