6 hours ago // Los Angeles Times
Bijan property on Rodeo Drive sells for $19,000 a square foot
The demand for $5,000 handbags and $25,000 suits is slipping amid global turmoil. But enthusiasm for real estateon Rodeo Drive, where such high-end goods are sold, isnt hurting. Instead its setting records. The parent company of Louis Vuitton recently paid $122 million, or $19,405 a square foot,...