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Manhattan apartment sales rose 29% in the first quarter, and the total value of apartment sales in the city reached $5.7 billion, up 56%.

Ferrari produces all of its cars at its Maranello factory. Last year, the company produced 13,752 cars.

Related said the high end of the real estate market remains strong, especially in Florida.

Shares of Kering plunged on Friday after the firm announced that Demna Gvasalia would take the reigns as new artistic director of its ailing Gucci fashion line.