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.
One sure sign that Downtown Los Angeles is becoming an international urban core: national tenants are showing up to the party.
Throughout his 32-year career, Fred Cordova has purchased, sold, financed, developed and leased more than 6.5 billion square feet of real estate.
Restaurants are the new black — black ink, that is.
As more and more shopping centers see red, restaurants are helping them stay on the right side of the ledger.
Culver City is about to explode.
USC has added a medical office building to its immense real estate portfolio, purchasing the 150,000-square-foot site on the USC Health Sciences Campus where it had leased space from owner Doheny Eye Institute, a nonprofit affiliated with rival school UCLA.
The Real Deal: There must be pressure to deliver a project of this magnitude on time. What were the first steps towards getting it off the ground?