Originally published on February 2, 2016 - Excerpt
Originally published on January 25, 2016 - Excerpt
The panel discussing the project was moderated by South Park BID executive director Jessica Lall, and included some of the project's key players: Kennedy Wilson executive managing director Ed Sachse; Kennedy Wilson senior associate Justin Weiss; RTKL senior associate VP Mark Nay; and RTKL SVP Daun St. Amand.
Originally published on December 22, 2015 - Excerpt
This may be the season for giving, but for Kennedy Wilson SVP Christine Deschaine, the spirit of giving never takes a holiday. Besides volunteering with local organizations throughout the year, she's applying her commercial brokerage expertise toward community development in Africa. Since 2009, Christine has made annual trips to the village of Kihura in Uganda, as part of a team of professionals formed through a company out of Tennessee, African Leadership. "Everyone has an expertise on the team," she notes, including teachers, physicians and lawyers. Working with local community leaders, the team strives to end extreme poverty through the creation of local businesses. Here's where Christine's skills as a retail broker really shine (though normally she plies her profession in urban areas such as Burbank, Santa Monica and Culver City). In Kihura, her job is to see what businesses could thrive in certain markets and where to locate them, whether it's selling coffee and doughnuts or wedding gowns. "Being in commercial real estate, you understand what might work and what might not work based on the population."
Originally published on November 11, 2015 - Excerpt
Density is coming to Los Angeles. The once sprawling city is seeing vertical development and mixed-use complexes that other cities have had for years. In response, retailers are opening up multiple locations in a single submarket to increase market share and control the path of travel. Many of these stores are less than a mile apart from each other and are fully stocked and fully operational outlets. It is a trend Lee Shapiro, EVP of brokerage at Kennedy Wilson is seeing more and more. He says that clients are frequently asking for second or third locations in a submarket where they already have a presence. To find out more, we sat down with him for an exclusive interview. Here he tells us about this new retail strategy.
Originally published on October 9, 2015 - Excerpt
Silicon Valley-based Stratford School is set to open its first Los Angeles facility following the acquisition of a 1.2-acre campus in Hollywood. Senior Vice President Christine Deschaine and Executive Vice President Fred Cordova of Kennedy Wilson's brokerage division arranged the sale on behalf of the seller, Tekeyan Cultural Association.
Originally published on June 5, 2015 - Excerpt
Oceanwide Plaza, a $1-billion mixed-use project in the South Park neighborhood, is underway. Part of the project includes 166,000 square feet of retail, which is being leased up by Ed Sachse, executive managing director of Kennedy Wilson, who was also a speaker at Connect Los Angeles, and his team.
Originally published on June 5, 2015 - Excerpt
There is a lot of talk about the Millennial generation now that it has entered the workforce in a big way. We heard a lot about that recently at Connect Los Angeles, the debut event for Connect Conferences, and they are influencing every facet of the industry.
Originally published on May 1, 2015 - Excerpt
US Bank engaged Kennedy Wilson to analyze over 70 sites in California to address locations that were oversized or underutilized. Kennedy Wilson identified the property at the corner of Brookhurst and Adams in Huntington Beach. Ed Sachse, executive managing director of Kennedy Wilson’s Brokerage Group, structured a sale lease-back of the 24,000 SF shopping center, where US Bank entered into a long term lease back for a 4,500 SF bank branch to maintain its customer base in community.
Originally published on June 12, 2015 - Excerpt
“The restaurant experience is changing quite dramatically from a retail perspective and as a shopping experience,” Michael Pakravan, VP of Kennedy Wilson’s brokerage group tells GlobeSt.com. “Today, restaurants are the anchor tenants and people are going to retail destinations specifically for restaurants, whether that is a fast-casual experience or a sit down experience. Overall, people eat out a lot more. It used to be that you would eat out two to three meals a week, but millennials are now eating out two to three meals a day. When planning a shopping center or a mixed-use development, it is important to have both the fast-casual and the sit down restaurants to cater to different needs.” Pakravan represented Jersey Mike’s Subs in the lease transactions.
Originally published on June 1, 2015 - Excerpt
Beijing developer Oceanwide Real Estate Group broke ground in April on Oceanwide Plaza, a $1 billion mixed-use megadevelopment in downtown L.A.'s South Park neighborhood, across from Staples Center. The developer has tapped Beverly Hills real estate services firm Kennedy Wilson to lease the 166,000-square-foot retail portion of the 1.5 million-square-foot project on a 4.6-acre site at 11th and Figueroa streets.