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Kennedy-Wilson Wins Expanded Management Duties from Burnham Pacific

PORTLAND, OR-The publicly-held real estate services firm based in Beverly Hills adds seven Oregon properties to 10 Washington properties it already manages for the San Diego-based mall REIT in the process of liquidating its portfolio

By Brian K. Miller | Updated on September 06, 2000

Kennedy-Wilson Inc. said Wednesday it has won expanded property management duties from the struggling San Diego-based mall REIT Burnham Pacific Properties.

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.

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