Kennedy Wilson, a global real estate investment and services providing company, has declared the opening of Toscana, a townhome community with 39 units in West Hills situated in the region of San Fernando Valley, Los Angeles, California.
Kennedy Wilson Announces Grand Opening of 39 Townhomes in Los Angeles. Credit: Business wire
The residential project was bought by a partnership owned by the company from the Bank of America for a value of $12.8 million. The company is planning to open the homes formally for sale from the last week of September.
Toscana, which was completed last year, was earlier called as The Villas at Sherman Place. The community comprises three and four story type of townhomes in various sizes ranging from 1900 to 2050 sq. ft. Each unit is designed with two or three bedrooms along with two or three car garages with facility for extra storage and hook-ups for washer dryer. The community also has a playground, a swimming pool and well secured gated entrances. Toscana community is located centrally in a housing district having single family houses. The area has a number of retail facilities, a medical center and the West Hills Hospital close by.
The present acquisition is the third transaction for the company and its associates with the Bank of America. Earlier, the partnership had purchased a 167 unit downtown L.A., a reuse adaptive project in Santee Village during November 2010 and North Hollywood located Noho 14 project with 180-units in June 2010.
Source: http://www.kennedywilson.com