Kennedy Wilson Reports First Quarter 2013 Earnings
May 07, 2013| Adjusted EBITDA increases 66% from same period of last year
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--May. 7, 2013--
Kennedy-Wilson Holdings, Inc. (NYSE: KW), an international real
estate investment and services company, today reported a first quarter
2013 Adjusted EBITDA of $31.9 million, a 66% increase from $19.2 million
for the same period in 2012. Adjusted EBITDA consists of the Company's
earnings before interest, taxes, depreciation, amortization... |
|
 |
Kennedy Wilson and Partner Acquire Class A Office Buildings in Northern California
May 02, 2013| BEVERLY HILLS, Calif.--(BUSINESS WIRE)--May. 2, 2013--
International real estate investment and services firm Kennedy
Wilson (NYSE: KW) today announced the acquisition of The
Pointe at Redwood Shores, two Class A, two-story office buildings
totaling 89,455 rentable square feet, located in Redwood City,
California. The company and its partner purchased the property for
approximately $22 million, all cash. Kennedy Wilson invested $11 million
of equi... |
|
|
Kennedy Wilson Purchases 450-Unit Apartment Community in Salt Lake City
May 01, 2013| Company's investments in Greater Salt Lake City now total $139
million, including 816 multifamily units and more than 325,000 sf of
retail
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--May. 1, 2013--
International real estate investment and services firm Kennedy
Wilson (NYSE: KW) today announced the acquisition of Foothill
Place, a 450-unit apartment community in Salt Lake City, Utah. The
acquisition brings the company’s total investment in ... |
|
|
Kennedy Wilson to Announce First Quarter 2013 Earnings
May 01, 2013| Kennedy-Wilson Holdings, Inc. to hold conference call and webcast to
discuss first quarter financial results
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--May. 1, 2013--
International real estate investment and services firm Kennedy-Wilson
Holdings, Inc. (NYSE: KW) will release its first quarter 2013
financial results on Tuesday, May 7, 2013 after the market closes. The
company will hold a live conference call and webcast to discuss results
at 7:00 ... |
|
|
Kennedy Wilson and Partners Acquire 188-Unit Apartment Community in Northern California for $34M
April 16, 2013| BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Apr. 16, 2013--
International real estate investment and services firm Kennedy
Wilson (NYSE: KW) today announced the acquisition of
Montelena Apartments, a 188-unit multifamily community in Hayward, CA,
from a private investment group. The company and its investment partners
purchased the property for $34 million, investing $11 million of equity
in the transaction (including $6 million from Kennedy Wilson) and
... |
|
|
Kennedy Wilson and Partners Close Two Multifamily Financings in Japan for a Total of $122M at Average Rate of 1.35%
March 26, 2013| $115 million financing is fixed for seven years, $7 million financing
is fixed for five years
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Mar. 26, 2013--
International real estate investment and services firm Kennedy
Wilson (NYSE: KW) today announced that KW Residential, LLC,
the company’s unconsolidated Japanese venture, refinanced part of its
multifamily portfolio with a $115 million seven-year fixed-rate loan at
1.35%.
“We are ve... |
|
|
Kennedy Wilson Announces Pricing of Common Stock Offering
March 14, 2013| BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Mar. 14, 2013--
International real estate investment and services firm, Kennedy-Wilson
Holdings, Inc. (NYSE: KW) (“Kennedy Wilson” or the “Company”) today
announced the pricing of its underwritten public offering of 9,000,000
shares of its common stock at a public offering price of $15.70 per
share. The Company expects the net proceeds from the offering to be
approximately $133.8 million, after deducting underw... |
|
|
Kennedy Wilson Reports Fourth Quarter and Full Year 2012 Earnings
March 12, 2013|
Adjusted EBITDA for FY 2012 grows by 41% to $100.3 million;
Company
increases dividend by 40% to $0.07 per common share for first quarter
2013
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Mar. 12, 2013--
Kennedy-Wilson Holdings, Inc. (NYSE: KW) ("Kennedy
Wilson," "we," "us," "our," or the "Company"), an international real
estate investment and services company, today reported a fourth quarter
2012 net income attributable to common ... |
|
|
Kennedy Wilson Announces Dividend of $0.07 Per Common Share for First Quarter 2013
March 12, 2013| BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Mar. 12, 2013--
International real estate investment and services firm Kennedy
Wilson (NYSE: KW) today announced that the company will pay a
dividend of $0.07 per share to common shareholders of record as of March
22, 2013 with a payment date of April 2, 2013. The quarterly payment
equates to an annual dividend of $0.28 per common share.
About Kennedy Wilson
Founded in 1977, Kennedy Wilso... |
|
|
Kennedy Wilson Announces Offering of Common Stock
March 12, 2013| BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Mar. 12, 2013--
International real estate investment and services firm, Kennedy-Wilson
Holdings, Inc. (NYSE: KW) (“Kennedy Wilson” or the “Company”) today
announced that it plans to sell 9,000,000 shares of its common stock in
an underwritten public offering. The Company also plans to grant the
underwriters a 30-day option to purchase up to 1,350,000 additional
shares. BofA Merrill Lynch, Deutsche Bank Securiti... |
|
|
Kennedy Wilson to Announce Fourth Quarter and Full Year 2012 Earnings
February 13, 2013|
Kennedy-Wilson Holdings, Inc. to hold conference call and webcast to
discuss fourth quarter and full year financial results
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Feb. 13, 2013--
International real estate investment and services firm Kennedy-Wilson
Holdings, Inc. (NYSE: KW) will release its fourth quarter and
full year 2012 financial results on Tuesday, March 12, 2013 after the
market closes. The company will hold a live conference call and ... |
|
|
Kennedy Wilson and Partner Acquire Real Estate Portfolio of 29 UK Assets for £63M
January 17, 2013| BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Jan. 17, 2013--
International real estate investment and services firm Kennedy
Wilson (NYSE: KW) today announced that the company and one of
its investment partners acquired a portfolio of 29 U.K. real estate
assets for approximately £63 million ($101 million) out of a CMBS pool
of assets. Kennedy Wilson invested $21 million of equity in the
transaction. The properties were purchased on an all cash basis.
... |
|
|
Kennedy Wilson Completes Financing and Sale of Multifamily Properties in Bay Area
January 03, 2013|
Company and partners finance Summer House Apartments, sell Rutherford
Townhomes
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Jan. 3, 2013--
International real estate investment and services firm Kennedy
Wilson (NYSE: KW) today announced that it added a
supplemental loan to the existing financing on Summer House Apartments,
a 615-unit multifamily community that it acquired with one of its
investment partners in 2010. On December 31, 2012, th... |
|
|
Kennedy Wilson and Partners Complete $2.9B of Acquisitions in 2012 for a Total of $8.0B of Acquisitions Since 2010
December 28, 2012|
Final 2012 purchases include three Los Angeles area office properties
bought for $78.5 million
Approximately two-thirds of UK loan pool acquired in December 2011
resolved
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Dec. 28, 2012--
International real estate investment and services firm Kennedy
Wilson (NYSE: KW) today announced that the company and its
partners acquired three office buildings in the Los Angeles area for a
tota... |
|
|
Kennedy Wilson and Partner Acquire Loan Secured by Prime Office Building in Dublin
December 20, 2012|
Company completes $1.4 billion of acquisitions in Europe this year,
including $900 million of acquisitions during the fourth quarter
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Dec. 20, 2012--
International real estate investment and services firm Kennedy
Wilson (NYSE: KW) today announced that the company and one of
its investment partners acquired a loan with an unpaid principal balance
of €120 million. The loan is secured by an office building ... |
|
|
Kennedy Wilson and Partners Acquire The Ritz-Carlton, Lake Tahoe and The Ritz-Carlton Residences, Lake Tahoe
December 18, 2012|
Company to begin sale of residential units in January
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Dec. 18, 2012--
International real estate investment and services firm Kennedy
Wilson (NYSE: KW) today announced that the company and its
partners acquired The Ritz-Carlton, Lake Tahoe and The Ritz-Carlton
Residences, Lake Tahoe from the property’s lenders. Pacific Western Bank
provided $45 million of financing. The company invested $18 million of
... |
|
|
Kennedy Wilson Adds 217-Unit Multifamily Community in Renton, WA to Portfolio
December 14, 2012|
Company purchases Harrington Square for $41M
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Dec. 14, 2012--
International real estate investment and services firm Kennedy
Wilson (NYSE:KW) today announced the acquisition of
Harrington Square, a 217-unit multifamily community in Renton,
Washington. The company purchased the property for $41 million,
investing $15 million of equity in the transaction with Fannie Mae
providing $26 million of fina... |
|
|
Kennedy Wilson Announces Offering of Additional $75 Million 8.750% Senior Notes Due 2019
December 03, 2012| BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Dec. 3, 2012--
Kennedy-Wilson, Inc. ("Kennedy Wilson"), a wholly owned subsidiary of
international real estate investment and services firm Kennedy-Wilson
Holdings, Inc. (NYSE:KW), today announced that it intends to
offer, subject to market conditions and other factors, an additional $75
million of its 8.750% Notes due 2019 (the "Additional Notes"). The
Additional Notes will be Kennedy Wilson’s senior unsecured... |
|
|
Kennedy Wilson Announces Pricing of Additional $100.0 Million Senior Notes
December 03, 2012| BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Dec. 3, 2012--
Kennedy-Wilson, Inc. ("Kennedy Wilson"), a wholly owned subsidiary of
international real estate investment and services firm Kennedy-Wilson
Holdings, Inc. (NYSE:KW), today announced that it priced its
previously announced offering of its 8.750% senior notes due 2019 (the
"Additional Notes") at an offering price of 105.250% of their principal
amount, plus accrued and unpaid interest from October 1... |
|
|
Kennedy Wilson Acquires 366-Unit Multifamily Community in Salt Lake City, Utah for $43.5M
November 30, 2012| BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Nov. 30, 2012--
International real estate investment and services firm Kennedy
Wilson (NYSE: KW) today announced the acquisition of
Sandpiper Apartments, a 366-unit multifamily community in Holladay, a
suburb of Salt Lake City, Utah. The company purchased the property for
$43.5 million, investing $12 million of equity in the transaction and
assuming approximately $31.5 million of financing with Centerline
... |
|
|
Kennedy Wilson and Partner Acquire Sandford Lodge, 119-Unit Luxury Apartment Community in Dublin, Ireland
November 29, 2012| BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Nov. 29, 2012--
International real estate investment and services firm Kennedy
Wilson (NYSE: KW) today announced that the company and one of
its investment partners acquired Sandford Lodge, a 119-unit luxury
residential apartment community in Dublin, Ireland. The purchase price
was €27 million, and Kennedy Wilson invested 50% of the equity in the
all cash transaction. Savills advised the seller in the deal. Thi... |
|
|
Kennedy Wilson Announces Dividend of $0.05 Per Common Share for Fourth Quarter 2012
November 29, 2012| BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Nov. 29, 2012--
International real estate investment and services firm Kennedy
Wilson (NYSE: KW) today announced that the company will pay a
dividend of $0.05 per share to common shareholders of record as of
December 14, 2012 with a payment date of December 28, 2012. The
quarterly payment equates to an annual dividend of $0.20 per common
share.
About Kennedy Wilson
Founded in 1977,... |
|
|
Kennedy Wilson Acquires North Hollywood Office Building for $48M
November 16, 2012|
Company and partners also complete $63.5 million financing of
Thousand Oaks office building
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Nov. 16, 2012--
International real estate investment and services firm Kennedy
Wilson (NYSE: KW) today announced that the company acquired
The Academy Tower, located at 5200 Lankershim Blvd. in North Hollywood,
California, for $48 million. Bank of America Merrill Lynch provided $29
million of finan... |
|
|
Kennedy Wilson Reports Third Quarter 2012 Earnings
November 05, 2012|
Adjusted EBITDA increases by 94% from same period last year
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Nov. 5, 2012--
Kennedy-Wilson Holdings, Inc. (NYSE: KW)
(“Kennedy Wilson”, "we," "us," "our," or the “Company”), an
international real estate investment and services company, today
reported a third quarter 2012 net loss attributable to common
shareholders of $6.2 million (or $0.11 per basic and diluted share)
compared to a net loss attri... |
|
|
Kennedy Wilson Purchases 178-Unit Apartment Building in Oakland, CA
October 31, 2012| BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Oct. 31, 2012--
International real estate investment and services firm Kennedy
Wilson (NYSE: KW) today announced that the company acquired
Regency Tower Apartments, a 178-unit apartment building in Oakland, CA,
for $31 million. Fannie Mae provided a $23.5 million loan at LIBOR +
2.07% for ten years. The company invested approximately $8.8 million of
equity in the transaction and plans to apply the excess funds ... |
|
|
Kennedy Wilson to Announce Third Quarter 2012 Earnings
October 30, 2012|
Kennedy-Wilson Holdings, Inc. to Hold Conference Call and Webcast to
Discuss Third Quarter Financial Results
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Oct. 30, 2012--
International real estate investment and services firm Kennedy-Wilson
Holdings, Inc. (NYSE: KW) will release its third quarter 2012
financial results on Monday, November 5, 2012 after the market closes.
The company will hold a live conference call and webcast to discuss
... |
|
|
Kennedy Wilson Announces Dividend of $0.05 Per Common Share for Third Quarter 2012
September 14, 2012| BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Sep. 14, 2012--
International real estate investment and services firm Kennedy
Wilson (NYSE: KW) today announced that the company will pay a
dividend of $0.05 per share to common shareholders of record as of
September 28, 2012 with a payment date of October 4, 2012. The quarterly
payment equates to an annual dividend of $0.20 per common share.
About Kennedy Wilson
Founded in 1977, Kennedy... |
|
|
Kennedy Wilson and Partners Acquire Three Retail Properties Totaling 339,000 Sq. Ft.
