Kennedy Wilson has been retained by U.S. Bank to auction off $80.9 million in commercial REO properties in six states. The portfolio consists of 12 properties in Arkansas, California, Colorado, Florida, Nevada and Oregon and includes Class A office buildings, retail centers, commercial land and oceanfront property that had been pegged for a luxury condominium project. The auction arm of Kennedy Wilson, a real estate investment and services firm based in Beverly Hills, Calif., is handling the property sale. Bids, due Sept. 21, may be submitted for individual properties or for bulk purchases. Funding must occur by Sept. 29 with closing by Sept. 30.
Kennedy Wilson to auction $80.9 million commercial REO portfolio for U.S. Bank
Most Popular Articles
Latest Articles
Spring housing market gets more inventory
We’ve now had back-to-back weeks of healthy housing inventory growth, making spring 2024 much healthier than spring 2023.
-
The best real estate podcasts for agents and brokers in 2024
-
Home sellers saw their profits shrink in the first quarter: Attom
-
If reelected, Trump could seek greater control over Federal Reserve
-
Acra CEO Keith Lind on staying the course amid choppy waters in non-QM
-
HUD walks back some proposed changes to HECM for Purchase program