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Real Estate Company - Kennedy Wilson
Northshore and John Ross Condominiums Sold at Kennedy Wilson Auctions
BEVERLY HILLS, Calif., Apr 13, 2010 — International real estate investment and services company Kennedy Wilson 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 located in Portland, Oregon. The units were sold through two separate auctions conducted by the company on Saturday, April 10th and Sunday, April 11th at the Fairmont Scottsdale and the Hilton Portland & Executive Tower, respectively.
The Northshore auction attracted over 300 people for the lakefront units, and sales prices nearly doubled starting bids. The John Ross auction was standing room only, with over 700 bidders, and sales prices were over 151% of minimum bids, exceeding seller expectations.
“These auctions prove once again that both buyer and seller benefit,” Rhett Winchell, president of Kennedy Wilson Auction Group, stated. “The winning bidders know they purchased the homes of their choice at fair prices. The sellers realize high volumes of sales at lower costs and are no longer subject to continued uncertainty in the market.”
Kennedy Wilson will auction 45 units of 655 Hope, a luxury condominium project in downtown Los Angeles, next Sunday, April 18th at the Sheraton Downtown Los Angeles.
About Kennedy Wilson Auction Group
Since its inception, Kennedy Wilson 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 22 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.
SOURCE: Kennedy Wilson
This is a blog post for Real Estate Professionals, Investors, Landlord, Property Manager, and Property Management Companies. Kennedy Wilson Sells Over $20M at Two Auctions in Single Weekend is brought to you by SimplifyEm Pay Rent Online and Property Management SoftwareYou might also want to read:
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