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Kennedy Wilson Taps Cathy Leap to Lead Pacific Northwest Region
Global real estate investment and services company Kennedy Wilson has named Cathy Leap as senior managing director of property services for the Pacific Northwest region. Leap, who brings more than 20 years of property management and commercial real estate experience to the position, has relocated to the firm’s Seattle office.
Kennedy Wilson Refinances 400-Unit Apartment Building Located in Redmond, WA
BEVERLY HILLS, CA - December 28, 2010 - (RealEstateRama) -- International real estate investment and services firm Kennedy Wilson (NYSE: KW) today announced that the company has refinanced The Onyx Apartments, a 400-unit multifamily community in Redmond, Washington. The Onyx is owned in a partnership with the LeFrak Organization. The partnership, which is a 50/50 venture between Kennedy Wilson and the LeFrak Organization, includes a total of 2,912 apartment units, all of which were purchased in 2010. The $42.5 million Onyx financing has a seven-year term and carries a fixed interest rate of 4.67%. Wells Fargo Multifamily Capital, through its Fannie Mae DUS lending program, served as the lender on the transaction