(ICE) - ROMA, 16 APR -

LVMH Moet hennessy Louis Vuitton Inc. purchased a two-story, 6200 square foot retail property at 456 N. Rodeo Drive in Beverly Hills for $110 million or nearly $17,750 per square foot from Sterling Organization.  

The purchase finalizes investment partnerships for foreign companies in the Southern California retail market and opens the doors to other investors.