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.
"Rates on Abbot Kinney are not that far off from those of Melrose Place and Third Street Promenade, which range from $15 to $20 a square foot. Rents have been high on those other streets,” Deschaine said.
“The seller has owned the property for the last 15 years, and the family decided to focus on their primary business,” Ed Sachse, executive managing director of the brokerage group at Kennedy Wilson, tells GlobeSt.com. “I don’t believe that this indicates any type of broader trend.
The sale was negotiated for an undisclosed amount by Ed Sachse—executive managing director of global real estate investment and services firm Kennedy Wilson—and the buyer is international retail real estate investor, CormackHill, LP.
Social media is having a huge part in this. It is allowing these companies to advertise to the masses in a very convenient and inexpensive way. You find these cult followings.
A $37.5 million deal last month for a pair of decades-old buildings showcased investors' healthy interest in Pasadena's medical office market.
Looking for a healthy and tasty food joint in Venice? Look no further, because Yellow Fever is coming to 2570 Lincoln Blvd. in the Plaza Marina shopping center. Yellow Fever dishes up Asian-inspired customizable bowls with non-GMO, locally grown ingredients.