Episode: Downtown LA Crisis: One California Plaza Placed Into Receivership | $300M Default
Description: One of downtown Los Angeles’ most iconic towers, One California Plaza, has officially gone into receivership after defaulting on a $300 million debt. Once valued at nearly $459 million, the 42-story Bunker Hill skyscraper is now appraised at just $121 million—a staggering 74% drop.
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