Kennedy-Wilson absorbs Corporate Realty Associates

The merger gives Kennedy-Wilson a tenant rep team

Los Angeles /
Mar.March 19, 2018 08:00 AM
From left to right: David Eagan, Jeremy Dee, Ed Sachse, Alan Gecht and Gary Goodgame (Credit: Elaine Lee)

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)


Related Articles

arrow_forward_ios
Westmont's Andy Plant and Westmont Village Westmont Living, iStock)
Senior community nixes industrial development for more residential
Senior community nixes industrial development for more residential
FivePoint Holdings' Dan Hedigan (Fivepoints, Ranch on the River)
FivePoint slashes workforce 29%, posts $37M loss
FivePoint slashes workforce 29%, posts $37M loss
Cedars-Sinai's Thomas Priselac and 3400 Lomita Boulevard (Cedars-Sinai, LoopNet)
Cedars-Sinai pays $70M for Torrance medical offices
Cedars-Sinai pays $70M for Torrance medical offices
IGP Business Group's Matt Ilbak and Moreno Valley Mall (IPG Business Group, Moreno Valley Mall)
Indoor mall in Moreno Valley up for mixed-use makeover
Indoor mall in Moreno Valley up for mixed-use makeover
Haim “Milo” Revah and the property at 705 N. Alta Drive in Beverley Hills (Redfin, Getty)
Foreclosed Beverly Flats home listed for $22M
Foreclosed Beverly Flats home listed for $22M
Michael Shabani with 8400 Melrose Avenue (Google Maps, iStock) Gucci, Melrose
Gucci plans flagship at Melrose & Melrose
Gucci plans flagship at Melrose & Melrose
Argent Retail's Terence Bortnick (LinkedIn, iStock)
OC commercial brokerage Argent Retail Advisors files for bankruptcy
OC commercial brokerage Argent Retail Advisors files for bankruptcy
LuMar's Babak Nehoray with10756 W Wilkins Ave (Avvo, Labyrinth)
Developers plan five-story apartment building in place of single-family home in Westwood
Developers plan five-story apartment building in place of single-family home in Westwood
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...