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.
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