Rodeo Drive Retail Asset Breaks Pricing Records – GlobeSt.com
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A retail asset on the 300 block of North Rodeo Drive has sold for a record price tag. Located at 360 North Rodeo Drive, the property is home to Rolex, Patek Philippe, Ferrari and a former boutique hotel. The Harkham Family sold the property for $200 million, according to industry sources.
JLL senior managing director Marc Schillinger and EVP Houman Mahboubi represented the seller in the deal, while Jay Luchs of Newmark represented the buyer. The sale generated significant buyer demand from a global pool of qualified buyers, resulting in the record pricing.
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Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.
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