East Hampton, with its lavish oceanfront estates and illustriousresidents, is at the top of real estate records in the UnitedStates with a home just selling at the highest price ever paid fora residential property, according to a statement.
Mike Hiles, a spokesman for Ross Hilton Kemper tells GlobeSt.comthat, "Kemper's first objective is to invest in the top tierlocations within the best cities of North America and Europe. Hisnext criteria, is to seek properties that are occupied by luxurybrand retailers."
This acquisition will join a significant and growing portfolioof real estate investments by Kemper. A portion of his assemblageincludes a building on San Francisco's Stockton Street in thecenter of the city's Union Square shopping district, and over50,000 sf of retail space in Chicago's landmark Palmolive Building,located along the renowned North Michigan Avenue shopping districtprominently known as the Magnificent Mile.
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