{"id":784693,"date":"2026-05-09T17:16:14","date_gmt":"2026-05-09T17:16:14","guid":{"rendered":"https:\/\/www.europesays.com\/us\/784693\/"},"modified":"2026-05-09T17:16:14","modified_gmt":"2026-05-09T17:16:14","slug":"bill-wittes-matt-mahan-donations","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/784693\/","title":{"rendered":"Bill Witte\u2019s Matt Mahan Donations"},"content":{"rendered":"

William Witte just gave Matt Mahan more money. The Related California chairman emeritus donated another<\/a> $10,000 to Mahan\u2019s California governor campaign. Witte has doled out $20,000 on his latest choice for governor. (He gave to Antonio Villaraigosa before Mahan\u2019s entry). A representative for Witte did not respond to a request for comment.\u00a0<\/p>\n

Mahan is rolling in Los Angeles real estate money<\/a>. He has collected more than a million dollars via Rick Caruso \u2014 and thousands of dollars<\/a> from Angela Aman, Jordan Kaplan, Victor Coleman, Jason Oppenheim, D. Michael Van Konynenburg and more. But the San Jose mayor is generally polling in the single digits, which has been the case since his late-entry in a very crowded race (though a recent poll he commissioned put him at 10 percent).\u00a0<\/p>\n

In back-to-back debates, it\u2019s become clear that Mahan is almost too normal. It\u2019s hard for him to have standout moments. But, he fields questions skillfully, keeps calm in contentious moments, repeatedly reminds watchers he is mayor of the third largest city and takes jabs at his rivals like everyone else.\u00a0<\/p>\n

To save, or not to save<\/strong><\/p>\n

In other debate news, during the Karen Bass, Spencer Pratt and Nithya Raman fight off, which my colleague Kari Hamanaka wrote about here<\/a>, an interesting question about downtown Los Angeles was posed: \u201cCan we afford to let it die?\u201d Well, first, none of the candidates \u2014 the mayor and councilwoman \u2014 denied it was dying. Second, their answers were more of the same.<\/p>\n

Bringing city workers back to their desk more than three days a week, keeping businesses from fleeing, making it clean and safe was Raman\u2019s answer. Pratt just stressed how unsafe downtown is \u2014 and said Raman doesn\u2019t care about safety whereas Bass at least pretends to care. Bass said we can\u2019t afford to let it die among other platitudes.<\/p>\n

Operation Oceanwide<\/strong><\/p>\n

Speaking of downtown, let\u2019s talk graffiti-covered eyesore: Oceanwide Plaza. The bankrupt, unfinished three-tower development recently filed a couple operating reports. The latest had some enlightening financials. Its balance sheet as of March 31, put total assets at $565 million \u2014 real property was about $434 million. Liabilities, a.k.a debt, was $781 million. Because the ill-famed complex is making no money, but still has expenses, losses for the month amounted to $745,000. Since it\u2019s been in bankruptcy court, losses appear to total $21 million. An Oceanwide representative declined to comment.<\/p>\n

A hearing to confirm KPC and Lendlease\u2019s $470 million purchase, mostly via a credit bid, is scheduled for later this month after being pushed<\/a> due to a plea for more time by the city. The latest on what we know here<\/a>.<\/p>\n

Q1<\/strong><\/p>\n

Earnings season is over. Here are some highlights from the latest L.A REIT calls.<\/p>\n

Douglas Emmett<\/p>\n