KENNEDY WILSON INC
8-K, 1999-03-16
REAL ESTATE AGENTS & MANAGERS (FOR OTHERS)
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                      SECURITIES AND EXCHANGE COMMISSION                       
                            Washington, D.C. 20549


                       ---------------------------------

                                    FORM 8-K

                       ---------------------------------

                                CURRENT REPORT

                    Pursuant to Section 13 or 15(d) of the 
                       Securities Exchange Act of 1934

               Date of Report (Date of earliest event reported):
                                 March 15, 1999

                              KENNEDY-WILSON, INC.
                (Exact Name of Registrant as Specified in Charter)

         Delaware                    0-20418             95-4364537
(State or other Jurisdiction       (Commission        (I.R.S. Employer
     of Incorporation)             File Number)      Identification No.)

                        9601 Wilshire Boulevard, Suite 220
                          Beverly Hills, California 90210
               (Address of Principal Executive Offices)  (Zip Code)

       Registrant's telephone number, including area code: (310) 887-6400



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Item 5.      Other Events

     On March 15, 1999 Kennedy-Wilson, Inc. issued the press release attached 
hereto as Exhibit 99 and incorporated herein by this reference. 

Item 7(c).   Exhibits

Exhibit 99    Press release of Kennedy-Wilson, Inc. dated March 15, 1999


                                   SIGNATURES                                 

     Pursuant to the requirements of the Securities Exchange Act of 1934, the 
Registrant has duly caused this report to be signed on its behalf by the 
undersigned hereunto duly authorized. 

Dated:  March 15, 1999                KENNEDY-WILSON, INC. 


                                      By:      /s/ Freeman A. Lyle 
                                         --------------------------------
                                          Name: Freeman A. Lyle  
                                         Title: Executive Vice President
                                                Chief Financial Officer
                                                and Secretary



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                                       EXHIBIT INDEX  


<TABLE>
<CAPTION>
                                                                                           Sequentially
       Exhibit No.                         Exhibit                                        Numbered Page
       -----------                         -------                                        -------------
       <S>              <C>                                                               <C>
           99           Press Release of Kennedy-Wilson, Inc. dated March 15, 1999               4
</TABLE>




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                                Contact:  Freeman A. Lyle, Executive Vice
                                          President and Chief Financial Officer
                                          (310) 887-6400

FOR RELEASE MONDAY MARCH 15, 1999

KENNEDY-WILSON, INC. ANNOUNCES PROPOSED SECONDARY OFFERING OF COMMON STOCK

- -------------------------------------------------------------------------------

BEVERLY HILLS, CA - Kennedy-Wilson, Inc. (NASDAQ: KWIC), an international 
real estate services and investment company, announced today that it intends 
to sell 2 million shares of its common stock in an underwritten public offering.
The Company may issue an additional 300,000 shares to cover over-allotments.  

     A registration statement relating to these securities has been filed 
with the Securities and Exchange Commission but has not yet become effective. 
These securities may not be sold nor may offers to buy be accepted prior to 
the time the registration statement becomes effective. This announcement 
shall not constitute an offer to sell or the solicitation of an offer to buy 
nor shall there be any sale of these securities in any State in which such 
offer, solicitation or sale would be unlawful prior to registration or 
qualification under the securities laws of any such State.

     Friedman, Billings, Ramsey & Co., Inc. has been named as the managing 
underwriter of the offering. At such time as the offering commences, a copy 
of a preliminary prospectus meeting the requirements of Section 10 of the 
Securities Act of 1933 may be obtained from Friedman, Billings, Ramsey & Co., 
Inc., 1001 Nineteenth Street North, Arlington, VA 22209.

     Founded in 1977, Kennedy-Wilson, Inc. provides real estate management, 
marketing and investment services through its offices in Beverly Hills, New 
York, Chicago, Minneapolis, Houston, Tokyo and Hong Kong.  Kennedy-Wilson, 
Inc. can be visited via the internet at http://www.kennedywilson.com. 

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