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Kennedy Wilson Sells $6.3M at Portland Auction

^{Published on 2010-10-26 05:45:33 - Market Wire}
 

BEVERLY HILLS, Calif.--([ BUSINESS WIRE ])--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 24^th 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 the auction in late September and generated 1,800 inquiries in just thirty days from its marketing campaign.

"The developer realized significant sales with a dramatic reduction in inventory, all in one day."

aThe Waterside represents another successful auction conducted by Kennedy Wilson,a stated Rhett Winchell, president of Kennedy Wilson Auction Group. aThe developer realized significant sales with a dramatic reduction in inventory, all in one day.a

The Waterside condominiums were constructed to green building specifications, and each unit boasts 10 ft. ceilings, crown molding, custom fireplace mantles and hardwood flooring. The two-bedroom two-bath homes also include private, sunlit decks and slate terraces that provide views of Mount St. Helens, Mount Adams and Mount Hood as well as panoramic views of downtown Vancouver, Washington. Resident amenities include a parking garage, property video surveillance, onsite fitness area, community room and walking path.

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 ].