September 12, 2012| BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Sep. 12, 2012--
International real estate investment and services firm Kennedy
Wilson (NYSE: KW) today announced that the company and its
partners acquired a 209,329 square foot multi-tenant retail center in
Orem, Utah. This investment follows two recent retail real estate
purchases by the company and its investment partners, including 15,118
square feet of retail and office space in Malibu, California and a
... |
|
|
Kennedy Wilson and Partner Acquire 160-Unit Multifamily Community in Long Beach
September 07, 2012| BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Sep. 7, 2012--
International real estate investment and services firm Kennedy
Wilson (NYSE: KW) today announced that the company and one of
its investment partners acquired Archstone Long Beach Harbor, a 160-unit
multifamily community in Long Beach, CA, for $33.5 million. Fannie Mae
provided $26.8 million in financing at 3.665%, fixed for ten years. The
company invested approximately $800,000 of equity in the t... |
|
|
Kennedy Wilson and Partners Acquire Class A Office Building in Dublin, Ireland
August 16, 2012| BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Aug. 16, 2012--
International real estate investment and services firm Kennedy
Wilson today announced the acquisition of Brooklawn House, a Dublin
office property, for €15 million ($19 million). Kennedy Wilson’s
ownership equals 50%, and the property is being acquired with no debt
financing.
“We are very pleased to have closed our first office acquisition in the
Dublin market,” said Peter Collins... |
|
|
CORRECTING and REPLACING Kennedy Wilson and Deutsche Bank Acquire
EUR361M ($449M) Irish Loan Portfolio
August 14, 2012| BEVERLY HILLS, Calif., Aug 14, 2012 (BUSINESS WIRE) --Dollar figure in headline and first graph, first sentence should
read: $449 million (sted $567 million).
The corrected release reads:
KENNEDY WILSON AND DEUTSCHE BANK ACQUIRE EUR361M ($449M) IRISH LOAN
PORTFOLIO
International real estate investment and services firm Kennedy
Wilson (NYSE: KW) today announced that the company and its
partner, the European Commercial Real Estate Group of Deutsche Bank AG,... |
|
|
CORRECTING and REPLACING Kennedy Wilson and Deutsche Bank Acquire €361M ($449M) Irish Loan Portfolio
August 14, 2012| BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Aug. 14, 2012--
Dollar figure in headline and first graph, first sentence should
read: $449 million (sted $567 million).
The corrected release reads:
KENNEDY WILSON AND DEUTSCHE BANK ACQUIRE €361M ($449M) IRISH LOAN
PORTFOLIO
International real estate investment and services firm Kennedy
Wilson (NYSE: KW) today announced that the company and its
partner, the European Commer... |
|
|
Kennedy Wilson and Deutsche Bank Acquire EUR361M ($567M) Irish Loan
Portfolio
August 14, 2012| BEVERLY HILLS, Calif., Aug 14, 2012 (BUSINESS WIRE) --International real estate investment and services firm Kennedy
Wilson (NYSE: KW) today announced that the company and its
partner, the European Commercial Real Estate Group of Deutsche Bank AG,
acquired a loan portfolio with an unpaid principal balance of EUR361
million ($567 million).
Mary Ricks, president and CEO of Kennedy Wilson Europe, stated, "This
acquisition is a great win for the company and... |
|
|
Kennedy Wilson and Deutsche Bank Acquire €361M ($567M) Irish Loan Portfolio
August 14, 2012| BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Aug. 14, 2012--
International real estate investment and services firm Kennedy
Wilson (NYSE: KW) today announced that the company and its
partner, the European Commercial Real Estate Group of Deutsche Bank AG,
acquired a loan portfolio with an unpaid principal balance of €361
million ($567 million).
Mary Ricks, president and CEO of Kennedy Wilson Europe, stated, “This
acquisition is a great win f... |
|
|
Kennedy Wilson Reports Second Quarter 2012 Earnings
August 06, 2012| BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Aug. 6, 2012--
Kennedy-Wilson Holdings, Inc. (NYSE: KW) (“Kennedy Wilson,” “we,”
“us,” “our,” or the “Company”), an international real estate investment
and services company, today reported a second quarter 2012 net loss
attributable to common shareholders of $3.2 million (or $0.06 per basic
and diluted share) compared to a net loss attributable to common
shareholders of $2.4 million (or $0.06 per basic and dil... |
|
|
Kennedy Wilson to Announce Second Quarter 2012 Earnings
July 30, 2012|
Kennedy-Wilson Holdings, Inc. to hold conference call and webcast to
discuss second quarter financial results
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Jul. 30, 2012--
International real estate investment and services firm Kennedy-Wilson
Holdings, Inc. (NYSE: KW) will release its second quarter 2012
financial results on Monday, August 6, 2012 after the market closes. The
company will hold a live conference call and webcast to discuss results
... |
|
|
Kennedy Wilson Announces Pricing of Common Stock Offering
July 19, 2012| BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Jul. 19, 2012--
International real estate investment and services firm Kennedy-Wilson
Holdings, Inc. (NYSE: KW) (“Kennedy Wilson” or the “Company”)
today announced the pricing of a public offering of 7,500,000 shares of
its common stock at a price of $13.00 per share, for net proceeds of
approximately $92.4 million after underwriting discounts and commissions
and estimated offering expenses. The offering is exp... |
|
|
Kennedy Wilson Announces Offering of Common Stock
July 16, 2012| BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Jul. 16, 2012--
International real estate investment and services firm Kennedy-Wilson
Holdings, Inc. (NYSE:KW) (“Kennedy Wilson” or the “Company”)
today announced that it plans to sell 7,500,000 shares of its common
stock in an underwritten public offering. The company also plans to
grant the underwriters a 30-day option to purchase up to an additional
1,125,000 shares. BofA Merrill Lynch and Deutsche Bank Secu... |
|
|
Kennedy Wilson Purchases Premier Anaheim Office Building for $56M
July 13, 2012|
Company and partners complete acquisition of Stadium Gateway
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Jul. 13, 2012--
International real estate investment and services firm Kennedy
Wilson (NYSE: KW) today announced that the company and its
partners completed the acquisition of Stadium Gateway in Anaheim, CA for
$56 million. The six-story, 272,826 RSF, Class A office building located
at 1900 State College Boulevard increases Kennedy Wil... |
|
|
Kennedy Wilson Announces New European Initiative with Major European Financial Institution
July 09, 2012|
Framework Targets Acquisition of €2B ($2.5 B) of Loans Secured by
Real Estate
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Jul. 9, 2012--
International real estate investment and services firm Kennedy
Wilson (NYSE: KW) today announced a new framework with a
global financial institution targeting the acquisition of €2 billion
($2.5 billion) of performing, sub-performing and non-performing loans
secured by commercial and residential real esta... |
|
|
Kennedy Wilson Completes Acquisition of Via Verde Apartments in Southern California
June 28, 2012|
Company and partners purchase approximately $900 million of assets in
second quarter of 2012
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Jun. 28, 2012--
International real estate investment and services firm Kennedy
Wilson (NYSE: KW) today announced that the company and its
partners acquired Via Verde, a 277-unit apartment complex in Huntington
Beach, CA for $65.7 million. In line with the company’s strategy of
securing long-term fixed rat... |
|
|
Kennedy Wilson Adds 251-Unit Los Angeles Area Property to Multifamily Portfolio
June 18, 2012|
Company and partners acquire West Covina apartment community
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Jun. 18, 2012--
International real estate investment and services firm Kennedy
Wilson (NYSE:KW) today announced the acquisition of Torrey
Pines, a 251-unit apartment community in West Covina, CA. The company
and its partners purchased the property for $43.7 million, with $33
million in financing from Freddie Mac at 3.91%, fixed for ten years. ... |
|
|
Kennedy Wilson Announces Dividend of $0.05 Per Common Share for Second Quarter 2012
June 14, 2012| BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Jun. 14, 2012--
International real estate investment and services firm Kennedy
Wilson (NYSE: KW) today announced that the company will pay a
dividend of $0.05 per share to common shareholders of record as of June
29, 2012 with a payment date of July 6, 2012. The quarterly payment
equates to an annual dividend of $0.20 per common share.
About Kennedy Wilson
Founded in 1977, Kennedy Wilson ... |
|
|
Kennedy Wilson and Partners Acquire 544-Unit Multifamily Community in San Francisco Bay Area
June 08, 2012|
Company announces acquisition of Waterford in Hayward, CA
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Jun. 8, 2012--
International real estate investment and services firm Kennedy
Wilson (NYSE: KW) today announced the acquisition of
Waterford, a 544-unit multifamily community in Hayward, CA. The company
and its partners purchased the property for $86.5 million, with $68.1
million in financing from Freddie Mac at 3.69%, fixed for ten years. The
... |
|
|
Kennedy Wilson Acquires Iconic Alliance Building in Dublin
June 06, 2012|
Company purchases 210-unit multifamily property in Gasworks estate
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Jun. 6, 2012--
International real estate investment and services firm Kennedy
Wilson (NYSE: KW) today announced the acquisition of the
Alliance Building, a 210-unit apartment building in Dublin, Ireland. The
company and partner Fairfax Financial purchased the property for €40
million from Grant Thornton, which acted as appointed receiver... |
|
|
Kennedy Wilson and Partners Acquire 409-Unit Apartment Community in Northern California
May 14, 2012|
Company announces acquisition of Capitol Towers in Sacramento
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--May. 14, 2012--
International real estate investment and services firm Kennedy
Wilson (NYSE:KW) today announced the acquisition of Capitol
Towers, a 409-unit apartment community in Sacramento, CA. The company
and its partners purchased the property for $64 million, with $50
million in financing from HFF/Freddie Mac at 3.51%, fixed for seven
... |
|
|
Kennedy Wilson Reports First Quarter 2012 Earnings
May 07, 2012|
Adjusted EBITDA increases by 27% from same period last year
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--May. 7, 2012--
Kennedy-Wilson Holdings, Inc. (NYSE: KW)
(“Kennedy Wilson,” "we," "us," "our," or the “Company”), an
international real estate investment and services company, today
reported a first quarter 2012 net loss attributable to common
shareholders of $3.4 million (or $0.07 per basic and diluted share)
compared to a net loss of $1... |
|
|
Kennedy Wilson to Announce First Quarter 2012 Earnings
April 30, 2012|
Kennedy-Wilson Holdings, Inc. to hold conference call and webcast to
discuss first quarter financial results
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Apr. 30, 2012--
International real estate investment and services firm Kennedy-Wilson
Holdings, Inc. (NYSE: KW) will release its first quarter 2012
financial results on Monday, May 7, 2012 after the market closes. The
company will hold a live conference call and webcast to discuss results
... |
|
|
Kennedy Wilson Sells Multifamily Properties in San Jose and Portland
for $154 Million
April 17, 2012| Two apartment assets traded at combined cap rate of 4.5%
BEVERLY HILLS, Calif., Apr 17, 2012 (BUSINESS WIRE) --International real estate investment and services firm Kennedy
Wilson (NYSE: KW) today announced that the company sold two
of its multifamily properties for a total of $154 million. Net proceeds
of $64 million will be distributed to the company and equity holders,
including $18.5 million to Kennedy Wilson. 360 Residences, a 213-unit
lux... |
|
|
Kennedy Wilson and Partners Close $80M Japanese Multifamily Financing at 1.61% Interest Rate, Fixed for Five Years
April 03, 2012|
Company has now refinanced entire Japanese apartment portfolio at an
average interest rate of 2.01%
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Apr. 3, 2012--
International real estate investment and services firm Kennedy
Wilson (NYSE: KW) today announced that KW Residential, LLC,
the company’s unconsolidated Japanese venture, refinanced part of its
multifamily portfolio in the amount of $80 million at a 1.61% interest
rate, fixed for five... |
|
|
Kennedy Wilson Partners with Fairfax Financial on New €278M European Commercial Real Estate Investment Platform
March 13, 2012|
Partnership will initially focus on UK and Irish commercial real
estate; investment builds on fully invested $278 million U.S. partnership
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Mar. 13, 2012--
International real estate investment and services company Kennedy
Wilson (NYSE: KW) today announced the formation of a new
partnership with Fairfax Financial Holdings Limited (TSX: FFH) (TSX:
FFH.U) (“Fairfax”) to pursue acquisitions of European comme... |
|
|
Kennedy Wilson Reports Fourth Quarter and Full Year 2011 Earnings
March 12, 2012| Adjusted EBITDA of $71 million for FY 2011 increased 22% from 2010
Company increases dividend by 25% to $0.05 per common share for first quarter 2012
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Mar. 12, 2012-- Kennedy-Wilson Holdings, Inc. (NYSE:KW) ("Kennedy Wilson" or the "Company"), an international real estate investment and services company, today reported fourth quarter 2011 net income attributable to common shareholders of $7.9 million (or $0.17 and $0.14 per basic and diluted share, resp... |
|
|
Kennedy Wilson Acquires Leading Residential Research Advisory Firm Meyers LLC
March 06, 2012|
Company expands services to include capital sourcing and real estate
consulting
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Mar. 6, 2012--
International real estate investment and services firm Kennedy
Wilson (NYSE: KW) today announced the acquisition of
Irvine-based Meyers LLC, a real estate consultancy specializing in
capital sourcing and real estate research for the single family
homebuilding industry and multifamily apartment business.... |
|
|
Kennedy Wilson and Partners Sell North Hollywood High-Rise, Luxury Apartment Tower for $74 Million
March 01, 2012| BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Mar. 1, 2012--
International real estate investment and services firm Kennedy
Wilson (NYSE: KW) today announced the sale of NoHo-14, a
180-unit, 14-story luxury apartment building located in the NoHo Arts
District of Los Angeles’ San Fernando Valley. The signature asset was
sold for $74 million, representing a 4.1% cap rate on in place income.
The seller assumed the $40 million Cigna fixed rate financing.
... |
|
|
Kennedy Wilson Completes 145,000 Sq. Ft. of Office Leases in California
February 21, 2012| BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Feb. 21, 2012--
International real estate investment and services firm Kennedy
Wilson (NYSE: KW) today announced that it completed three
office leases totaling 145,000 sq. ft. in Los Angeles and San Francisco.
