With the sale of the unfinished Oceanwide Plaza site in Los Angeles recently approved by a bankruptcy court, another project left in limbo by China-based Oceanwide Holdings’ collapse is gaining renewed momentum.... Read more »
Los Angeles Mayor Karen Bass said Tuesday that graffiti removal and blight abatement will now begin following a confirmation hearing earlier Tuesday for the sale of Oceanwide Plaza. The hearing followed Monday’s... Read more »
A federal bankruptcy court is still deciding on whether to approve the sale of Oceanwide Plaza, with the judge calling for a break two hours into the session. The City of Los... Read more »
KPC and partner Lendlease have responded to the City of Los Angeles’ concerns over their proposed $470 million purchase of Oceanwide Plaza — claiming they need the certainty of a bankruptcy court’s... Read more »
The cleanup of one of the most notorious collections of graffiti in the country has been postponed again as the proposed buyer of the stalled Oceanwide Plaza development in downtown Los Angeles... Read more »
The Real Deal reported in early April that an offer connected to Sean Burton’s Cityview was becoming a backup of sorts in the Oceanwide Plaza bankruptcy sale. Fast forward to late May... Read more »
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 »