Kennedy Wilson Announces Grand Opening of 39 Townhomes in Los Angeles

EVERLY HILLS, CA – September 19, 2011 – (RealEstateRama) — International real estate investment and services firm Kennedy Wilson (NYSE: KW) today announced the grand opening of Toscana, a 39-unit townhome community in West Hills, which is located in the San Fernando Valley region of Los Angeles, California. A joint venture managed by the company purchased the residential project from Bank of America for $12.8 million and will officially open the homes for sale on Saturday, September 24.“This project is perfectly positioned to take advantage of the move-up buyers looking for a high quality townhouse at a very affordable price,” commented Robert Hart, president of KW Multifamily Management Group.