“We’ve seen an uptick in leasing activity at our office properties,”
said John Prabhu, president of KW Commercial Investment Group. “The
increased activity is primarily in Southern California, Nor... |
|
|
Kennedy Wilson to Announce Fourth Quarter 2011 Earnings
February 21, 2012|
Kennedy-Wilson Holdings, Inc. to hold conference call and webcast to
discuss fourth quarter financial results
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Feb. 21, 2012--
International real estate investment and services firm Kennedy-Wilson
Holdings, Inc. (NYSE: KW) will release its fourth quarter 2011
financial results on Monday, March 12, 2012 after the market closes. The
company will hold a live conference call and webcast to discuss results
... |
|
|
Kennedy Wilson Announces Completion of Registered Exchange Offer for 8.750% Senior Notes Due 2019
February 07, 2012| BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Feb. 7, 2012--
Kennedy-Wilson, Inc. (“Kennedy Wilson”), a wholly owned subsidiary of
international real estate investment and services firm Kennedy-Wilson
Holdings, Inc. (NYSE: KW), announced today that it has completed
its registered exchange offer to exchange up to $250 million aggregate
principal amount of its 8.750% Senior Notes due 2019, which have been
registered under the Securities Act of 1933, as amend... |
|
|
Kennedy Wilson Announces Registered Exchange Offer for 8.750% Senior Notes Due 2019
January 06, 2012| BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Jan. 6, 2012--
Kennedy-Wilson, Inc. (“Kennedy Wilson”), a wholly owned subsidiary of
international real estate investment and services firm Kennedy-Wilson
Holdings, Inc. (NYSE: KW), has commenced a registered exchange
offer for its outstanding 8.750% Senior Notes due 2019 (the “Private
Notes”). The Private Notes were originally issued on April 5, 2011 in a
private placement exempt from the registration requirem... |
|
|
Kennedy Wilson and Partners Refinance 400-Unit Oxnard Apartment Community
December 22, 2011| BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Dec. 22, 2011--
International real estate investment and services company Kennedy
Wilson (NYSE: KW) today announced that the company, along
with RECP/Urban Partners and Capri Capital Partners, LLC on behalf of
Capri Urban Investors, LLC, refinanced Serenade, a 400-unit Class A
apartment community in Oxnard, CA. The $54.2 million financing has a
seven-year term and carries a 2.26% rate over LIBOR.
... |
|
|
Kennedy Wilson and Equity Partners Complete Purchase of Los Angeles Office Building Portfolio
December 20, 2011|
Company finalizes acquisition of $143.5 million five property
portfolio
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Dec. 20, 2011--
International real estate investment and services firm Kennedy
Wilson (NYSE: KW) today announced that it and its equity
partners completed the acquisition of 6400 Canoga, also known as Warner
Atrium, a 126,000 sq. ft. office building in Woodland Hills, CA.
Specifically, the property is located in Woodland Hill... |
|
|
Kennedy Wilson and Partners Acquire 460-Unit Multifamily Community in Santa Barbara County
December 14, 2011|
Company Announces Acquisition of La Vista in Santa Maria, California
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Dec. 14, 2011--
International real estate investment and services firm Kennedy
Wilson (NYSE: KW) today announced the acquisition of La
Vista, a 460-unit multifamily community located in Santa Maria,
California. Kennedy Wilson and its partners purchased the property for
$42 million, with $34.2 million in financing from Freddie Mac at a ... |
|
|
Kennedy Wilson Announces Dividend of $0.04 Per Common Share for Fourth Quarter 2011
December 14, 2011| BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Dec. 14, 2011--
International real estate investment and services firm Kennedy
Wilson (NYSE: KW) today announced that the company will pay
$0.04 per share to common shareholders of record as of December 30, 2011
with a payment date of January 10, 2012. The quarterly payment would
equate to an annual dividend of $0.16 per common share.
About Kennedy Wilson
Founded in 1977, Kennedy Wilson i... |
|
|
Kennedy Wilson and Partners Complete $1.8 Billion Purchase of UK Loan Portfolio
December 05, 2011| Company Announces Final Closing of Largest European Loan Portfolio Acquisition in Current Cycle
BEVERLY HILLS, Calif., Dec 05, 2011 (BUSINESS WIRE) -- International real estate investment and services firm Kennedy Wilson (NYSE: KW) today announced that the company and its institutional partners completed the acquisition of a UK-based loan portfolio from Bank of Ireland for $1.8 billion. The purchase occurred in two phases, with approximately $1.4 billion closed on October 21 and $400 million ... |
|
|
Kennedy Wilson and Partners Acquire 198-Unit Multifamily Community in Portland, Oregon
November 22, 2011|
Company’s acquisitions since beginning of 2010 total $5.1 billion
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Nov. 22, 2011--
International real estate investment and services firm Kennedy
Wilson (NYSE: KW) today announced that an affiliate of the
company acquired Westview Heights, a 198-unit multifamily community in
the Beaverton submarket of Portland, Oregon, for $29.5 million.
"The Westview Heights acquisition strengthens Kenne... |
|
|
Kennedy Wilson Sells $4.4M at Salt Lake City Auction
November 14, 2011|
Company Offers and Sells 29 Units at Broadway Park Lofts
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Nov. 14, 2011--
International real estate investment and services firm Kennedy
Wilson (NYSE: KW) today announced that it offered and sold 29
condominiums at Broadway Park Lofts for $4.4 million at its Salt Lake
City, UT auction on November 5, 2011.
Broadway Park Lofts exterior (Photo: Business Wire)
“These auction results demo... |
|
|
Kennedy Wilson Announces Pricing of Common Stock Offering
November 10, 2011| BEVERLY HILLS, Calif., Nov 10, 2011 (BUSINESS WIRE) -- International real estate investment and services firm Kennedy-Wilson Holdings, Inc. (NYSE: KW) ("Kennedy Wilson" or the "Company") today announced the pricing of a public offering of 6,000,000 shares of its common stock at a price of $11.00 per share, for net proceeds of approximately $62.3 million after underwriting discounts and commissions and estimated offering expenses. The offering is expected to close on November 16, 2011, subject to... |
|
|
Kennedy Wilson Announces Offering of Common Stock
November 07, 2011| BEVERLY HILLS, Calif., Nov 07, 2011 (BUSINESS WIRE) --International real estate investment and services firm Kennedy-Wilson
Holdings, Inc. (NYSE: KW) ("Kennedy Wilson" or the "Company")
today announced that it plans to sell 6,000,000 shares of its common
stock in an underwritten public offering. The company also plans to
grant the underwriters a 30-day option to purchase up to 900,000 shares
to cover overallotments, if any. BofA Merrill Lynch and Deutsche ... |
|
|
Kennedy Wilson Reports Third Quarter 2011 Earnings
November 07, 2011| BEVERLY HILLS, Calif., Nov 07, 2011 (BUSINESS WIRE) --Kennedy-Wilson Holdings, Inc.(NYSE: KW)
("Kennedy Wilson" or the "Company"), an international real estate
investment and services company, today reported a third quarter 2011 net
loss attributable to common shareholders of $6.9 million (or $0.16 per
basic and diluted share) compared to $6.7 million (or $0.17 per basic
and diluted share) for the same period in 2010. Net loss attributable to
commo... |
|
|
Kennedy Wilson Completes Purchase of Miracle Mile Office Building
November 02, 2011| Company acquires fourth of five-property, $143.5 million office portfolio
BEVERLY HILLS, Calif., Nov 02, 2011 (BUSINESS WIRE) -- International real estate investment and services firm Kennedy Wilson(NYSE: KW) today announced that it completed the acquisition of 145 Fairfax, a 56,000 sq. ft. office building in the Miracle Mile area of Los Angeles, for approximately $13.5 million. The property is directly across from the premier retail center known as The Grove and the historic Farmers Market. ... |
|
|
Kennedy Wilson and Institutional Partners Acquire UK Loan Portfolio for $1.8 Billion
October 24, 2011| Purchase represents one of the largest loan portfolio acquisitions in current cycle
The acquisition increases the company's total purchases for 2010-2011 to approximately $5 billion
BEVERLY HILLS, Calif., Oct 24, 2011 (BUSINESS WIRE) -- International real estate investment and services firm Kennedy Wilson (NYSE: KW) today announced that the company and its institutional partners agreed to acquire a loan portfolio from Bank of Ireland for $1.8 billion. A majority of the loan portfolio assets ... |
|
|
Kennedy Wilson Sells $16M of Lender Owned Properties at Auction
October 21, 2011| Company completes successful auction of California and Oregon
properties
BEVERLY HILLS, Calif., Oct 21, 2011 (BUSINESS WIRE) --International real estate investment and services firm Kennedy
Wilson(NYSE: KW) today announced that the company sold more
than $16 million of lender owned properties via auction for a full
service bank headquartered in the Pacific Northwest. The auctions took
place on Saturday, October 15, 2011, in Portland, OR, and Sunday,
... |
|
|
Kennedy Wilson Completes Acquisition of Office Buildings in Beverly
Hills, Encino and San Gabriel Valley
October 20, 2011| Company closes $111 million of real estate transactions in Los Angeles
BEVERLY HILLS, Calif., Oct 20, 2011 (BUSINESS WIRE) --International real estate investment and services firm Kennedy
Wilson(NYSE: KW) today announced that it completed $111
million of transactions for the acquisition of three office buildings in
the Los Angeles area.
"We are very pleased with these transactions and our continued
relationship with the seller," commented John Prabhu, pres... |
|
|
Kennedy Wilson to Announce Third Quarter 2011 Earnings
October 18, 2011|
NEWS RELEASE
KENNEDY WILSON TO ANNOUNCE THIRD QUARTER 2011 EARNINGS Kennedy-Wilson Holdings, Inc. to hold conference call and webcast to discuss third quarter financial results
BEVERLY HILLS, Calif. (October 18, 2011) - International real estate investment and services firm Kennedy-Wilson Holdings, Inc. (NYSE: KW) will release its third quarter 2011 financial results on Monday, November 7, 2011 after the market closes. The company will hold a live conference call and webcast to discuss res... |
|
|
Kennedy Wilson to Auction 70 Bank-Owned Properties Next Month
September 21, 2011| Leading financial institution hires company to conduct auction of
properties throughout Oregon and California
BEVERLY HILLS, Calif., Sep 21, 2011 (BUSINESS WIRE) --International real estate investment and services firm Kennedy
Wilson(NYSE: KW) today announced that it will conduct an
auction of 70 bank-owned properties located primarily throughout Oregon
and California. Property types include single family homes,
condominiums, multifamily, retail, office... |
|
|
Kennedy Wilson Announces Grand Opening of 39 Townhomes in Los Angeles
September 19, 2011| Toscana homes for sale beginning September 24th
BEVERLY HILLS, Calif., Sep 19, 2011 (BUSINESS WIRE) --International real estate investment and services firm Kennedy
Wilson (NYSE: KW) today announced the grand opening of
Toscana, a 39-unit townhome community in West Hills, which is located in
the San Fernando Valley region of Los Angeles, California. A joint
venture managed by the company purchased the residential project from
Bank of America for $12.8 m... |
|
|
Kennedy Wilson Announces Dividend of $0.04 Per Common Share for Third
Quarter 2011
September 13, 2011| BEVERLY HILLS, Calif., Sep 12, 2011 (BUSINESS WIRE) --International real estate investment and services firm Kennedy
Wilson(NYSE: KW) today announced that the company will pay
$0.04 per share to common shareholders of record as of September 30,
2011 with a payment date of October 14, 2011. The quarterly payment
would equate to an annual dividend of $0.16 per common share. Kennedy
Wilson paid its first quarterly dividend in company history for the
s... |
|
|
Kennedy Wilson Reports Second Quarter 2011 Earnings
August 08, 2011| BEVERLY HILLS, Calif., Aug 08, 2011 (BUSINESS WIRE) --
Kennedy-Wilson Holdings, Inc.(NYSE: KW) ("Kennedy Wilson" or the "Company"), an international real estate investment and services company, today reported a second quarter 2011 net loss attributable to common shareholders of $2.4 million (or $0.06 per basic and diluted share) compared to net income attributable to common shareholders of $8.5 million (or $0.22 per basic and $0.20 per diluted share) for the same period in 2010. Net loss attrib... |
|
|
Kennedy Wilson Closes $63.8M Japanese Multifamily Financing
August 02, 2011| Interest Rate is All-in at 1.7% for Five Years
BEVERLY HILLS, Calif., Aug 02, 2011 (BUSINESS WIRE) --International real estate investment and services firm Kennedy
Wilson (NYSE: KW) today announced that the company's Japanese
subsidiary refinanced part of its multifamily portfolio in the amount of
$63.8 million at an interest rate of 1.70%, fixed for five years.
