Graffiti Towers no longer?
The KPC-Lendlease joint venture kinda got the Oceanwide cleanup job done. The JV — Dr. Kali Chaudhuri’s outfit and the one-time general contractor on the abandoned development — had until Oct. 20 to remove the graffiti off Los Angeles’ infamous graffiti towers after the court signed off on their $470 million offer to buy the complex, mostly via a credit bid. (The price is actually anticipated to be north of $500 million after all is said and done, once the deal closes). Prior to the Oct. 20th deadline, the original Beijing-based bankrupt developer, in a status report to the court, […]This article originally appeared on The Real Deal. Click here to read the full story.
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