January 27, 2000 |
Shares in Kennedy-Wilson Inc. rose 25% after the real estate services firm said it formed a unit to manage its venture capital investments in business-to-business firms. Beverly Hills-based Kennedy-Wilson rose $2.06 to close at $10.31 on Nasdaq. Earlier the shares touched $11.25. Kennedy-Wilson formed Global Technology Corp. to manage its investments in companies such as PropertyFirst.com, an Internet-based commercial listing company, broadband provider Hotwire Inc. and EProperty.