Mitsubishi Tokyo UFJ Bank provided the financing, and this transaction
follows the partnersh... |
|
|
Kennedy Wilson to Announce Second Quarter 2011 Earnings
August 01, 2011| Kennedy-Wilson Holdings, Inc. to hold conference call and webcast to
discusssecond quarter financial results
BEVERLY HILLS, Calif., Aug 01, 2011 (BUSINESS WIRE) --International real estate investment and services firm Kennedy-Wilson
Holdings, Inc. (NYSE: KW) will release its second quarter 2011
financial results on Monday, August 8, 2011 after the market closes. The
company will hold a live conference call and webcast to discuss results
on Tuesday, Augu... |
|
|
Kennedy Wilson Completes $147M of Acquisitions in California and
Hawaii
July 05, 2011| Company's YTD real estate acquisitions total $625M
BEVERLY HILLS, Calif., Jul 05, 2011 (BUSINESS WIRE) --International real estate investment and services firm Kennedy
Wilson(NYSE: KW) today announced that it closed two
transactions with a combined value of approximately $147 million last
week. On Thursday, Kennedy Wilson acquired a 100% interest in a Northern
California office property and, along with its partners, acquired a 50%
interest in an upscale... |
|
|
Kennedy Wilson Enters into Agreement for Private Placement of Common Stock
June 29, 2011| Purchasers are two global institutional investors, including Fairfax Financial Holdings Limited
BEVERLY HILLS, Calif., Jun 29, 2011 (BUSINESS WIRE) -- International real estate investment and services firm Kennedy-Wilson Holdings, Inc. ("Kennedy Wilson") (NYSE: KW) today announced that it has entered into an agreement with two global institutional investors, including an affiliate of Fairfax Financial Holdings Limited. This transaction will result in gross proceeds of approximately $51.4 mill... |
|
|
Kennedy Wilson Closes $56.4M Multifamily Financing
June 24, 2011| Interest rate is fixed at an average rate of 4.6%
BEVERLY HILLS, Calif., Jun 24, 2011 (BUSINESS WIRE) -- International real estate investment and services firm Kennedy Wilson(NYSE: KW) today announced that the company's joint venture with The LeFrak Organization has refinanced two of its multifamily properties with new debt in the amount of $56.4 million at an average interest rate of 4.6%.
The company completed financing for The Grove, a 331-unit community in San Jose, CA on Thursday. Ter... |
|
|
Kennedy Wilson Announces Results of 2011 Annual Meeting
June 23, 2011| BEVERLY HILLS, Calif., Jun 23, 2011 (BUSINESS WIRE) -- International real estate investment and services firm Kennedy Wilson (NYSE:KW) today announced the results of its 2011 annual shareholder meeting held on Thursday, June 23, 2011.
Shareholders reelected Jerry R. Solomon and David A. Minella to each serve a three-year term on the Board of Directors. Additionally, shareholders approved the compensation of the Company's named executive officers in an advisory manner and approved that a vote o... |
|
|
Kennedy Wilson Announces Dividend for Second Quarter 2011 of $0.04per Common Share
June 21, 2011| BEVERLY HILLS, Calif., Jun 21, 2011 (BUSINESS WIRE) -- International real estate investment and services firm Kennedy Wilson (NYSE: KW) announced today its first quarterly dividend in Company history. The Company will pay $0.04 per share to common shareholders of record as of July 1, 2011 with a payment date of July 15, 2011. The quarterly payment would equate to an annual dividend of $0.16 per common share.
"This is a milestone event for the company and reflects the growth in the Company's re... |
|
|
Kennedy Wilson Acquires Los Angeles Area Office Portfolio for $143.5M
June 16, 2011| Company increases assets under management to $9.8 billion
BEVERLY HILLS, Calif., Jun 16, 2011 (BUSINESS WIRE) -- International real estate investment and services firm Kennedy Wilson(NYSE: KW) today announced the acquisition of a real estate portfolio comprised of five office buildings, all located in the Los Angeles area, for $143.5 million. The acquisition adds approximately 700,000 sq. ft. to the company's portfolio and increases the company's total assets under management to $9.8 billion.... |
|
|
Kennedy Wilson Acquires Bank of Ireland Real Estate Investment Management Business
June 01, 2011| Company Increases Assets under Management to USD $9.7 billion
BEVERLY HILLS, Calif. & DUBLIN, Jun 01, 2011 (BUSINESS WIRE) -- International real estate investment and services firm Kennedy Wilson(NYSE: KW) today announced the acquisition of Bank of Ireland Real Estate Investment Management (BOI REIM), a business that manages commercial real estate on behalf of Bank of Ireland clients.
The acquisition of BOI REIM is Kennedy Wilson's first purchase of an Irish and European business and wi... |
|
|
Kennedy Wilson Acquires Largest Multifamily Asset in East Bay
May 31, 2011| Company buys 1,008 apartment units for $140.5 million
BEVERLY HILLS, Calif., May 31, 2011 (BUSINESS WIRE) -- International real estate investment and services firm Kennedy Wilson(NYSE: KW) today announced that the company and its partners acquired Bella Vista at Hilltop, a 1,008-unit multifamily community in San Pablo, California, for $140.5 million. According to Real Capital Analytics, the purchase represents the largest single multifamily asset transaction by unit count in the U.S. thus far... |
|
|
Kennedy Wilson to Present at JMP Securities Conference
May 10, 2011| BEVERLY HILLS, Calif., May 10, 2011 (BUSINESS WIRE) -- International real estate investment and services firm Kennedy Wilson(NYSE:KW) today announced that the company will present at The Tenth Annual JMP Securities Research Conference on Wednesday, May 11, 2011 in San Francisco, CA. William McMorrow, chairman and CEO of Kennedy Wilson, will provide an overview of the company and discuss its strategies for growth. A copy of the company's presentation will be posted on its web site on the afternoo... |
|
|
Kennedy Wilson Sells 286-Unit Multifamily Asset for $43M
May 09, 2011| BEVERLY HILLS, Calif., May 09, 2011 (BUSINESS WIRE) -- International real estate investment and services firm Kennedy Wilson(NYSE:KW) today announced that the company and its partners sold Mariposa Apartments, a 286-unit multifamily asset in Anaheim, California, for $43 million. The buyer is a long-standing private property owner and investor in the Orange County multifamily marketplace.
Greenwood & McKenzie represented the buyer, while Robin Ossenbeck, partner at Hendricks & Partners, and Sha... |
|
|
Kennedy Wilson Reports First Quarter 2011 Earnings
May 09, 2011| BEVERLY HILLS, Calif., May 09, 2011 (BUSINESS WIRE) -- Kennedy-Wilson Holdings, Inc.(NYSE: KW) ("Kennedy Wilson" or the "Company"), an international real estate investment and services company, today reported a first quarter 2011 net loss attributable to Kennedy Wilson common shareholders of $1.0 million (or $0.02 per basic and diluted share) compared to a loss of $3.1 million (or $0.08 per basic and diluted share) for the same period in 2010. Net income attributable to Kennedy Wilson common sha... |
|
|
Kennedy Wilson Sells More Than $6M at Lake Tahoe Auction
May 03, 2011| Company's real estate auction and conventional sales in April exceed $35 million
BEVERLY HILLS, Calif., May 03, 2011 (BUSINESS WIRE) -- International real estate investment and services firm Kennedy Wilson (NYSE:KW) today announced that the company sold more than $35 million of properties via auction and conventional sales last month. Most recently, the company sold 15 luxury condominiums for more than $6 million at the Resort at Squaw Creek in Lake Tahoe. The auction took place on Saturday, ... |
|
|
Kennedy Wilson to Announce First Quarter 2011 Earnings
May 02, 2011| Kennedy-Wilson Holdings, Inc. to hold conference call and webcast to discussfirst quarter financial results
BEVERLY HILLS, Calif., May 02, 2011 (BUSINESS WIRE) -- International real estate investment and services firm Kennedy-Wilson Holdings, Inc. (NYSE: KW) will release its first quarter 2011 financial results on Monday, May 9, 2011 after the market closes. The Company will hold a live conference call and webcast to discuss results on Tuesday, May 10 at 7:00 a.m. PT/ 10:00 a.m. ET.
The dir... |
|
|
Kennedy Wilson Launches Grand Opening of Premier Apartment Building in Silicon Valley
April 27, 2011| Company takes title to 213-unit 360 Residences, increases multifamily portfolio to 13,192 units in western U.S. and Japan
BEVERLY HILLS, Calif., Apr 27, 2011 (BUSINESS WIRE) -- International real estate investment and services firm Kennedy Wilson(NYSE: KW) today announced the grand opening of 360 Residences, a 213-unit residential tower in San Jose, CA. The company took title to the project on Friday, March 25th and received approval from the city to rent the units as apartments late yesterda... |
|
|
Kennedy Wilson Announces 2011 Annual Meeting
April 18, 2011| BEVERLY HILLS, Calif., Apr 18, 2011 (BUSINESS WIRE) -- International real estate investment and services company Kennedy Wilson(NYSE: KW) today announced that its annual meeting of shareholders will occur at 9 a.m. PT on Thursday, June 23, 2011. The annual meeting will be held at Montage Beverly Hills in Beverly Hills, California. The record date for determination of shareholders entitled to vote at the annual meeting is April 25, 2011.
About Kennedy Wilson
Founded in 1977, Kennedy Wilson is... |
|
|
Kennedy Wilson Announces Pricing of Additional $50M Offering of Senior Notes
April 07, 2011| BEVERLY HILLS, Calif.--(BUSINESS WIRE)-- Kennedy-Wilson, Inc. ("Kennedy Wilson"), a wholly-owned subsidiary of international real estate investment and services firm Kennedy-Wilson, Holdings Inc. (NYSE:KW - News), today announced that it priced its previously announced offering of an additional $50 million of its 8.750% senior notes due 2019 (the "Additional Notes"). The Additional Notes will be Kennedy Wilson’s senior unsecured obligations and are guaranteed by Kennedy-Wilson Holdings, Inc. and... |
|
|
Kennedy Wilson Announces Additional $50M Offering of Senior Notes
April 07, 2011| BEVERLY HILLS, Calif., Apr 07, 2011 (BUSINESS WIRE) -- Kennedy-Wilson, Inc. ("Kennedy Wilson"), a wholly-owned subsidiary of international real estate investment and services firm Kennedy-Wilson Holdings, Inc. (NYSE:KW), today announced that it intends to offer, subject to market conditions and other factors, an additional $50 million of its 8.750% Notes due 2019 (the "Additional Notes"). The Additional Notes will be Kennedy Wilson's senior unsecured obligations and will be guaranteed by Kennedy... |
|
|
Kennedy Wilson Announces Pricing of 8.750% Senior Notes Due 2019
April 01, 2011| BEVERLY HILLS, Calif., Apr 01, 2011 (BUSINESS WIRE) -- International real estate investment and services firm Kennedy-Wilson, Inc. ("Kennedy Wilson") (NYSE: KW) today announced that it priced its previously announced offering of $200 million in aggregate principal amount of 8.750% senior notes due 2019 (the "Notes"). The Notes will be Kennedy Wilson's senior unsecured obligations and are guaranteed by certain subsidiaries of Kennedy Wilson. Interest on the Notes will be payable semiannually on A... |
|
|
Kennedy Wilson and Its Joint Venture Partner Fairfax Financial Close Refinancings of Japanese Multifamily Assets
March 31, 2011| Total of these refinancings is $262 million with an average rate of 2.43%
BEVERLY HILLS, Calif., Mar 31, 2011 (BUSINESS WIRE) -- International real estate investment and services firm Kennedy Wilson (NYSE: KW) today announced that the company's partnership with Fairfax Financial (TSX: FFH) closed on five refinance loans, totaling $262 million, with Sumitomo Mitsui Banking Corporation and Tokyo Star at an average rate of 2.43%, all with five-year terms. The loans are secured by several apartme... |
|
|
Kennedy Wilson to Offer $200M of Senior Notes
March 28, 2011| BEVERLY HILLS, Calif., Mar 28, 2011 (BUSINESS WIRE) -- Kennedy-Wilson, Inc. ("Kennedy Wilson"), a wholly owned subsidiary of international real estate investment and services firm Kennedy-Wilson Holdings, Inc. (NYSE: KW), today announced that it intends to offer, subject to market conditions and other factors, $200 million in aggregate principal amount of senior notes due 2019 (the "Notes").The Notes will be Kennedy Wilson's senior unsecured obligations and will be guaranteed by certain subsidia... |
|
|
Kennedy Wilson Reports Fourth Quarter and Full Year 2010 Earnings
March 14, 2011| BEVERLY HILLS, Calif., Mar 14, 2011 (BUSINESS WIRE) -- Kennedy-Wilson Holdings, Inc. (NYSE: KW) ("Kennedy Wilson," "Company," "us" and "we"), an international real estate investment and services company, today reported fourth quarter 2010 net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders of $0.3 million (or $0.01 per basic and diluted share). Adjusted net income attributable to Kennedy-Wilson Holdings Inc. common shareholders, adjusted for non-cash stock based compensa... |
|
|
Kennedy Wilson to Announce Fourth Quarter and Full Year 2010 Earnings
March 11, 2011| Kennedy-Wilson Holdings, Inc. to hold conference call and webcast to discuss 2010 financial results
BEVERLY HILLS, Calif., Mar 11, 2011 (BUSINESS WIRE) -- International real estate investment and services firm Kennedy-Wilson Holdings, Inc. (NYSE: KW) will release its fourth quarter and full year 2010 financial results on Monday, March 14, 2011 after the market closes. The company will hold a live conference call and webcast to discuss results on Tuesday, March 15th at 7:00 a.m. PT/ 10:00 a.m.... |
|
|
Top Real Estate Pro Joins Kennedy Wilson
March 10, 2011| Company Adds Brett Raskin to Commercial Brokerage Team
BEVERLY HILLS, Calif., Mar 10, 2011 (BUSINESS WIRE) -- Jim Rosten, president of KW Properties Group, a division of international real estate investment and services company Kennedy Wilson (NYSE: KW), today announced that Brett Raskin has joined the company as a managing director. In 2010, Real Estate Forum nationally recognized Raskin as one of the top 40 real estate professionals under 40 years old.
"We are thrilled to welcome Brett to... |
|
|
Kennedy Wilson Strengthens Commercial Real Estate Sales Capabilities
March 01, 2011| Rob Hannan joins company as managing director of investment sales
BEVERLY HILLS, Calif., Mar 01, 2011 (BUSINESS WIRE) -- Mary Ricks, executive vice chair of international real estate investment and services firm Kennedy Wilson(NYSE: KW), today announced that Rob Hannan has joined the company as managing director of investment sales. Kennedy Wilson operates as a top provider of real estate services to various institutional clients and government agencies.
