Richard Saghian, CEO of Fashion Nova, believes in investing in thriving submarkets like Beverly Hills, which has shown resilience through various economic cycles.
The purchase of a 175,000-square-foot office building outside Beverly Hills' Golden Triangle showcases Saghian's confidence in the local office market's potential.
Saghian emphasizes that traditional office spaces are transforming, yet buildings in desirable locations, like Beverly Hills, will continue to flourish.
The new headquarters offers a strategic location near employees and brand partners, coupled with limited availability of sizable buildings in the city.
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