Sloan Capital buys Beverly Hills luxury retail center

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Sloan Capital has acquired a luxury retail property in Beverly Hills, Calif., in a deal valued at $275 million. The company purchased Two Rodeo Drive in Beverly Hills from Rodeo Owner Corp. Located at the corner of Rodeo Drive and Wilshire Boulevard, the property is a world-renowned luxury shopping, dining and lifestyle destination featuring 129,000 square feet of prime retail space. Tenants include Tiffany & Co., Versace, Jimmy Choo, Rene Caovilla, Damiani, Cole Haan, Jose Eber and other world-renowned fashion brands, as well as high-end restaurants and salon services. Cushman & Wakefield represented the buyer in the transaction, and Strategic Real Estate Advisors and Falcon Real Estate represented the seller. *** What's your opinion? Send your Letter to the Editor to