Kennedy Wilson Takes over $19M at Los Angeles Auctions

. July 21, 2010 . 0 Comments

International real estate investment and services company Kennedy Wilson 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 Westin Pasadena.

Over 600 people attended the Silver Spur auction and over 150 people attended the Vista del Arroyo auction, exceeding seller expectations. President of KW Auction Group, Rhett Winchell, stated that Vista Del Arroyo and Silver Spur Court were among two of the most desirable communities that he has seen sold at auction in Southern California. “Both communities are situated in coveted locations and feature luxury details and craftsmanship that drew large numbers of bidders to compete to purchase a property on auction day,” he said.

The Silver Spur condos range from two to three bedrooms and 1,602 to 2,830 square feet while the Vista Del Arroyo condos range from one to three bedrooms and 2,041 to 3,585 square feet. For more details, please visit www.bidkw.com.

About KW Auction Group

Since its inception, KW Auction Group has conducted many successful auctions of condominiums and single family homes throughout the U.S., Europe and Asia. The company manages ballroom style, site-to-site and online auctions for all types of real estate. Please visit www.bidkw.com for more information about upcoming auctions.

About Kennedy Wilson

Founded in 1977, Kennedy Wilson is an international real estate investment and services company headquartered in Beverly Hills, CA with 21 offices in the U.S. and Japan. The company offers a comprehensive array of real estate services including property and asset management, brokerage and auction services, and construction and trust management. Through its fund management and separate account businesses, Kennedy Wilson is a strategic investor and manager of real estate investments in the U.S. and Japan. For further information on Kennedy Wilson, please visit www.kennedywilson.com

Category: Property

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