Oceanwide Plaza buyer faces resistance, confirmation hearing pushed
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 of Los Angeles’ request for a continuance of the confirmation hearing that could seal the stalled-Oceanwide Plaza’s fate. It was supposed to be on April 9 but is now scheduled for May 19. But the problems go beyond the city’s plea. The Los Angeles County Treasurer and Tax Collector and the United States Trustee, a Department of Justice entity that oversees the federal bankruptcy system, have filed their […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
LA outpaces 2025 housing permitting total in first six months of the year
IKEA Is Launching 22 Designer Art Objects for the Home
$40M loan on Beverly Hills hotel in special servicing after Pomerancs miss maturity
Jaime Lee to head capital markets, investments at Kennedy Wilson
Rexford strikes $1.2B industrial portfolio deal with EQT amid strategic selloff
This Dior Executive’s Paris Apartment Is Truly a Feast for the Eyes
For €495K, You Can Co-Own a New Vipp Villa in Mallorca
Is Beverly Hills the backup Century City?
This $28.5 Million Boho Malibu Mansion Has Ties to a Rock Icon and ‘E.T.’
The Best Urban Spas in the U.S., from New York to Los Angeles
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
26895 Aliso Creek Rd, B-603, Aliso Viejo, California 92656, USA