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Story summary
- Kali P. Chaudhuri's KPC Development Group will acquire Oceanwide Plaza in downtown Los Angeles for $470 million, with Lendlease involved.
- The deal aims to revitalize the long-abandoned "graffiti towers" that stalled in 2019.
- City leaders, including Mayor Karen Bass and Councilmember Ysabel Jurado, welcomed the sale as a step to improve downtown before the 2028 Olympics.
- Approval from the bankruptcy court is pending, with a decision expected by April 9.
