Post Profile

Buyer drops $15.6 million on Third Street Promenade Tesla Store

That’s more than $5,000 per square foot! Tesla has a new landlord for its storefront on the Third Street Promenade—one that paid a quite a bit for that title. As the LA Business Journal reports, the high-tech automaker’s 3,000-square-foot store in the popular shopping complex was recently purchased by a company called KLM Equities Inc. for a cool $15.6 million. If you’re wondering, that amounts to just about $5,200 per square foot and is roughly equivalent to the price of 153 Teslas.
read more


Related Posts

Forbes Might Unload Its HQ For $55 Million

Business & Finance : Business Insider: Money Game

Forbes is close to selling its headquarters for $55 million, or $380 a square foot, the NY Post reports. Just two years ago, when the world was quite different, Forbes wanted to sell the building for $140 million, or $1,000 per squa...

You Know What's Really Magical And Revolutionary? The Apple Store.

Technology : Tech -

Apple Stores pull in about $5,000 per square foot in revenue per year, nearly double Tiffany’s roughly $2,700 per square foot. Here's why.

Reports: MAC Considering Renting Fifth Avenue Retail Space That Costs $3K Per Square Foot

Lifestyle / Fashion : The Cut

MAC cosmetics is said to be in discussion with a commercial landlord for a store space on Fifth Avenue, with an asking price of more than $3,000 per square foot. At roughly 1,400 square feet, the location at 691 Fifth (currently hou...

Retail Watch: The San Francisco Business Times got...

Business & Finance / Real Estate : Curbed SF

The San Francisco Business Times got a sneak peek of the new Levi's store on Market Street, which opens for business on Thursday. The 22,000 square foot has 7,000 square feet of retail space. It's "more open and infused with...

The Numbers: New Construction Costs Over $1,000 Per Square Foot in S.F.

Business & Finance / Real Estate : Curbed SF

We all knew that San Francisco's real estate market was a bad scene for buyers last year. But just how much did things change in 12 months? The Mark Company reports that the average price per square foot for new...


Copyright © 2016 Regator, LLC