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LA Commits $150K to Study Hotel Incentives at Oceanwide Plaza as KPC, Lendlease Plan $800MM Revival
The Los Angeles City Council authorized a $150,000 consultant study to weigh public incentives for the long-stalled Oceanwide Plaza, where new owners KPC...
AEG, Archer Aviation to Build Downtown L.A.’s First Vertiport at L.A. Live Ahead of LA28
AEG and Archer Aviation have struck a multiyear partnership to develop downtown Los Angeles' first vertiport at L.A. Live, planting an electric air-taxi...
Los Angeles Advances Developer-Funded Study of Hotel Incentives to Revive Oceanwide Plaza’s Graffiti Towers
The Los Angeles City Council's Economic Development and Jobs Committee has advanced a motion directing the Chief Legislative Analyst to hire consultants, paid...
Josh Kushner, Bob Iger Buy Los Angeles Lakers for Record $12.5B — Without the Arena They Play In
Venture capitalist Josh Kushner and former Disney chief executive Bob Iger have agreed to buy the Los Angeles Lakers from Mark Walter at...
Bankruptcy Court Clears $517MM Sale of Downtown LA’s Oceanwide Plaza to KPC-Lendlease Venture, Triggering Graffiti Cleanup
A federal bankruptcy judge confirmed the plan of liquidation for Downtown Los Angeles’ stalled Oceanwide Plaza, handing the graffiti-scarred megaproject to a joint...
City Pushback Stalls $470MM Sale of Downtown LA’s Oceanwide Plaza Graffiti Towers Until July
A bankruptcy court hearing that would clear the $470 million sale of Downtown Los Angeles’ unfinished Oceanwide Plaza has been postponed to July...
Los Angeles Turns Against $470MM KPC-Lendlease Bid for Oceanwide Plaza as Hearing Slips to July
The city says the proposed buyer’s development plan is not approvable as written, throwing the fate of downtown’s graffiti towers back into doubt....
Waterton Secures $77.8MM Refinancing for 293-Unit OLiVE DTLA Multifamily Community in Downtown Los Angeles
The financing package combines a $66 million Fannie Mae loan with $11.8 million in preferred equity from Tokyu Land US Corporation, replacing prior...
Bankruptcy Court Pushes Oceanwide Plaza Confirmation Hearing to May 19 After City of Los Angeles Requests Continuance
Judge Deborah J. Saltzman extends overbid, objection and reply deadlines tied to the $470MM KPC Group-Lendlease purchase proposal for the stalled three-tower complex...
Lendlease Reports $223MM Operating Loss and US Impairments on Same Day It Files $470MM Bid for Downtown LA’s Oceanwide Plaza
Australia-based builder and investment manager doubles down on its American presence with the Oceanwide acquisition even as the company absorbs write-downs across its...
KPC Group and Lendlease File $470MM Purchase Agreement for Stalled Oceanwide Plaza in Downtown Los Angeles
Joint venture moves to acquire the bankrupt “Graffiti Towers” through a combined disclosure statement and liquidating plan, with the court set to approve...
LA’s $1.2 Billion ‘Graffiti Towers’ Clear Major Bankruptcy Hurdle
Downtown development stalled since 2018 reaches settlement with creditors, paving way for potential sale ahead of 2028 Olympics After years of abandonment and...
