Kennedy Wilson Auction Group, a division of the international real estate services and investment firm Kennedy Wilson, conducted an auction of 35 luxury condominiums at the Dalton located near Old Pasadena on Arroyo Parkway on August 16, 2009.
Over 1,000 enthusiastic prospective buyers, their families and friends filled one of the large ballrooms at the Hilton Pasadena Hotel to bid on the condominiums being sold at auction in order to get a piece of downtown Pasadena in the form of a sleek modern loft-style Home.
The Dalton, originally priced from $349,000 to $779,000 features 55 stylish loft and 2-bedroom condominiums ranging in size from 654 to 1,721 square feet, with spacious terraces. A select number of two-story residences have private rooftop terraces. The Dalton is a true work of art, not only in its exquisite architecture and meticulous construction, but also through the touches provided by Los Angeles artist Bob Zoell.
Rhett Winchell, president of Kennedy Wilson Auction Group, reported that over 3,000 potential buyers toured the property prior to the auction. “This just illustrates the latent demand for relatively affordable priced housing in Pasadena which has a median home price exceeding $600,000,” said Winchell.
Led by Kennedy Wilson auctioneer Dean Cullum, the bidding was very competitive and all properties sold in just over 1 ½ hours.
“We believe given the current Real Estate cycle there are several more projects like The Dalton which can benefit from our auction marketing program,” said Winchell. “The Dalton auction represents a breathtaking moment in the ever changing world of real estate,” continued Winchell.
Please check our website for upcoming sales in Dallas, Texas, Santa Fee, NM, and California.
Founded in 1977, Kennedy Wilson is a real estate services and investment firm headquartered in Beverly Hills, CA, with 20 offices throughout the U.S. and Japan. It seeks opportunities in partnership with clients in pursuit of above-market investor returns and higher real estate values. Kennedy Wilson Auction Group has been a leading force in the auction industry since 1977. Since inception, the Kennedy Wilson Auction Group has conducted many successful auctions of condominiums and single-family homes throughout the United States, Europe and Asia. It conducts ballroom style, site-to-site, and on-line auctions for all types of real estate. Click www.bidkw.com or www.kennedywilson.com for further information.