The RealReal

commercialobserver | June 03, 2019

The RealReal will be relocating from Century City to Exposition Place 3317-3325 in the Exposition Place District of Los Angeles, according to a release from Newmark Knight Frank, which represented both parties in the transaction that closed last week. The luxury online consignment company will be pulling up stakes from 1901 Avenue of the Stars and occupying the entire 29,690-square-foot creative office conversion by September. The upcoming relocation is part of larger moves by the resale e...

retail | July 31, 2018

The RealReal on Tuesday opened its first West Coast concept store, a 12,000-square-foot location that includes a 1,500-square-foot vault of wall-to-wall luxury handbags and curbside consignment drop-off. The location also features a 5,500-square-foot men’s store that has a sneakerdome, watch bar and a suiting and tailoring area, and a cafe, according to a press release emailed to Retail Dive. As at the company’s permanent flagship in New York City’s Soho fashion district and it...

retaildive | July 26, 2018

The RealReal on Wednesday announced the closing of $115M in Series G financing, led by PWP Growth Equity, the middle market private equity group of Perella Weinberg Partners, with additional participation from new investor Sandbridge Capital and existing investor Great Hill Partners, according to a company press release.With this round, The RealReal has raised a total of $288 million. As part of the investment, PWP Growth Equity Co-Founder and Partner Chip Baird will join The RealReal's boar...

retaildive | January 24, 2019

The RealReal is in discussions with investment banks about launching an initial public offering later this year, according to Reuters, which cited unnamed sources.The upscale resale site has sent out requests for proposals to advisors and underwriters that might manage an IPO, Reuters reports.With the summer close of $115 million in Series G financing, The RealReal so far has raised a total of $288 million. The e-retailer declined to comment to Retail Dive on the Reuters report. Founded in 2011,...