Kennedy Wilson buys majority stake in 2 suburban California offices for an undisclosed amount

Kennedy Wilson acquires stake in 2 Calif. offices

BEVERLY HILLS, Calif. — Real estate investment and services firm Kennedy Wilson said Wednesday it bought a majority interest in two suburban office buildings in Carlsbad, Calif., for an undisclosed sum.

Kennedy Wilson extended the loan on the buildings for another five years. The company said that will allow it to pursue all leasing opportunities in the market.

Key industries in the area include communications, defense, high technology, international trade, manufacturing and biotechnology.

Shares of Kennedy Wilson Holdings Inc. rose 6 cents to $10.75 in morning trading.