The City of Los Angeles rejects a $470 million credit bid from KPC and Lendlease for the unfinished Oceanwide Plaza development, delaying the project's ownership transition.
The $470 million credit bid submitted by KPC and Lendlease for the stalled Oceanwide Plaza project in downtown Los Angeles has been rejected by city officials, who cited an insufficient development plan. This development marks the latest setback for the unfinished high-rise complex, resulting in the postponement of a scheduled confirmation hearing regarding the asset's sale.
Align Real Estate files formal plans for a 766,000-square-foot mixed-use redevelopment at the Outer Richmond Safeway site in San Francisco.
Bridgeton sells the 36,000-square-foot Museum Parc mixed-use property in San Francisco's SoMa neighborhood to DPI Retail for $19.2 million.
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