Kennedy Wilson is a leader in the leasing and sales of commercial and multifamily property, representing tenants and landlords on every aspect of site selection, negotiation and occupancy. We also specialize in innovative marketing programs tailored to client objectives for all types of investment grade and income producing real estate. Our property marketing programs combine proven techniques with our detailed market knowledge to create optimum results.
2905 Exposition Place sits in the heart of a development mini-boom that plans indicate could result in the construction of over 2,000 new residential units within less than a mile. The property is also part of a dense trade area which serves approximately 439,000 people within three-mile radius. With an increasingly large market demand for housing, proximity to transit and retail, and a strong indication for investment upside, the sale of 2905 Exposition Place presented a prime example of an urban redevelopment opportunity.
The Kennedy Wilson team was engaged in 2012 to dispose of a 5-acre, infill, mixed-use redevelopment property in East Hollywood that had stalled during the 2008 recession. The sale involved managing a complicated partnership, entitlement issues, retail merchandising, and market forecasting to drive pricing. Kennedy Wilson was able to effectively communicate the vision and potential for the site, and in 2015 closed the deal with CIM Group, an accomplished urban developer. After the closing, CIM hired Kennedy Wilson’s retail team to lease the 370,000 SF of commercial space on-site.
In less than 120 days, the company generated multiple offers from national credit tenants including sporting goods, markets, drugstores and home accessories retailers. Walgreens took the space, opening the first “flagship” concept in Los Angeles, which includes high-end skincare/cosmetics, fresh sushi, a coffee/juice/smoothie bar, prepared foods and grocery. The rental rate achieved by Kennedy Wilson set a new standard for large box space in mixed-use projects in the area.
In September 2014, Kennedy Wilson presented a value analysis of Seabridge Marina Center, a 64,000 square-foot, waterfront retail property located in Oxnard, California. Anticipating an REO transaction, the lender engaged Kennedy Wilson to dispose of the asset. Kennedy Wilson prepared all marketing and due diligence materials in advance of the foreclosure and executed a successful go-to-market strategy.
Commercial real estate agent Kyle Fishburn has joined Beverly Hills-based real estate company Kennedy Wilson Property Services as a senior associate in the Los Angeles office of the brokerage division.
The young woman's name was Gorret. No one really knew how old she was. In Uganda, Gorret is a common name and she grew up as an orphan.
In an exclusive podcast interview, Kennedy Wilson VP of Brokerage Justin Weiss outlines the unique factors that have accelerated mixed-use development in downtown Los Angeles and describes what to expect as the submarket's boom continues.
Justin Weiss has a unique way of doing business — or, some might say, not doing business.
Shopify, an online marketplace that sells products ranging from Kylie Cosmetics to Budweiser beer, has opened its first brick-and-mortar shop in Downtown Los Angeles. But don’t expect there to be any of Shopify’s online products on display.
Retail Experts and Stakeholders Expect Announcement of Store Will Lead to a New Wave of Investment