DTLA Alliance
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...
Bank of Hope Signs 50,000 SQFT Headquarters Lease at Aon Center in Downtown Los Angeles
The Korean American bank is relocating from Koreatown to the 62-story Class A tower, joining a growing roster of tenants betting on DTLA’s...
Erewhon Files Plans for 17,500-SQFT Market at 940 South Hill Street in DTLA After $13.5MM Acquisition
The upscale organic grocer’s second attempt at establishing a Downtown Los Angeles presence places it at the center of South Park’s growing residential...
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...
Fortress Closes $96MM Loan for Cityview’s 296-Unit Jasper Apartments Near Downtown Los Angeles as Multifamily Demand Outpaces Struggling Office Sector
The refinancing replaces construction debt and signals institutional confidence in DTLA-area luxury residential, even as office vacancy soars and the city’s largest-ever adaptive...
Salvation Army Lists Downtown LA Development Site for $100MM
Nonprofit seeks buyers for prime property near LA Live despite challenging office market conditions A 2.3-acre development site in the heart of downtown...
Los Angeles at Crossroads: $2.2 Billion Convention Center Expansion Faces Critical Vote
Los Angeles city officials are assessing a $2.2 billion expansion and modernization of the Convention Center, crucial for economic growth but facing budget...
