In addition to 10 Burnham properties managed by its Seattle office, the Beverly Hills-based real estate services firm has just opened a branch office in Portland to handle management of seven new assignments in Oregon.

It's unclear how long Kennedy-Wilson will keep its new gig. On Tuesday, Burnham Bacific's board finalized its liquidation plan, and agreed to sell fifteen of its West Coast properties, including ones managed by Kennedy-Wilson, to Prudential Real Estate Investors for $355 million in cash.

As announced last month, Burnham Pacific is in the process of liquidating the company. Last week, the company said it is closing its Portland, Seattle and Sacramento offices and substantially reducing the size of its San Francisco and San Diego offices. In addition, the Company announced that it is terminating its duties as real estate advisor to the California Public Employees' Retirement System ("CalPERS"), and that all of its executive officers have surrendered their entire phantom stock grants.