Luxury Condominiums Auction in Downtown Los Angeles

Kennedy Wilson Auction Group, a division of international real estate investment and services firm Kennedy Wilson (NYSE: KW), will conduct a grand opening auction for 45 luxury loft condominiums at 655 Hope, located at the corner of 7th and Hope St. The auction will take place at the Sheraton Los Angeles Downtown at 1 p.m. on Sunday, April 18, 2010.

The 17-story former office tower was converted into residential units by the SECK Group, an international builder of luxury homes, who selected Kennedy Wilson to conduct the auction. The building’s sophisticated interior design includes hardwood floors, stainless appliances and floor-to-ceiling reflective glass windows that provide panoramic city views, and the building offers high-end amenities such as a roof deck entertainment area and wet bar, a sound-proof and climate-controlled community room, an on-site fitness center and a secured, indoor garage. The building is located two blocks from downtown’s first grocery store and sits atop the LA Metro. Additionally, the location is within a short distance from the Staples Center, MOCA, Walt Disney Concert Hall, L.A. Live, Nokia Theater and the Arts District.

Kennedy Wilson will be hosting informational buyer seminars at 1:30 p.m. and 2 p.m. on Saturday, April 10 at 655 Hope. The deadline to register for the auction is April 15. For more information, go to www.655hopeauction.com.