The hearing that could seal the fate of Oceanwide Plaza has been pushed, again, and is now scheduled for July. Last time, the City of Los Angeles wanted more time. Now, new... Read more »
Oceanwide Plaza’s latest $470 million offer is encountering pushback in bankruptcy court, and more details are emerging on an all-cash offer behind the scenes that The Real Deal previously reported on. The... Read more »
Things are looking less certain for downtown Los Angeles’ infamous, incomplete graffiti-covered skyscrapers, a month after its largest creditors became a white knight buyer. The bankruptcy court on Monday approved the City... Read more »
Southern California hospital operator and hotelier Dr. Kali P. Chaudhuri’s KPC Development is looking to join with Lendlease in a bid for downtown Los Angeles’ stalled, mega-development Oceanwide Plaza, federal bankruptcy court... Read more »
Now that a federal bankruptcy judge approved an intramural battle between lenders on Oceanwide Plaza, creditors are facing a decision: Make their own or joint credit bids and try to finish the... Read more »