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.
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.
What’s interesting west of the 405?
A lot, if you’re interested in retail.
There’s the 40,000-square-foot Whole Foods lease, for instance, on Santa Monica Boulevard, and Target signing a lease three blocks from that.
It took a year spent in Florence, Italy after graduating from the University of California, Los Angeles to turn broker Justin Weiss onto the joys of urbanism.
Corporate Realty Associates (CRA) has joined Kennedy Wilson’s Property Services division to enhance the group’s corporate office tenant representation business. CRA’s four-person brokerage team, led by Jeremy Dee, will all relocate to Kennedy Wilson’s Beverly Hills, CA headquarters.
Beverly Hills-based Kennedy Wilson has absorbed Corporate Realty Associates, which brings the real estate investment company into the tenant rep game.
Kennedy Wilson Brokerage Group Executive Vice President Fred Córdova explains why potential tax reform is increasingly leading real estate borrowers to turn to recapitalization, across the product spectrum.
As San Diego’s residential prices go up, up, up, buyers are going farther out, out, out to find a bargain.