Bank of America, which took back NoHo 14 in North Hollywood from JSM Companies last year, has now sold the 180-unit condo project turned ghost building turned rental building to a group made up of investment firm Kennedy Wilson, Guardian Life Insurance Company and RECP/Urban Partners, according to a press release from Kennedy Wilson. Earlier in the year, Kennedy Wilson, which is more known around here for its auction division, announced it would be making a push to buy distressed properties in California, a move which seems to be working out pretty well for the company.
· KENNEDY WILSON AND GUARDIAN LIFE ACQUIRE 180-UNIT LOS ANGELES CONDO PROJECT [Kennedy Wilson News]
· Bank of America Takes Back NoHo 14 [Curbed LA]
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