"Rob will be a great asset to the co... |
|
|
Kennedy Wilson Opens Office in Denver
February 17, 2011| Mike Pepper joins firm as managing director of KW Properties Group
BEVERLY HILLS, Calif., Feb 17, 2011 (BUSINESS WIRE) -- International real estate investment and services firm Kennedy Wilson (NYSE: KW) today announced that the company opened a new office in Denver, Colorado. Mike Pepper, recently hired as managing director of KW Properties Group, heads the new office, overseeing administration of the former Catlin/Bluemont Properties portfolio. The added presence in Denver expands the compan... |
|
|
Kennedy Wilson and Partners Acquire 770 Apartment Units across Western U.S.
February 16, 2011| Company's multifamily purchases total $215 million and 1,820 units YTD
BEVERLY HILLS, Calif., Feb 16, 2011 (BUSINESS WIRE) -- International real estate investment and services firm Kennedy Wilson(NYSE: KW) today announced that the company, along with an affiliate of DRA Advisors and with Kennedy Wilson Property Fund III, acquired Enclave at Adobe Creek, a 492-unit multifamily community in Petaluma, CA. The company also joined forces with The LeFrak Organization to purchase a 100% equity inter... |
|
|
Kennedy Wilson Sells $8M in Sealed Bid Auction
February 03, 2011| BEVERLY HILLS, Calif., Feb 03, 2011 (BUSINESS WIRE) -- International real estate investment and services firm Kennedy Wilson(NYSE:KW) today announced that the company contracted more than $8 million in initial sales for its recent sealed bid auction of three Los Angeles area luxury residential developments. The three-week marketing program commenced in late November of 2010 and concluded on December 20th with over 100 bids received for the multiple properties.
According to Andrew Levant, the l... |
|
|
Kennedy Wilson Repeats Condo Close-out at The Summit
February 02, 2011| Company sells remaining 78 units in less than nine months
BEVERLY HILLS, Calif., Feb 02, 2011 (BUSINESS WIRE) -- International real estate investment and services firm Kennedy Wilson(NYSE: KW) today announced that all units of The Summit, a 12-story condominium tower in Los Angeles' Koreatown, have been sold. Kennedy Wilson was hired as the full service asset manager of the project by Big Rock Partners in cooperation with the lender, Aareal Bank, in April of 2010 and began its marketing campa... |
|
|
Kennedy Wilson Adds Approximately Three Million Square Feet to Property Management Portfolio
January 21, 2011| Company signs seven new property management and accounting assignments
BEVERLY HILLS, Calif., Jan 21, 2011 (BUSINESS WIRE) -- International real estate investment and services firm Kennedy Wilson(NYSE: KW) today announced that the company signed contracts for seven new property management and accounting assignments across five states. The assignments include 400,000 square feet of office buildings in Denver, CO, a 315,000 square foot portfolio in Sacramento, CA, a 340,000 square foot shopping... |
|
|
Kennedy Wilson Acquires 750-Unit Multifamily Property, Seattle
Metro's Second Largest Apartment Community
January 14, 2011| Company increases multifamily portfolio to 10,786 units in the U.S.
and Japan, with an additional 492 units under contract
BEVERLY HILLS, Calif., Jan 14, 2011 (BUSINESS WIRE) --International real estate investment and services firm Kennedy
Wilson(NYSE: KW) today announced that the company and its
partners have acquired Club Palisades, a 750-unit multifamily community
in Federal Way, WA. The property is the second largest multifamily asset
in the Seattle... |
|
|
Kennedy Wilson Expands Commercial Brokerage Team
January 13, 2011| Jonah Garb joins KW Properties Group
BEVERLY HILLS, Calif., Jan 13, 2011 (BUSINESS WIRE) --International real estate investment and services company Kennedy
Wilson (NYSE: KW) today announced that Jonah Garb has joined
the firm's commercial brokerage division and will be based in the
company's Beverly Hills headquarters.
"Jonah's talent will enhance our client services," commented Ed Sachse,
senior managing director of KW Properties Group. "He brings seven ... |
|
|
Kennedy Wilson to Present at CJS Securities Conference
January 11, 2011| BEVERLY HILLS, Calif. (January 11, 2010) – International real estate investment and services firm Kennedy Wilson (NYSE: KW) today announced that the company will present at the Eleventh Annual CJS Securities "New Ideas for the New Year" Investor Conference on Wednesday, January 12, 2011 in New York City, NY. William McMorrow, chairman and CEO of Kennedy Wilson, will provide an overview of the company, discuss its competitive position and its strategies for growth. A copy of the compa... |
|
|
Kennedy Wilson Sells $5.6M at Hawaii Auction
January 10, 2011| Wai’nani luxury homes sold
BEVERLY HILLS, Calif. (January 10, 2011) – International real estate investment and services firm Kennedy Wilson (NYSE: KW) today announced that the company had total sales of $5.6 million for six luxury residential homes at Waì‛nani at Po‛ipū. The auction was held at the Grand Hyatt Kauai Resort & Spa with 75 people in attendance and 25 online bidders.
Rhett Winchell, president of KW Auction Group, commented that the ownership of Waì‛nani at Po‛ipū was exc... |
|
|
Kennedy Wilson Acquires $82.5M Loan Portfolio
December 22, 2010|
Deal brings company’s total note purchases over last 12 months to $653 million of unpaid principal balance
BEVERLY HILLS, Calif. (December 22, 2010) – International real estate investment and services firm Kennedy Wilson (NYSE: KW) today announced that it and its partners acquired a portfolio of 19 real estate loans with an unpaid principal balance of $82.5 million. The loans are all secured by real estate located primarily in Southern California.
This transaction brings t... |
|
|
Kennedy Wilson Signs Two Major Tenants to Los Angeles Area Properties
December 14, 2010| Company completes over $11 million of retail leases in past month
BEVERLY HILLS, Calif. (December 14, 2010) – International real estate investment and services firm Kennedy Wilson (NYSE: KW) today announced that the company’s retail brokerage group completed two major lease transactions in the Los Angeles area. Roger Dunn Golf signed a 12,000 square foot lease at NoHo 14 in North Hollywood and Korea-based Tom N Toms Coffee will establish its flagship U.S. location at Solair in Kor... |
|
|
Kennedy Wilson Sells $6.6M at Seattle Auction
November 16, 2010| BEVERLY HILLS, Calif. (November 16, 2010) – International real estate investment and services firm Kennedy Wilson (NYSE: KW) today announced that the company offered and sold 20 units, generating $6.6 million of sales, at its Sunday, November 14th auction of luxury condominiums at The Fairview at Harbour Pointe. The auction was held at the Lynnwood Convention Center near downtown Seattle, and approximately 225 people attended the auction.
“We are very pleased to represent such an outstand... |
|
|
Kennedy Wilson Reports Third Quarter 2010 and YTD Earnings
November 09, 2010| Company reviews highlights since public listing one year ago
BEVERLY HILLS, Calif. (November 9, 2010) – Kennedy-Wilson Holdings, Inc. (NYSE: KW) (“Kennedy Wilson” or the “Company”), an international real estate investment and services company, today reported a third quarter 2010 net income adjusted for the amortization of non-cash compensation and loss from non-recurring extinguishment of corporate debt of $0.1 million (or $0.00 per basic share and diluted share). The Company’s net loss attribu... |
|
|
Kennedy Wilson to Announce Third Quarter 2010 Earnings
November 01, 2010| Kennedy-Wilson Holdings, Inc. to hold conference call and webcast to discuss third quarter financial results
BEVERLY HILLS, Calif. (November 1, 2010) – International real estate investment and services firm Kennedy-Wilson Holdings, Inc. (NYSE: KW) will release its third quarter 2010 financial results on Tuesday, November 9, 2010 after the market closes. The company will hold a live conference call and webcast to discuss results on Wednesday, November 10th at 7:00 a.m. PT/ 10:00 a.m. ET.
... |
|
|
Kennedy Wilson and RECP/Urban Partners Acquire Santee Village
November 01, 2010| Partnership purchases 167 condo units and 18,694 SF of retail in downtown L.A.
BEVERLY HILLS, Calif. (November 1, 2010) – International real estate investment and services firm Kennedy Wilson (NYSE: KW) today announced that the company and real estate development firm RECP/Urban Partners have purchased the remaining 167 condominium units and 18,694 square feet of retail in Santee Village located in downtown Los Angeles.
“Santee Village is one of the last opportunities in the current real... |
|
|
Kennedy Wilson Sells $6.3M at Portland Auction
October 26, 2010| Waterside condominiums on Hayden Island sold
BEVERLY HILLS, Calif. (October 26, 2010) – International real estate investment and services firm Kennedy Wilson (NYSE: KW) today announced that the company had total sales of $6.3 million at its Sunday, October 24th auction of luxury condominiums at The Waterside, located along Columbia River on Hayden Island in Portland. The auction was held at the Marriott in downtown Portland with over 250 people in attendance. Kennedy Wilson announced ... |
|
|
Kennedy Wilson Refinances Major Northern California Apartment Building
October 21, 2010| Company obtains all time low financing on investment property
BEVERLY HILLS, Calif. (October 21, 2010) – International real estate investment and services firm Kennedy Wilson (NYSE: KW) today announced that the company has replaced the existing financing on Summer House Apartments, a 615-unit Northern California multifamily community that it acquired earlier this year with PCCP, LLC. Terms include a loan of $70.8 million at a ten-year fixed rate of 4.31%.
The announcement follows the re... |
|
|
Kennedy Wilson Buys Majority Interest in Southern California Office Buildings
October 06, 2010| BEVERLY HILLS, Calif. (October 6, 2010) – International real estate investment and services firm Kennedy Wilson (NYSE: KW) today announced that the company has acquired a majority interest in One Carlsbad Research Center, two suburban office buildings totaling 98,928 square feet and located in Carlsbad, CA.
“This is the first office building acquisition that the company has completed in the current real estate cycle,” stated William McMorrow, chairman and CEO of Kennedy Wilson. “Acc... |
|
|
Kennedy Wilson Acquires 17.3 Acre Finished Residential Home and Lot Subdivision in Hawaii
October 05, 2010| Company adds to KW Property Fund III portfolio
BEVERLY HILLS, Calif. (October 5, 2010) – International real estate investment and services firm Kennedy Wilson (NYSE: KW) today announced the acquisition of Wai’nani at Kiahuna, a residential subdivision in the established resort area of Poipu Beach on the island of Kauai in Hawaii. The property consists of 63 finished lots and six completed single family homes on a total of 17.3 acres situated on an 18-hole championship golf course.... |
|
|
Kennedy Wilson-LeFrak Multifamily Joint Venture Refinances $100M Real Estate Portfolio
October 01, 2010| Company strengthens balance sheets with refinance of multifamily properties
BEVERLY HILLS, Calif. (October 1, 2010) – International real estate investment and services firm Kennedy Wilson (NYSE: KW) today announced that the company’s joint venture with The LeFrak Organization has refinanced a portfolio of three multifamily properties with new debt in the amount of $71.2 million at an interest rate of 4.39%. Terms include ten-year fixed-rate financing.
“This refinance and the rate reducti... |
|
|
Kennedy Wilson Launches Third High Rise Condo Tower in Los Angeles’ Koreatown in Last 15 Months
September 23, 2010| Company’s business activity in area now totals $400 million
BEVERLY HILLS, Calif. (September 23, 2010) – International real estate investment and services firm Kennedy Wilson (NYSE: KW) today announced that the company has launched its third major high rise condominium project in Los Angeles’ Koreatown. The company’s business activity in the area now totals approximately $400 million.
“We have seen tremendous growth in the submarket of Koreatown in Los Angeles,” chairman and CEO of Kenne... |
|
|
Kennedy Wilson Sells $13.3M at Seattle Auction
September 21, 2010| Seattle's First Green Condos Sold
BEVERLY HILLS, Calif. (September 21, 2010) – International real estate investment and services firm Kennedy Wilson (NYSE: KW) today announced that the company’s Auction Group offered and sold 32 units at Olive 8, Seattle’s first green condo/hotel. Total sales were $13.3 million, and the average bid price was $416,000.
Rhett Winchell, president of Kennedy Wilson Auction Group, commented that the developer of Olive 8 was pleased with the results and consid... |
|
|
Kennedy Wilson to Auction $80.9M Commercial REO Portfolio for Major Financial Institution
September 09, 2010| BEVERLY HILLS, Calif. (September 9, 2010) – International real estate investment and services firm Kennedy Wilson (NYSE: KW) today announced that it has been retained by a major financial institution to conduct an auction for $80.9 million of bank-owned REO properties. The portfolio consists of 12 properties in Arkansas, California, Colorado, Florida, Nevada and Oregon and includes Class A office buildings, retail centers, commercial land and oceanfront residential land.
Bids may be submi... |
|
|
Kennedy Wilson and Fairfax Financial Establish $278M Real Estate Partnership
September 08, 2010| Partnership completes first major transaction, buys 65% interest in Japanese apartment company with assets of approximately $600 million
BEVERLY HILLS, Calif. (September 8, 2010) – International real estate investment and services firm Kennedy Wilson (NYSE: KW) today announced that it has formed a $278 million investment partnership with subsidiaries of Fairfax Financial Holdings Limited (TSX: FFH) to pursue acquisitions of real estate assets, including loans and real property. Kennedy Wi... |
|
|
Kennedy Wilson, RECP/Urban Partners and Capri Capital Partners Acquire 400-Unit Apartment Community
September 02, 2010| BEVERLY HILLS, Calif. (September 2, 2010) – International real estate investment and services company Kennedy Wilson (NYSE: KW), RECP/Urban Partners and Capri Capital Partners, LLC on behalf of Capri Urban Investors, LLC today announced the acquisition of Serenade, a 400-unit apartment community in Oxnard, CA, from the California Urban Investment Partners (CUIP) for a purchase price of $81.5 million.
