Kennedy Wilson Expands Service Business

Auction Group Hires Senior Business Development Executive in Hawaii

BEVERLY HILLS (January 11, 2010) Kennedy Wilson Auction Group a division of the international real estate services and investment firm Kennedy Wilson, (NYSE Amex: KWIC) announced today that Joel LaPinta has been named Vice President, Business Development. Joel is joining the group’s rapidly growing business development team nationwide.

“We are very pleased that Joel decided to join our growing team,” said Rhett Winchell, president of the Auction Group.  With 26 years of experience as a broker and advisor in the sale of over $175,000,000 in developable land in Hawaii, Joel LaPinta will be focusing on business development for the Kennedy Wilson Auction Group in Hawaii. He has expertise in land use law, title issues, practices and principles of Hawaiian real estate, local cultural practices, permitting and entitlement processes, site analysis, financing and capital structures for both development and investment projects.

“Joel brings a high level of market expertise and experience to our group”, said Winchell. “His long standing relationships with sellers of real estate will prove to be a valuable asset for our group,” continued Winchell.

“I am extremely pleased to join the Kennedy Wilson team, and to have the opportunity to help grow the company’s real estate auction division in Hawaii”, said LaPinta. “The Auction Group is currently expanding its reach and I look forward to the opportunity to be part of that dynamic team,” continued LaPinta. 

LaPinta graduated with a Bachelor of Arts from St. John’s College in Santa Fe New Mexico and holds a CCIM designation.

Founded in 1977, Kennedy Wilson is a real estate services and investment firm headquartered in Beverly Hills, CA, with 21 offices throughout the U.S. and Japan. It seeks opportunities in partnership with clients in pursuit of above-market investor returns and higher real estate values. Kennedy Wilson Auction Group has been a leading force in the auction industry since 1977. Since inception, the Kennedy Wilson Auction Group has conducted many successful auctions of condominiums, single-family homes as well as commercial real estate throughout the United States, Europe and Asia. It conducts ballroom style, site-to-site, and on-line auctions for all types of real estate. Click   www.kwiauctions.com, www.bidkw.com or www.kennedywilson.com for further information.

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