{"id":1004030331,"date":"2011-06-16T07:25:46","date_gmt":"2011-06-16T15:25:46","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004030331"},"modified":"2022-12-08T18:24:31","modified_gmt":"2022-12-09T02:24:31","slug":"kennedy-wilson-acquires-l-a-office-portfolio-for-143-5m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/kennedy-wilson-acquires-l-a-office-portfolio-for-143-5m\/","title":{"rendered":"Kennedy Wilson Buys $143.5M Portfolio"},"content":{"rendered":"<p>June 16, 2011<br \/>\nBy Allison Landa, News Editor<\/p>\n<p><a class=\"highslide\" href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/06\/kla4067.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004030332\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/kennedy-wilson-acquires-l-a-office-portfolio-for-143-5m\/kla4067-5\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/06\/kla4067.jpg\" data-orig-size=\"500,310\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"kla4067\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/06\/kla4067.jpg?w=500\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/06\/kla4067.jpg\" alt=\"\" title=\"kla4067\" width=\"300\" height=\"186\" class=\"alignright size-medium wp-image-1004030332\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/06\/kla4067.jpg 500w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/06\/kla4067.jpg?resize=300,186 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>Real estate investment services firm Kennedy Wilson has acquired a five-building real estate office portfolio for $143.5 million. All assets are located in the Los Angeles area, and the acquisition adds 700,000 square feet to the company\u2019s portfolio.<\/p>\n<p>It also brings the total assets under management to $9.8 billion.<\/p>\n<p>According to Kennedy Wilson executive vice chair Mary Ricks, the assets are premier properties in significantly desirable locations.<\/p>\n<p>They are located in submarkets including Beverly Hills, the Miracle Mile and Encino. The first of the five transactions closed June 15, with the remaining transactions expected to close sequentially over the coming 60 days. Kennedy Wilson\u2019s ownership position is approximately 37 percent, with remaining equity owned by Kennedy Wilson Real Estate Fund IV, Fairfax Financial and the LeFrak Org.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Los Angeles purchase adds 700,000 square feet to the company&#8217;s holdings, bringing the total assets under management to $9.8 billion.<\/p>\n","protected":false},"author":936,"featured_media":1004030332,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,21742,21747,15],"tags":[],"class_list":["post-1004030331","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-latest","category-office","category-west"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Kennedy Wilson Buys $143.5M Portfolio - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/kennedy-wilson-acquires-l-a-office-portfolio-for-143-5m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kennedy Wilson Buys $143.5M Portfolio\" \/>\n<meta property=\"og:description\" content=\"The Los Angeles purchase adds 700,000 square feet to the company&#039;s holdings, bringing the total assets under management to $9.8 billion.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/kennedy-wilson-acquires-l-a-office-portfolio-for-143-5m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2011-06-16T15:25:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T02:24:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/06\/kla4067.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"500\" \/>\n\t<meta property=\"og:image:height\" content=\"310\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Allison Landa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/kennedy-wilson-acquires-l-a-office-portfolio-for-143-5m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/kennedy-wilson-acquires-l-a-office-portfolio-for-143-5m\/\",\"name\":\"Kennedy Wilson Buys $143.5M Portfolio - 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