Southern California hospital operator and hotelier Dr. Kali P. Chaudhuri’s KPC Development is looking to join with Lendlease in a bid for downtown Los Angeles’ stalled, mega-development Oceanwide Plaza, federal bankruptcy court documents reveal — but things are far from over. KPC would join Lendlease, one-time general contractor for the project, in a credit bid of $470 million. There is a bigger and all-cash offer on the table: a partnership between an overseas investor and Cityview, helmed by Sean Burton, according to a person familiar with the matter. Cityview did not immediately respond to requests for comment. Chaudhuri’s company and […]
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