One Cole Group's acquisition of two retail buildings in Beverly Hills for $39.2 million highlights the area's appeal, driven by limited availability and high demand in prime retail locations.
Many properties throughout Beverly Hills' Golden Triangle have been owned by families for generations because of their timeless appeal and irreplaceable location, making this a challenging market to access.
The buildings, fully leased to prominent fashion brands and a German bookstore, reflect Beverly Hills' position as a highly sought-after retail destination, anchored by the famous Rodeo Drive.
Recent high-profile acquisitions in the area, such as Fashion Nova's $118 million purchase for a new headquarters, emphasize the investment potential and ongoing interest in Beverly Hills real estate.
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