StratReal, which is asset manager of a $7-billion US real estateportfolio, in turn has retained CB Richard Ellis to assist theLondon-based firm with leasing and property management. As reportedon GlobeSt.com this week, Strategic Real EstateAdvisors acted as real estate investment adviser to theseller in the sale of Two Rodeo, which is home to Tiffany & Co.and other high-end retailers.

The buyer was represented by Steve Algermissen and Andrew Harperfrom Cushman & Wakefield's Southern California capital marketsgroup, along with Ashley Marrison from Cushman & Wakefield'sLondon office. The seller was also represented by Falcon RealEstate of San Diego.

Rolin tells GlobeSt.com that in the seven years StratReal hasbeen asset manager for the property, rents have climbed to therange of $550 to $575 per sf per year. "We saw a significant upwardmovement of the rents in the building beginning in 2004," Rolinsays, pointing out that rents had declined to about $125 per sf atTwo Rodeo after the tech industry slump and the Sept. 11 terroristattacks in 2001.