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Commercial Real Estate Advisor Newmark Grubb Knight Frank Lures Top Retail Expert Jay Luchs With Innovative Retail Platform

Stocks in this article: BGCP

LOS ANGELES, March 6, 2013 /PRNewswire/ -- The newest design for Jay Luchs isn't Chanel or Hermes, it's Newmark Grubb Knight Frank (NGKF). A leading national retail expert who specializes in serving the high-end fashion houses as well as the entertainment industry, Mr. Luchs is joining NGKF's burgeoning retail division under Neal Golden to cater to the firm's significantly growing roster of national and international retail clients. A bicoastal advisor, he will work closely with Jeffrey D. Roseman, who has spearheaded the retail group in New York and grown it to its No. 1 position.

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"Name any fashion house and bets are very good that Jay has had a hand in assisting that company," said Mr. Golden, the U.S. head of NGKF's Hospitality, Consumer and Retail Innovations group. "To say that he is well-connected is an understatement."

Mr. Luchs has been involved with some of the most prominent leasing and sales deals in Los Angeles in the last decade, and represents runway royalty: LVMH brands Celine, Louis Vuitton and Christian Dior, as well as Lanvin, Missoni, Isabel Marant and Bottega Veneta, among others. Just prior to joining NGKF, he negotiated the $85 million sale of 319-323 North Rodeo Drive in Beverly Hills to LVMH Moet Hennessy Louis Vuitton SA, representing both buyer and seller.

Mr. Luchs resume of representing the who's who of international fashion kicked off when he spotted a vacant corner space on Rodeo Drive and Santa Monica Blvd in 2003. The former Tommy Hilfiger store sat empty for three years on L.A.'s most prominent shopping boulevard. He went after the listing and was hired to sublease the space on behalf of Tommy Hilfiger, and quickly leased it to Brooks Brothers. Mr. Luchs has since come to dominate retail leasing in L.A.'s most highly sought after areas, whether its Rodeo Drive, the Melrose Avenue corridor, Brentwood or Malibu.

"That's how I got my start in representing fashion brands," he says now, looking back.

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