BEVERLY HILLS, Calif., May 19 /PRNewswire-FirstCall/ -- Kennedy Wilson Auction Group, a division of the international real estate services and investment firm Kennedy Wilson, conducted an auction of Brazos Place, 19 luxury condominiums in downtown Austin on May 17, 2009. This highly anticipated inventory closeout auction was the first of its kind in Austin.
The auction was held at the Hilton Austin Downtown, and offered a golden opportunity for anyone seeking entry into Austin's vibrant downtown to realize incredible savings! Over 500 people attended the sale with standing room only. The bidding was very active on all properties, and all sold within 90 minutes. The seller recognized that Kennedy Wilson's proactive auction program was an excellent way to sell all standing inventory in today's market. Kennedy Wilson's dynamic auction program stimulates the market, creates demand and establishes a fair value for each home.
"Both the buyers and the seller were highly motivated and as a result, all of the high bids exceeded the seller's expectation," says Rhett Winchell, president of Kennedy Wilson Auction Group. "It was a win-win auction," continued Winchell.
Brazos Place, formerly the historic Commodore Perry Hotel, is ideally located at the hub of Austin's downtown and was converted into condominium residences which combine the best of all that's modern, reflected through the mirror of historical charm. The one and two bedroom condominiums offer impressive amenities. The penthouse offers three bedrooms, a game room, three private rooftops and a 360 degree view of downtown.
Founded in 1977, Kennedy Wilson is a real estate services and investment firm headquartered in Beverly Hills, CA, with 20 offices throughout the U.S. and Japan. It seeks opportunities in partnership with clients in pursuit of above-market investor returns and higher real estate values. Kennedy Wilson Auction Group has been a leading force in the auction industry since 1977. Since inception, the Kennedy Wilson Auction Group has conducted thousands of successful auctions of residential and commercial properties throughout the United States, Europe and Asia. It conducts ballroom style, site-to-site, and on-line auctions for all types of real estate. Click http://www.kwiauctions.com/, http://www.bidkw.com/ or http://www.kennedywilson.com/ for further information.
CONTACT: RHETT WINCHELL
310/887-6446
Kennedy Wilson
CONTACT: Rhett Winchell of Kennedy Wilson, +1-310-887-6446
Web Site: http://www.kwiauctions.com/
http://www.bidkw.com/
http://www.kennedywilson.com/