“Serenade is a rare core apartment investment opportunity and great addition to our portfolio o... |
|
|
Kennedy Wilson Sells $6M at Houston Auction
August 30, 2010| KW Auction Group sells all 26 units of Edge condominiums
BEVERLY HILLS, Calif. (August 30, 2010) – International real estate investment and services company Kennedy Wilson (NYSE: KW) today announced that its auction division offered and sold 26 units of Edge condominiums at an auction that it conducted on Sunday, August 29, 2010 at Hilton Americas-Houston. Gross sales totaled $6 million, and prices averaged 204% of starting bids, exceeding the seller’s expectations.
“The seller chose a K... |
|
|
Kennedy Wilson Announces Results of 2010 Annual Meeting
August 27, 2010| BEVERLY HILLS, Calif. (August 27, 2010) – International real estate investment and services firm Kennedy Wilson (NYSE: KW) today announced the results of its 2010 annual shareholder meeting held on Thursday, August 26, 2010.
Shareholders reelected Cathy Hendrickson to serve a three year term on the Board of Directors and elected Stanley Zax to also serve a three year term on the Board. Zax is chairman and CEO of Zenith National Insurance Corporation, a subsidiary of Fairfax Financial Hold... |
|
|
Kennedy Wilson to Auction Units in Seattle's First Green Condo/Hotel
August 26, 2010| KW Auction Group attracting bidders for Olive 8 luxury condominiums
BEVERLY HILLS, Calif. (August 26, 2010) – Kennedy Wilson Auction Group, a division of international real estate investment and services company Kennedy Wilson (NYSE: KW), will conduct an auction for 34 units at Olive 8, a 22-story tower located above the Hyatt hotel in downtown Seattle. The auction will take place on Sunday, September 19, 2010 at the Hyatt.
“We are very pleased with the response that we are receiving for... |
|
|
Chairman and CEO of Kennedy Wilson to Speak at 2010 US-China Real Estate Summit
August 24, 2010| William J. McMorrow to participate in USC’s “Real Estate Without Borders” event
BEVERLY HILLS, Calif. (August 24, 2010) – William J. McMorrow, chairman and CEO of international real estate investment and services firm Kennedy Wilson (NYSE: KW), will participate in a panel discussion on August 27, 2010 at the 2010 US-China Real Estate Summit, “Real Estate Without Borders,” hosted by the University of Southern California in Los Angeles, CA. The summit will be attended by government official... |
|
|
Kennedy Wilson Raises $125M for KW Property Fund III
August 18, 2010| West Coast opportunity/value-added fund closes
BEVERLY HILLS, Calif. (August 18, 2010) – International real estate investment and services firm Kennedy Wilson (NYSE: KW) today announced that the company has raised $125 million of equity for its KW Property Fund III from a diverse group of investors, including university endowments, public funds, foundations, Taft Hartleys and family offices. The company supplements the fund with more than $1 billion of equity from a select group of strate... |
|
|
Kennedy Wilson Announces $32.6M Equity Private Placement
August 16, 2010| Fairfax Financial increases investment in KW
BEVERLY HILLS, Calif. (August 16, 2010) – International real estate investment and services firm Kennedy Wilson (NYSE: KW) today announced that the company sold and issued 32,550 shares of its convertible Series B preferred stock in an equity private placement to Toronto based Fairfax Financial Holdings Limited. The proceeds from the offering, totaling $32,550,000, were used to finance the company’s repurchase of its 7% convertible subordinated... |
|
|
Kennedy Wilson Reports Second Quarter Earnings
August 09, 2010| BEVERLY HILLS, Calif. (August 9, 2010) - Kennedy-Wilson Holdings, Inc. (NYSE: KW) ("Kennedy Wilson" or the "Company"), an international real estate investment and services company, today reported second quarter 2010 net income attributable to Kennedy Wilson Holdings, Inc. common shareholders of $8.5 million (or $0.22 per basic share, $0.20 per diluted share). Adjusting for the amortization of non-cash compensation, net income was $10.5 million (or $0.27 per basic share, $0.24 per diluted share).... |
|
|
Kennedy Wilson to Announce Second Quarter 2010 Earnings
August 05, 2010| Kennedy-Wilson Holdings, Inc. to hold conference call and webcast to discuss second quarter financial results
BEVERLY HILLS, Calif. (August 5, 2010) – International real estate investment and services firm Kennedy-Wilson Holdings, Inc. (NYSE: KW) will release its second quarter 2010 financial results on Monday, August 9, 2010 after the market closes. The company will hold a live conference call and webcast to discuss results on Tuesday, August 10th at 1:30 p.m. PT/ 4:30 p.m. ET.
The dire... |
|
|
Kennedy Wilson Increases Multifamily Acquisition Efforts in Bay Area
August 03, 2010| BEVERLY HILLS, Calif. (August 3, 2010) – Robert Hart, president and CEO of KW Multifamily Management Group, a division of international real estate investment and services company Kennedy Wilson (NYSE: KW), today announced that Kurt Zech, senior managing director of acquisitions, has relocated to the San Francisco Bay Area to open a regional office for the division. Zech will focus on originating new multifamily and condominium acquisition opportunities in Northern California, where the company ... |
|
|
Kennedy Wilson Announces 2010 Annual Meeting
July 30, 2010| BEVERLY HILLS, Calif. (July 30, 2010) – International real estate investment and services company Kennedy Wilson’s (NYSE: KW) annual meeting of shareholders will occur at 9:00 a.m. PT on Thursday, August 26, 2010. The annual meeting will be held at the Beverly Wilshire in Beverly Hills, California. The record date for determination of shareholders entitled to vote at the annual meeting was July 2, 2010.
About Kennedy Wilson
Founded in 1977, Kennedy Wilson is an international real estate invest... |
|
|
Kennedy Wilson Sells Over $19M at Los Angeles Auctions
July 20, 2010| Condos in Rolling Hills Estates and Pasadena sold
BEVERLY HILLS, Calif. (July 20, 2010) – International real estate investment and services company Kennedy Wilson (NYSE: KW) today announced that it offered and sold all 18 condominiums at Silver Spur Court in Rolling Hills Estates, CA for $13 million at an auction it conducted at the Manhattan Beach Marriott. The company also sold nine condominiums at Vista Del Arroyo in Pasadena, CA for $6 million at an auction it conducted the same day at the ... |
|
|
Kennedy Wilson Closes $1.1 Billion Of Transactions Over Last Seven Months
July 19, 2010| BEVERLY HILLS, Calif. (July 19, 2010) – International real estate investment and services company Kennedy Wilson (NYSE: KW) today announced that since December 2009, it with its joint venture partners have closed $1.1 billion in value of new acquisitions in its core markets. The transactions include debt purchases and income properties.
“These investments are in line with the company’s focus on opportunistically growing its assets under management throughout the western U.S.,” stated William Mc... |
|
|
Kennedy Wilson And Guardian Life Acquire 180-Unit Los Angeles Condo Project
June 30, 2010| Kennedy Wilson, Guardian Life and Urban Partners team up to buy NoHo 14
BEVERLY HILLS, Calif. (June 30, 2010) – Kennedy Wilson (NYSE: KW), an international real estate investment and services firm, today announced the acquisition of NoHo 14, a 180-unit condominium project located in North Hollywood, CA. Guardian Life Insurance Company and RECP/Urban Partners participated as partners in the investment, which was purchased as an REO asset from Bank of America.
“We are excited about our continued... |
|
|
Kennedy Wilson Joining Russell 2000® Index
June 23, 2010| Kennedy Wilson Holdings, Inc. set to join Russell Investments’ stock index
BEVERLY HILLS, Calif. (June 23, 2010) – International real estate investment and services company Kennedy Wilson (NYSE: KW) today announced that the Company will join the Russell 2000® Index when Russell Investments reconstitutes its comprehensive set of U.S. and global equity indexes on June 25, 2010.
“We are very pleased about the addition of Kennedy Wilson to the Russell 2000® Index,” chairman and CEO of Kennedy Wils... |
|
|
Kennedy Wilson To Auction Condos In Pasadena And Rolling Hills Estates
June 15, 2010| Thirty Los Angeles area condos to be sold at July 11th auction
BEVERLY HILLS, Calif. (June 15, 2010) – Kennedy Wilson Auction Group, a division of international real estate investment and services company Kennedy Wilson (NYSE: KW), will conduct two auctions on Sunday, July 11, 2010. The first will be for 12 townhouses and flats at Vista del Arroyo in Pasadena, followed several hours later by 18 courtyard condos at Silver Spur Court in Rolling Hills Estates.
“These designer condos offer extraor... |
|
|
Kennedy Wilson Sells Over $13M At Texas Auction
June 08, 2010| Kennedy Wilson sells Palisade Palms condos
BEVERLY HILLS, Calif. (June 8, 2010) – International real estate investment and services company Kennedy Wilson (NYSE: KW) today announced that it offered and sold 27 homes at the 27-story twin point towers at Palisade Palms, a beachfront luxury condominium project located in Galveston, TX, through an auction it conducted on Sunday, June 6th at the Omni Houston Hotel.
The auction was standing room only, attracting over 600 people for the units, and th... |
|
|
Kennedy Wilson Adds To Loan Purchases, Acquires Note In Hawaii
May 27, 2010| BEVERLY HILLS, Calif. (May 27, 2010) – International real estate investment and services company Kennedy Wilson (NYSE: KW) today announced the purchase of a note for an undisclosed amount from a large regional bank. The collateral is located on the Big Island of Hawaii, where the firm has an extensive history.
“We continue to source deals through our long-standing relationships, which has allowed us to find attractive investment opportunities,” said Mary Ricks, CEO of Kennedy Wilson’s Commercia... |
|
|
Kennedy Wilson Announces Plan For Up To $250M Investment Partnership With Fairfax Financial
May 27, 2010| Fairfax and Kennedy Wilson team up to acquire commercial real estate assets with a focus in California
BEVERLY HILLS, Calif. (May 27, 2010) – International real estate investment and services company Kennedy Wilson (NYSE: KW) today announced the planned formation of a new partnership with Fairfax Financial Holdings Limited (TSX: FFH) (TSX: FFH.U) (“Fairfax”) to pursue acquisitions of commercial real estate assets, including purchasing loans and real property. Fairfax will provide up to a $250 m... |
|
|
Kennedy Wilson Continues Expansion Of Brokerage Services
May 20, 2010| Lee Shapiro joins Kennedy Wilson Properties
BEVERLY HILLS, Calif. (May 20, 2010) – Jim Rosten, president of Kennedy Wilson Properties, a division of international real estate investment and services company Kennedy Wilson (NYSE: KW), today announced that Lee J. Shapiro has joined the firm to provide commercial leasing and investment sales expertise in the Los Angeles area and will be based in the company’s Beverly Hills headquarters.
“We are pleased to welcome Lee to the company,” Rosten comme... |
|
|
Kennedy Wilson Attracts Up To $100M Equity Investment From Fairfax Financial
May 18, 2010| Fairfax backs Kennedy Wilson with strategic, long-term investment
BEVERLY HILLS, Calif. (May 18, 2010) – International commercial real estate investment and services company Kennedy Wilson (NYSE: KW) today announced that it entered into a stock purchase agreement with Toronto based Fairfax Financial Holdings Limited (TSX: FFH) (TSX: FFH.U) (“Fairfax”) for a commitment by Fairfax to purchase up to $100 million of Kennedy Wilson convertible preferred stock. The private placement creates a new str... |
|
|
Kennedy Wilson And Pccp Announce Joint Venture To Acquire Northern California Apartment Community
May 13, 2010| BEVERLY HILLS, Calif. (May 13, 2010) – International real estate investment and services company Kennedy Wilson (NYSE: KW) today announced that the firm has entered into an equity joint venture with PCCP to complete its acquisition of a large apartment community in Northern California.
“We found this opportunity compelling because it allowed us to invest new equity into an over-leveraged capitalization with accretive assumable debt,” stated Rob Cohen, senior vice president of PCCP. “We invested... |
|
|
Kennedy Wilson Hired As Full Service Asset Manager For The Summit On Sixth Condos
May 12, 2010| Big Rock Partners taps Kennedy Wilson for sales, marketing and asset management
BEVERLY HILLS, Calif. (May 12, 2010) – International real estate investment and services firm Kennedy Wilson (NYSE: KW) today announced that the company has been hired by Big Rock Partners as a full service asset manager for The Summit on Sixth, a 12-story luxury condominium tower in Los Angeles.
“We’re extremely happy to be working in cooperation with Big Rock,” commented Stuart Cramer, president of Kennedy Wilson... |
|
|
Kennedy Wilson Reports First Quarter Earnings
May 11, 2010| BEVERLY HILLS, Calif. (May 11, 2010) – Kennedy-Wilson Holdings, Inc. (NYSE: KW) (“Kennedy Wilson” or the “Company”), an international real estate investment and services company, today reported a first quarter 2010 loss of $0.08 per share. Adjusting for the amortization of merger-related and non-cash compensation, first quarter 2010 income would have been $0.03 per share. The Company’s proforma earnings before interest, taxes and depreciation (“proforma EBITDA”) for the first quarter... |
|
|
Kennedy Wilson To Announce First Quarter 2010 Earnings
May 10, 2010| Kennedy-Wilson Holdings, Inc. to hold conference call and webcast to discuss first quarter financial results
BEVERLY HILLS, Calif. (May 10, 2010) – International real estate investment and services firm Kennedy-Wilson Holdings, Inc. (NYSE: KW) will release its first quarter 2010 financial results on Tuesday, May 11, 2010 before the market opens. The Company will hold a live conference call and webcast to discuss results the same day at 6 a.m. Pacific Time/ 9 a.m. Eastern Time.
The direct dial-... |
|
|
Kennedy Wilson Acquires $41M Loan Portfolio
May 03, 2010| Company’s note purchases total over $510 million in the last five months
BEVERLY HILLS, Calif. (May 3, 2010) – International real estate investment and services company Kennedy Wilson (NYSE: KW) today announced that it has acquired a $41 million loan portfolio from a large regional bank. The transaction terms included seller financing and a profit sharing agreement between Kennedy Wilson and the selling bank.
