Hermès to open 4,800 sf Soho store

Luxury retailer Hermès is close to signing a lease for a 4,800-square-foot Soho store. The French luxury accessories company is close to inking a deal at Thor Equities and Premier Equities’ 63 Greene Street, Women’s Wear Daily reported. Hermès will reportedly lease the space initially for one year, as tenants still wary of high retail[…]

Mexican real estate investors focus on SoFla amid heated presidential race

In the last two months, Diego Arnaud of Aventura-based DA Luxury Realty has spotted a noticeable increase in sales activity among his clients from Mexico, who account for nearly all of his business. Several have just purchased multimillion-dollar units at the Ritz-Carlton Residences in Sunny Isles Beach and at Prive at Island Estates in Aventura,[…]

If you can’t beat ’em: Barry Sternlicht invests in Airbnb-like short-term rental company

A venture capital group, including hotelier Barry Sternlicht, invested in a San Francisco-based company that works with developers who set aside blocks of apartments for short-term rentals. The group, which also included Fifth Wall Ventures and New Enterprise Associates, made a $15.5 million Series A equity investment in AJJK Inc., the Wall Street Journal reported.[…]