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Lao Feng Xiang Jewelry to Fifth Avenue in NYC
New York — Lao Feng Xiang Jewelry has signed a long-term lease for its first North American retail store and showroom at 585 Fifth Avenue in New York City. Slated to open in the fall of 2014, the 6,100-sq.-ft. flagship store will feature three floors plus a basement. The jeweler has more than 2,300 sales outlets around the world.
Winick Realty Group represented the owner, TSW 33 Realty Corp. in the transaction, achieving a record rent that edged close to the record asking price of $2.25 million per year. CBRE represented Lao Feng Xiang. -
CVSL appoints VP finance and controller
CVSL is a growing group of micro-enterprise companies that connect social media networks into an ever-expanding virtual community of social commerce, and it has just named Richard Holt as VP of finance and controller.
Holt has for the past two and a half years served as CFO at Agel Enterprises, which became part of CVSL last September. He previously spent five years as corporate controller for Raser Technologies in Provo, Utah. During a previous stint at Agel, he was instrumental in the early stages of that company's development.