“This acquisition is another example of our ability to find creative ways to help ban... |
|
|
Kennedy Wilson Announces Significant Multifamily Acquisition
April 30, 2010| Kennedy Wilson purchases 600+ unit project in Northern California
BEVERLY HILLS, Calif. (April 30, 2010) – International real estate investment and services firm Kennedy Wilson (NYSE: KW) today announced that the company has acquired a large apartment community in Northern California. Kennedy Wilson purchased a 100% equity interest and assumed the existing financing.
Robert Hart, president and CEO of Kennedy Wilson Multifamily, commented, “This project exemplifies our ability to leverage our s... |
|
|
Kennedy Wilson Continues Efforts To Acquire Distressed Condos
April 19, 2010| Stephen Jordan joins Kennedy Wilson Residential Investments
BEVERLY HILLS, Calif. (April 19, 2010) – Stuart Cramer, president of KW Residential Investments, a division of Kennedy Wilson (NYSE: KW), a Beverly Hills-based international real estate investment and services company, today announced that Stephen Jordan has joined the firm as managing director of acquisitions. Jordan will focus on acquiring distressed condominium projects in the western region of the U.S.
Cramer stated, “We’re thrill... |
|
|
Kennedy Wilson Celebrates Transfer To NYSE from NYSE Amex
April 14, 2010| NEW YORK, April 14, 2010 – Kennedy Wilson, a Beverly Hills, Calif.-based real estate investment and services company today celebrated its transfer to the NYSE following the November merger between Kennedy-Wilson Holdings, Inc. and Prospect Acquisition Corp. Kennedy Wilson began NYSE trading on March 19 under the ticker symbol “KW”.
"We are very pleased to be on the New York Stock Exchange among some of the world's leading companies," William J. McMorrow, Kennedy Wilson's chairman and CEO, said.... |
|
|
Kennedy Wilson Sells Over $20M At Two Auctions In Single Weekend
April 13, 2010| Northshore and John Ross condominiums sold at Kennedy Wilson auctions
View More Images
var gal_urls = ['/img/content/galleries/300/john ross 1.jpg','/img/content/galleries/300/IMG_1914.jpg'];
BEVERLY HILLS, Calif. (April 13, 2010) – International real estate investment and services company Kennedy Wilson (NYSE:KW) today announced that it offered and sold 19 units of Northshore, a condominium project located in Tempe, Arizona, and 47 units of John Ross, a condominium project loc... |
|
|
Kennedy Wilson Announces Acquisition Of Sachse Real Estate
April 12, 2010| Kennedy Wilson welcomes Ed Sachse and team to enhance fully integrated real estate investment, brokerage and management services company.
BEVERLY HILLS, Calif. (April 12, 2010) – International real estate investment and services firm Kennedy Wilson (NYSE: KW) today announced an agreement to acquire Beverly Hills based commercial brokerage and property management company Sachse Real Estate. The combination will expand the retail capability of Kennedy Wilson’s investments, brokerage and managemen... |
|
|
Kennedy Wilson Expands Presence In Las Vegas Market
April 08, 2010| Kennedy Wilson welcomes Marge Landry and tea
BEVERLY HILLS, Calif. (April 8, 2010) – International real estate investment and services company Kennedy Wilson (NYSE: KW) today announced that Marge Landry has joined the firm. Her addition will allow Kennedy Wilson to expand its services and resources in the Las Vegas real estate market and surrounding areas.
“I am very pleased to welcome Marge and her team to Kennedy Wilson,” Jim Rosten, president of Kennedy Wilson Properties, commented. “The co... |
|
|
Kennedy Wilson Increases Efforts to Acquire Distressed Assets in the Mountain States
April 06, 2010| Rob Verratti joins Kennedy Wilson Multifamily as acquisitions manager
BEVERLY HILLS, Calif. (April 6, 2010) – Bob Hart, president and CEO of Kennedy Wilson Multifamily, a division of international real estate investment and services company Kennedy Wilson (NYSE: KW), today announced that Rob Verratti has joined the firm as acquisitions manager. Verratti will focus on distressed residential real estate asset opportunities in the Denver and Western Slope markets.
“Kennedy Wilson’s vast resources... |
|
|
Kennedy Wilson Sells $6.9M at Seattle Auction
March 30, 2010| 5th and Madison condominiums sold at Kennedy Wilson auction
BEVERLY HILLS, Calif. (March 30, 2010) – International real estate investment and services firm Kennedy Wilson (NYSE: KW) today announced that it offered and sold 17 units of 5th and Madison, a condominium project located in downtown Seattle, through an auction it conducted on Sunday, March 28th at the Grand Hyatt Seattle.
The auction was standing room only, attracting over 300 people for the units in the 24-story tower known for its ... |
|
|
Kennedy Wilson to Auction Luxury Condominiums in Downtown Los Angeles
March 22, 2010| 45 Lofts at 655 Hope to be sold at auction on April 18th
BEVERLY HILLS, Calif. (March 22, 2010) – Kennedy Wilson Auction Group, a division of international real estate investment and services firm Kennedy Wilson (NYSE: KW), will conduct a grand opening auction for 45 luxury loft condominiums at 655 Hope, located at the corner of 7th and Hope St. The auction will take place at the Sheraton Los Angeles Downtown at 1 p.m. on Sunday, April 18, 2010.
“This auction hands buyers a golden opportunity ... |
|
|
Kennedy-Wilson Holdings, Inc. Reports Fourth Quarter and Full Year 2009 Earnings
March 17, 2010| BEVERLY HILLS, Calif. (March 17, 2010) – International real estate investment and services firm Kennedy-Wilson Holdings, Inc. (NYSE Amex: KWIC) (“Kennedy Wilson” or the “Company”) today reported a fourth quarter 2009 loss of $0.34 per share. Adjusting for merger related expenses, fourth quarter 2009 income would have been $0.23 per share.
The net loss for the year ended December 31, 2009 was $0.57 per share. Adjusting for merger related expenses, full year 2009 net income would have... |
|
|
Kennedy Wilson to Announce Fourth Quarter and Full Year 2009 Earnings
March 16, 2010| Kennedy-Wilson Holdings, Inc. to hold conference call and webcast to discuss 2009 financial results
BEVERLY HILLS, Calif. (March 16, 2010) – International real estate investment and services firm Kennedy-Wilson Holdings, Inc. (NYSE Amex: KWIC) will release its fourth quarter and full year 2009 financial results on Wednesday, March 17, 2010. The Company will hold a live conference call and webcast to discuss results at 6 a.m. Pacific Time/ 9 a.m. Eastern Time on Thursday, March 18, 2010.
The di... |
|
|
Kennedy Wilson to List on NYSE
March 15, 2010| Kennedy-Wilson Holdings, Inc. announces approval for listing of its common stock on the New York Stock Exchange
BEVERLY HILLS, Calif, (March 15, 2010) — International real estate investment and services company Kennedy-Wilson Holdings, Inc. (“Kennedy Wilson” or the “Company”) (NYSE Amex: KWIC) announced today that it has received authorization to list its common stock on the New York Stock Exchange (NYSE) and anticipates that trading will begin on or about March 19, 2010 under the symbol “KW”.
... |
|
|
Kennedy Wilson Sells Over $7.3M in Downtown Austin Auction
March 02, 2010| BEVERLY HILLS, Calif. (March 2, 2010) – International real estate investment and services firm Kennedy Wilson (NYSE Amex: KWIC) announced today that it offered and sold 31 units of Sabine on Fifth, a condominium project located in downtown Austin, through an auction it conducted on Sunday, February 28th at the Hilton Austin Downtown.
Over 500 people attended the auction, which spurred a competitive bidding war for the one and two bedroom units of the 10-story former office building that was con... |
|
|
Kennedy Wilson Announces New Strategic Alliance
February 26, 2010| BEVERLY HILLS, Calif. (February 26, 2010) – Kennedy Wilson (NYSE Amex: KWIC) today announced the formation of a strategic alliance between Keller CMS, Urban Partners and Kennedy Wilson. The alliance will pursue a variety of real estate related activities, including property management and construction related functions. Paul Keller and Matt Burton of Urban Partners and Bob Hart and Stuart Cramer of Kennedy Wilson will spearhead the effort.
“This is a highly experienced group of real estate and ... |
|
|
Kennedy Wilson and Major International Financial Institution Acquire $342M Loan Portfolio
February 24, 2010| Kennedy Wilson Completes Largest Acquisition in Company History
Beverly Hills, Calif. (February 24, 2010) – International real estate investment and services investment firm Kennedy Wilson (NYSE Amex: KWIC) today announced that it has acquired a $342 million loan portfolio from a large regional bank. The acquisition is the first in a newly formed investment platform that Kennedy Wilson has created with a leading international financial institution. The venture will focus on acquiring sub-perfor... |
|
|
Kennedy Wilson Expands Team with New Hire
February 18, 2010| Kennedy Wilson Hires Christina Cha as Marketing and Communications Manager
Beverly Hills, Calif. (February 18, 2010) - Donald J. Herrema, Executive Vice Chairman, of Kennedy Wilson, (NYSE Amex: KWIC) announced that Christina Cha has joined the company as Marketing and Communications Manager. Cha will spearhead Kennedy Wilson’s marketing and corporate communication efforts and be based in the company’s headquarters in Beverly Hills, California.
“Christina brings a unique combination of abilitie... |
|
|
Kennedy Wilson Launches Debt Origination Platform
February 05, 2010| BEVERLY HILLS (February 5, 2010) Kennedy Wilson, (NYSE Amex: KWIC) Mary Ricks, Vice Chair and Co-CEO of the Company’s Commercial Investment Group, today announced the appointment of Joan Kramer as Managing Director to head the company’s newly formed debt origination platform. Kramer will be located in Kennedy Wilson’s Beverly Hills office.
“We are excited to have Joan join our team,” said Mary Ricks. “Her responsibilities will include sourcing loan origination business and evaluating secondary ... |
|
|
Sold! Kennedy Wilson Closes Out Signature Los Angeles Condominium Project
February 05, 2010| LOS ANGELES, Calif. (February 5, 2010) – Kennedy Wilson (NYSE Amex: KWIC) is pleased to announce that it has sold and closed the remaining 149 units in The Mercury. In June 2009, Kennedy Wilson acquired the remaining 149 units in The Mercury - a 22-story luxury condominium tower on the corner of Wilshire Boulevard and Western Avenue in the Koreatown neighborhood of Los Angeles, CA. Built in 1963 as the headquarters of the Getty Oil Company, The Mercury underwent an adaptive reuse conversion from... |
|
|
Kennedy Wilson Expands Service Business
February 04, 2010| Auction Group Hires Business Development Executive in New York
BEVERLY HILLS (February 4, 2010) Kennedy Wilson Auction Group a division of the international real estate services and investment firm Kennedy Wilson, (NYSE Amex: KWIC) announced today that Jack F. Kennedy has been named vice president, Business Development. Jack is joining the group’s rapidly growing business development team nationwide and will be working in Kennedy Wilson’s New York Office.
“We are very pleased that Jack decided... |
|
|
Bradley Adams Joins Kennedy Wilson as Managing Director Acquisitions, San Diego, California
February 04, 2010| BEVERLY HILLS, Calif. (February 4, 2010) – Robert Hart, president and chief executive officer, Kennedy Wilson Multifamily, a division of the of the international real estate services and investment firm Kennedy Wilson, today announced the appointment of Bradley N. Adams as managing director, acquisitions. Adams will be in Kennedy Wilson’s San Diego office which will open simultaneous with his appointment.
“In response to our growing multifamily and residential business platform, we are pleased ... |
|
|
Grand Reopening Auction For 27 Luxury Condominiums At Sabine On Fifth , February 28, 2010
February 02, 2010| Auction Fever Has Returned to Austin
Beverly Hills, Calif. (February 2, 2010) - Kennedy Wilson Auction Group, a division of the international real estate services and investment firm Kennedy Wilson, will conduct an auction of 27 luxury condominiums at Sabine on Fifth, a beautifully designed, in-demand 10-story community set on Waller Creek in the heart of downtown Austin's entertainment district. This highly anticipated grand reopening auction is truly of grand proportion and will take place at... |
|
|
Kennedy Wilson Expands Service Business
January 11, 2010| Auction Group Hires Senior Business Development Executive in Hawaii
BEVERLY HILLS (January 11, 2010) Kennedy Wilson Auction Group a division of the international real estate services and investment firm Kennedy Wilson, (NYSE Amex: KWIC) announced today that Joel LaPinta has been named Vice President, Business Development. Joel is joining the group’s rapidly growing business development team nationwide.
“We are very pleased that Joel decided to join our growing team,” said Rhett Winchell, presi... |
|
|
Baxter Renews/Expands at The Oaks at Westlake
December 14, 2009| Beverly Hills, CA (December 14, 2009) KW Commercial Investment Group, a division of the international real estate services and investment firm Kennedy Wilson, announced that it has renewed and expanded a lease with Baxter Healthcare Corporation at 1 Baxter Way in Thousand Oaks in one of the largest lease transactions to be completed in Los Angeles County this year.
Baxter Healthcare Corporation is a Baxter International Inc. Company, a global healthcare company that assists healthcare profess... |
|
|
Siguler Guff and Kennedy Wilson Form $108 Million Joint Venture to Purchase Distressed Condo Project
November 30, 2009| Beverly Hills, CA (November 30, 2009) – Siguler Guff and Kennedy Wilson announced a joint venture with a total equity commitment of up to approximately $108 million (up to approximately $100 million from Siguler Guff and up to approximately $8 million from Kennedy Wilson), to pursue acquisition and repositioning opportunities of distressed assets with a focus on residential condominium projects. The joint venture intends to acquire both debt and equity interests in properties through Kennedy Wil... |
|
|
Kennedy Wilson Sells $21.6 Million in Successful Close Out Auction in Downtown LA
November 17, 2009| All Units Sold and Over 1,000 Bidders Were in Attendance
Beverly Hills, Calif. (November 17, 2009). Kennedy Wilson Auction Group, a division of the international real estate services and investment firm Kennedy Wilson (NYSE Amex: KWIC) conducted a highly successful auction for the developer’s CIM and Lee Group with over 1,000 people in attendance on November 14, 2009. All 55 units up for auction at Market Lofts sold.
