Beverly Hills, CA – July 29, 2009 – (RealEstateRama) — Kennedy Wilson Auction Group, a division of the international real estate services and investment firm Kennedy Wilson, will be conducting a grand opening auction for 35 luxurious, loft-style condominiums at The Dalton in Pasadena. The lure of exceptionally low starting bids is building excitement among frustrated first-time homebuyers shut out of Pasadena’s desirable downtown until now.

The potential savings are indeed spectacular. Successful bidders will enjoy spacious loft-style downtown condominiums with up to 2 bedrooms, 2.5 baths, ranging from 654 square feet to 1721 square feet of luxurious living space and a host of appealing amenities.

The seller has arranged a range of excellent financing programs. Auction day purchasers are also eligible for a “Special Incentive”, in which the seller will credit up to $2,000 toward non-recurring closing costs (based on lender guidelines) by the seller at the close of escrow.

Rhett Winchell, President of Kennedy Wilson’s Auction Group, shares the excitement with potential homebuyers about the upcoming auction at The Dalton. “These 35 condos offer entry into the southern California lifestyle at its best, and at affordable prices,” states Winchell. “This auction presents buyers with a golden opportunity that may never come around again,” continued Winchell.

The Dalton is a 4-story; contemporary-styled condominium and loft residence situated just steps away from Pasadena’s famed Colorado Boulevard and Historic Old Town. The building itself boasts a number of design features that bring out the very best in style, luxury and sophistication. Dramatic custom art murals by renowned Los Angeles-based artist Bob Zoell give The Dalton’s exterior a bold and beautiful look, while on the inside, appealing loft construction featuring floor to ceiling gallery walls invite residents to display their own personal taste in art. Expansive windows gather abundant sunlight and 11-foot ceilings create a unique and pleasing ambiance. Residents of The Dalton also enjoy the use of three exclusive courtyards, private balconies, and a rooftop terrace.

Kennedy Wilson’s highly anticipated inventory grand opening auction for 35 luxury condominiums at The Dalton begins at 1PM on Sunday, August 16, 2009 at the Hilton Pasadena, 168 South Los Robles Avenue, Pasadena, CA 91101, 626-577-1000. Registered bidders can familiarize themselves with the auction process, terms & conditions and registration procedures at a “How to Buy” informational seminar hosted by Kennedy Wilson beginning at 7PM on Thursday August 6th at The Dalton Auction Information Office.

A specially designed auction web service portal has been set up for registered bidders who may be unable to attend in person but still want to participate. To learn more about Kennedy Wilson’s “online” auction access and the auction itself, please visit The Dalton Auction Information Office, open daily from 11AM to 6PM at 238 South Arroyo Parkway, Pasadena, CA 91107, or phone 626-796-9782. The deadline for registration is Thursday, August 13. Further information is available via the auction website at www.theDaltonAuction.com

Founded in 1977, Kennedy Wilson is a real estate services and investment firm headquartered in Beverly Hills, CA, with 21 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 many successful auctions of condominiums and single-family homes 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 www.kwiauctions.com, www.bidkw.com or www.kennedywilson.com for further information.


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