Kennedy Wilson Completes $147 Million of Acquisitions

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Kennedy Wilson Holdings Inc. on Tuesday said that it closed two transactions, one each in California and Hawaii, with combined value of about $147 million.

In the first deal, the Beverly Hills real estate investment and services firm said it acquired 100 percent of a Northern California office property. It also acquired 50 percent of an upscale residential project on the Big Island of Hawaii.

Kennedy Wilson so far this year has $625 million in acquisitions completed or currently under contract, and has assets under management of about $10 billion. “The company has been very active in 2011, and we continue to find opportunities in our target markets,” Chief Executive William McMorrow said in a statement.

Shares were up 1 cent, or less than 1 percent, to $12.26 in midday trading on the New York Stock Exchange.

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