“The results of the Market Lofts auction are exactly what we predicted,” sa... |
|
|
Kennedy Wilson Raises Approx. $110 Million of Equity through Merger with Prospect Acquisition Corp.
November 16, 2009| Beverly Hills, Calif. (November 16, 2009). Kennedy-Wilson, Inc. announced on Friday that it has completed a reverse merger with blank check company, Prospect Acquisition Corp., which will allow the combined company, Kennedy-Wilson Holdings, Inc. (“Kennedy Wilson” or the “Company”) to have significant capital to take advantage of distressed opportunities in the real estate market and grow its auction services and property management businesses.
“This transaction is a pivotal moment in the histor... |
|
|
Kennedy-Wilson, Inc. and Prospect Acquisition Corp. Announce Closing of Business Combination
November 13, 2009| BEVERLY HILLS, Calif., Nov. 13 /PR Newswire-First Call/ -- Kennedy-Wilson, Inc. ("Kennedy-Wilson") (KWIC.PK) and Prospect Acquisition Corp. (NYSE Amex: PAX) ("Prospect" or the "Company") announced today that they have completed their business combination following the approval today by Prospect's stockholders of the transaction.
In connection with the business combination, the Company expects to continue trading its common stock and warrants on NYSE Amex under the symbols "KWIC" and "KWIC.WS"... |
|
|
The Brewster Estate Auction
November 12, 2009| A Rare Opportunity to Purchase a Custom Estate for a Fraction of its Replacement Cost.
Beverly Hills, Calif. (November 12, 2009) - Kennedy Wilson Auction Group, a division of the national real estate services and investment firm Kennedy Wilson has been retained by First Regional Bank to auction The Brewster Estate, a newly constructed 13,500 square-foot custom estate home located at 4866 Brewster Drive in Tarzana, CA. The Tuscan-style estate sits atop nearly an acre and a half of sprawling pa... |
|
|
Kennedy Wilson, Inc. And Prospect Acquisition Corp. Announce Execution Of Definitive Merger Agreemen
November 02, 2009| Kennedy-Wilson, Inc. (“Kennedy Wilson”) (KWIC.PK), a vertically-integrated real estate investment and services company headquartered in Beverly Hills, CA, with 21 offices throughout the U.S. and Japan, and Prospect Acquisition Corp. ("Prospect") (NYSE Amex: PAX), a special purpose acquisition company with approximately $248 million of cash, today announced that they have signed a definitive agreement under which they plan to combine. The proceeds of the transaction will enable Kennedy Wilson to ... |
|
|
Kennedy Wilson Conducts a Highly Successful Auction in Castro Valley, California
October 25, 2009| What a Difference a Day Makes
Beverly Hills, Calif. (October 25, 2009). Kennedy Wilson Auction Group, a division of the national real estate services and investment firm Kennedy Wilson conducted a highly successful auction on October 25, 2009 of new luxury condominiums at Forest Circle, in Castro Valley, California. This highly anticipated one day auction was a complete sell out of all the remaining homes.
“I am thrilled about the results of this auction, said Rhett Winchell, president of th... |
|
|
Kennedy Wilson Conducts a Highly Successful Auction in Canada
October 07, 2009| Beverly Hills, Calif. (October 7, 2009). Kennedy Wilson Auction Group, a division of the national real estate services and investment firm Kennedy Wilson conducted a highly successful auction on October 3, 2009 of new luxury condominiums at Lake Windermere Pointe, a Pointe of View Development, situated in Invermere, British Columbia. This highly anticipated auction was the first of its kind in Canada.
“I am thrilled about the results of this auction, said Doug McIntosh/Development Partner. “M... |
|
|
Kennedy Wilson Auction Groups Takes Canada By Storm
October 06, 2009| Beverly Hills, Calif. (October 6, 2009). Kennedy Wilson Auction Group, a division of the international real estate services and investment firm Kennedy Wilson conducted a successful auction in Calgary, Alberta, Canada of 40 luxury condominiums situated at the Lake Windermere Pointe Development in Invermere, B.C., near the Alberta border, on October 3, 2009. This highly anticipated auction was the first of its kind in Canada.
The success of the auction may say more about Alberta's real estate ... |
|
|
Bethe Joins Kennedy Wilson As Senior Managing Director
September 29, 2009| BEVERLY HILLS, Calif. (September 29, 2009) – Donald J. Herrema, Executive Vice Chairman and CEO of the recently formed division Kennedy Wilson Capital Markets, announced today that the company has hired Donald M. Bethe to serve as Senior Managing Director of the division. Bethe will be based in the company’s main office in Beverly Hills, California.
“I feel fortunate to have Don join our team” said Herrema who is based in the company’s New York office. “I have known Don Bethe for more than 11... |
|
|
California Real Estate Veteran Andrew Levant Rejoins Kennedy Wilson as Senior Managing Director
September 29, 2009| BEVERLY HILLS, Calif. (September 29, 2009) Kennedy Wilson Auction Group announces that it has appointed Andrew Levant as Senior Managing Director, Business Development. Levant is re-joining the group’s rapidly growing business development team in Beverly Hills after spending the past 10 years working primarily as a commercial mortgage broker.
“We are pleased to have Andy back with the firm” said Rhett Winchell, president of the Kennedy Wilson Auction Group. “We worked together in the past and... |
|
|
State Farm Selects The Oaks At Westlake
September 11, 2009| Beverly Hills, CA (September 11, 2009) KW Commercial Investment Group, a division of the international real estate services and investment firm Kennedy Wilson welcomes State Farm Mutual Automobile Insurance Company to The Oaks At Westlake. The Oaks is one of the premier office buildings in the Westlake Village/Thousand Oaks market and boasts one of the most recognizable locations in the Conejo Valley.
State Farm Mutual Automobile Insurance Company, the leading US personal lines property/casua... |
|
|
24 Luxury Condominiums Will Go To Auction In Santa Fe, Nm On October 4, 2009
September 10, 2009| Incredible Buying Opportunity and Savings for Homeowners looking to Buy a Home in the Oldest Capital in America
Beverly Hills, Calif. (September 10, 2009). Kennedy Wilson Auction Group, a division of the international real estate services and investment firm Kennedy Wilson, will be conducting a close out auction of 24 new casita-style condominiums located at Zocalo, Santa Fe, NM on Sunday October 4, 2009. The auction will be held at The Bishop’s Lodge Resort & Spa, in Santa Fe, and will commenc... |
|
|
Grand Opening Auction Of Oxnard Garden
September 01, 2009| Eleven Homebuyers in North Hollywood, CA Outbid Hundreds To Purchase a New Home
BEVERLY HILLS, Calif. (September 1, 2009) – Kennedy Wilson Auction Group, a division of the international real estate services and investment firm Kennedy Wilson, conducted an auction of 11 new single family homes in North Hollywood, California on August 30, 2009 at the Sheraton Universal Hotel, Universal City.
It was standing room only as the crowd of nearly 400 began to stream into the hotel more than two hours... |
|
|
64 Luxury Town Homes & Condominiums Will Cross The Auction Block In Dallas On September 19, 2009
August 21, 2009| First Multi-Property Auction in the Communities of Dallas and Fort Worth, and Ruidoso, New Mexico
Beverly Hills, Calif. (August 21, 2009) - Opportunity comes in many shapes and forms, but rarely does it come in four different varieties at once. Kennedy Wilson Auction Group, a division of the international real estate services and investment firm Kennedy Wilson, announces that it will be conducting a multi-property auction in Dallas on September 19, 2009. This highly anticipated event, the first... |
|
|
35 Luxury Condominiums At The Dalton In Pasadena, California To Be Auctioned On August 16, 2009
July 28, 2009| Beverly Hills, Calif. (July 28, 2009) - Kennedy Wilson Auction Group, a division of the international real estate services and investment firm Kennedy Wilson, will be conducting a grand opening auction for 35 luxurious, loft-style condominiums at The Dalton in Pasadena. The lure of exceptionally low starting bids is building excitement among frustrated first-time homebuyers shut out of Pasadena's desirable downtown until now.
The potential savings are indeed spectacular. Successful bidders wi... |
|
|
Kennedy Wilson Auction Group Appoints Jeff Condon as Vice President, Business Development
June 24, 2009| BEVERLY HILLS, Calif. (June 24, 2009) Kennedy Wilson Auction Group announced today that Jeffrey Condon has been named Vice President, Business Development. Condon is joining the group’s rapidly growing business development team in Beverly Hills.
“We couldn’t be more pleased that Jeff decided to join our growing team here in Southern California,” said Rhett Winchell, president of the Auction Group. “Jeff comes to us from Zetabid, a residential real estate marketing company, where he was a seni... |
|
|
Herrema Joins Kennedy Wilson As Executive Vice Chair
June 17, 2009| KW Capital Markets to Be Based in New York
BEVERLY HILLS, Calif. (JUNE 17, 2009) – William J. McMorrow, chairman and chief executive officer of real estate services and investment firm/advisory firm Kennedy Wilson, today announced the appointment of Donald J. Herrema as executive vice chairman of the company and chief executive officer of its newly formed division Kennedy Wilson Capital Markets. Herrema will also join the company’s Executive Committee and be located in Kennedy Wilson’s New York... |
|
|
Partnership Led By Kennedy Wilson Acquires Signature Los Angeles Condominium Project
June 15, 2009| KW Acquisitions in Last 12 Months Reach 1,000 Residential Units Valued at $250 Million
LOS ANGELES, Calif. (June 15, 2009) – An investment partnership led by the international real estate services and investment firm Kennedy Wilson has acquired the remaining 149 units in The Mercury, a 22-story luxury condominium tower on the corner of Wilshire Boulevard and Western Avenue, from investors led by Forest City Residential West. Vince Norris of Hendricks & Partners represented both the buyer an... |
|
|
Kennedy Wilson Auction Group Creates Commercial Auction Division
June 05, 2009| BEVERLY HILLS, Calif. (June 5, 2009) – Kennedy Wilson Auction Group, a division of the international real estate services and investment company Kennedy Wilson, announces the formation of its Commercial Auction Division. Clifford Smith, senior vice president of Kennedy Wilson’s Commercial Investment Group (KW Investments) has been appointed to lead the commercial auction division, according to Rhett Winchell, president of the Auction Group. “We’re excited about this newly formed division, and co... |
|
|
College Square Apartments Wins “2009 Best Of Davis” Award
June 01, 2009| KW Property Fund III Asset Receives Top Honors for Second Consecutive Year
BEVERLY HILLS, Calif. (June 1, 2009) – College Square Apartments, a 6.6-acre, 240-unit apartment community located in Davis, CA, has been recognized with a “2009 Best of Davis Award” given by the U.S. Local Business Association (USLBA). An asset of KW Property Fund III, College Square has earned this praiseworthy distinction in the wards’ “Apartments” category for the second straight year.
“Kennedy Wilson focuses on a... |
|
|
Kennedy Wilson Auction Group Appoints Anthony Bains As Vice President
April 14, 2009| BEVERLY HILLS, Calif. (April 14, 2009) – Rhett Winchell, president of the Kennedy Wilson Auction Group announced that Anthony Bains has been named Vice President, Business Development. Mr. Bains is joining the group’s rapidly growing business development team in Beverly Hills.
“We couldn’t be more delighted that Anthony decided to join our growing team here in Southern California,” said Winchell. “Anthony comes to us from LandCap Partners, a national real estate investment platform owned by G... |
|
|
Kennedy Wilson Auction Group Awarded Commercial Brokerage Assignment
April 09, 2009| Kennedy Wilson to be Exclusive Broker for Pfizer Property Disposition in Portage, MI
BEVERLY HILLS, Calif. (April 9, 2009) – Kennedy Wilson Auction Group, a division of the international real estate services and investment company Kennedy Wilson, has been retained by Pfizer Inc as the broker of record for the disposition of 6901 Portage Road located just off Interstate 94, in Portage, Michigan, according to Rhett Winchell, president of the Auction Group.
This well designed, open bay atrium o... |
|
|
Kennedy Wilson Awarded 1.2 Million Square Feet of New Management Assignments
March 31, 2009| These Assignments Demonstrate Kennedy Wilson’s Deep Relationships with Financial Institutions and Advisors
BEVERLY HILLS, Calif. (March 31, 2009) – Kennedy Wilson Properties, LTD. (KWP), a division of the international real estate services and investment company Kennedy Wilson, has been retained for 1.2 million square feet of new management assignments, of which 850,000 square feet are located on the West Coast, according to Jim Rosten, president of KWP.
These new property management, asset ... |
|
|
Queen Anne Hill Condominiums Crossed the Auction Block March 22 with 12 Condos !
March 23, 2009| An Extraordinary Opportunity for Homebuyers
BEVERLY HILLS, Calif. (March 23, 2009) – Kennedy Wilson Auction Group, a division of the national real estate services and investment firm Kennedy Wilson, conducted an auction of “Queen Anne Hill”, 12 luxury Condominiums situated in Seattle's world class residential district listed on the National Register of Historic Places.
Held at the Grand Hyatt Seattle, a standing room only crowd of 200 people took advantage of this extraordinary opportunity t... |
|
|
Kennedy Wilson Announces Stock Buy Back
February 02, 2009| Up To 250,000 Shares
BEVERLY HILLS, CA — (February 2, 2009) Kennedy Wilson, Inc., an international real estate investment and services firm announced today a stock buyback program for up to 250,000 shares of the Company’s common stock, which equates to approximately 5% of the shares outstanding. The shares may be purchased in the open market or in private transactions from time to time depending on market conditions.
Founded in 1977, Kennedy Wilson is an international real estate investment ... |
|
|
