Beverly Hills, CA-based Kennedy Wilson named Ed Sachse president of Kennedy Wilson Properties LTD, the company’s commercial brokerage and property management division.
Kennedy Wilson Properties promoted former EVP Ed Sachse to president of the commercial brokerage and property management divisions.
Five hundred thousand people work in downtown L.A.; 50,000-60,000 live there. Another 10,000 housing units in downtown’s South Park neighborhood will be delivered within the next two years.
Kennedy Wilson represented the seller of the leasehold interest in the property and the buyer of the fee interest in the land. The Little Italy asset traded hands for the first time in 63 years.
DivcoWest appears to be in buying mode. The company also has partnered with Ocean West Capital Partners to acquire a seven-story, 123K SF office building at 1420 Kettner Blvd. in Little Italy, along with the 2.6-acre parcel where it sits, which had been under a ground lease.
The City of Los Angeles has turned a corner toward becoming a truly thriving, urban hub that rivals the likes of New York and Chicago.
Kennedy Wilson has closed three 10-year leases with major national retailers at South Park by Windsor, a mixed-use property located at 201 W. Olympic Blvd. in downtown Los Angeles. The leases bring the property’s retail space to 100 percent occupancy.
Kennedy Wilson completed three 10-year leases at South Park by Windsor, a mixed-use retail property in DTLA, bringing the ground-floor space to 100% occupancy. The deals total more than 12,500 square feet, and involve national retailers Chipotle, Loit and Aveda Lifestyle Salon and Spa.
Throughout his 32-year career, Fred Cordova has purchased, sold, financed, developed and leased more than 6.5 billion square feet of real estate.
Restaurants are the new black — black ink, that is. As more and more shopping centers see red, restaurants are helping them stay on the right side of the ledger.