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.
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.
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.
Oceanwide Plaza, a $1-billion mixed-use project in the South Park neighborhood, is underway.
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.
"The commercial real estate market has reached an interesting point in the cycle. Supply is not matching demand in many markets, driving up pricing and reducing much of the limited amount of inventory available.
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.
Global real estate investment and services firm Kennedy Wilson represented Jersey Mike’s Subs, a fast-casual sandwich chain with locations nationwide, on three lease transactions in 2015 throughout the Greater Los Angeles area.
"Once completed, Oceanwide Plaza will have a strong local identity as well as global appeal.