Beverly Hills Center sold.The owners of Two Rodeo rodeo (rō`dēō, rōdā`ō), public exhibition of the skill of cowboys in various activities. Events include riding broncos, riding steers, "bulldogging" steers, roping and tying steers and calves, the use of the lasso, and -- a Beverly Hills Beverly Hills, city (1990 pop. 31,971), Los Angeles co., S Calif., completely surrounded by the city of Los Angeles; inc. 1914. The largely residential city is home to many motion-picture and television personalities. shopping center shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into that is home to Tiffany Tiffany, Tiffanie (UK) a semi-longhaired version of the Burmese cat. It has a fine, silky coat in many colors. , Cartier and other luxury retailers -- have sold the complex to a Eurpean family trust for $131 million. Despite the sharp rebound In Westside real estate values since the 1990s recession, the sale of Two Rodeo represents a $70 million loss for partners Kowa Real Estate Investment Co. and Sogo Co. The companies join the long and growing list of Japanese investors who were burned after a shopping spree in U.S. real estate markets during the late 1980s and early 1990s. Sogo, a major Japanese retailer saddled with billions of dollars in debt, filed for bankruptcy protection in Japan earlier this year. London-based Strategic Real Estate Advisors represented the buyers of Two Rodeo, whose names were not disclosed. The new owners are expected to benefit from the substantial increases in Beverly Hills retail rents since Two Rodeo opened about a decade ago. |
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