Local real estate company Kennedy Wilson is said to be buying Santee Village, that cluster of three Bank of America-owned buildings in the Fashion District, according to a source. A rep for the real estate firm, which has been on a buying spree lately, didn't immediately return an email or phone call. The development first went into escrow since this spring, but it's been a mystery as to who's buying the site. CB Richard Ellis's Adam Tischer, who represents Bank of America in the sale, declined to comment on the identity of the buyer, but said the sale is expected to close October 29th. Meanwhile, who wants to bet that KW holds an auction for the condos? Perhaps they'll even list the published reserves this time. MJW Investments originally developed the project, a mixture of 162 rentals and condos.
· More Condos for Downtown? Santee Village Boomeranging Back [Curbed LA]