Kennedy-Wilson absorbs Corporate Realty Associates
The merger gives Kennedy-Wilson a tenant rep team
Beverly Hills-based Kennedy-Wilson Holdings has absorbed Corporate Realty Associates, which brings the real estate investment company into the tenant rep game.
The absorption comes a month after four of Santa Monica-based Corporate Realty Associates’ brokers — David Eagan, Jeremy Dee, Alan Gecht, and Gary Goodgame — joined Kennedy-Wilson’s property services division.
Dee founded CRA three decades ago and first approached Kennedy-Wilson about a merger last year, CoStar reported. He indicated that his team will have a degree of freedom at Kennedy-Wilson.
“They’ve bought into our business model and they are wanting to allow us to do what we do and leverage that on their national platform,” he said.
The merger will give Kennedy-Wilson a dedicated team for office tenant representation for the first time, according to Ed Sachse, president of property services. The team will handle tenant lease administration, facilities and property management.
Kennedy-Wilson focuses on multifamily properties, with nearly 7,000 units in California of its 22,500 total units in the U.S.
[CoStar] — Dennis Lynch
From left to right: David Eagan, Jeremy Dee, Ed Sachse, Alan Gecht and Gary Goodgame. (Hoyt Organization)