Oceanwide sale delayed, CicLAvia on April 26, and more

On Sunday April 26, CicLAvia is back with its first event of 2026 in West L.A. Between 9 am and 4 pm, visitors can check out a three-mile route along Westwood and Santa Monica Boulevards between Westwood Village and Centinela Avenue.

Once again, here are the rules: only people-powered vehicles allowed. That means no electric scooters, skateboards, hoverboards, unicycles, motorcycles and other non-people-powered vehicles are permitted. However, Class 1 e-bike pedal-assist is allowed, Class 2 e-bikes are allowed when throttle is powered off, and Class 3 e-bikes are allowed when pedal-assist is powered down. 

Here's what we're reading this week:

LA considers waiving part of local sales tax for Palisades Fire victims rebuilding homes "As Los Angeles homeowners grapple with the expense of rebuilding after last year’s devastating fires, an L.A. City Councilmember is putting forward an idea that could lower some costs." (LAist)

Downtown L.A.’s cratering real estate market is changing — rich renters are buying their buildings "Entities like Capital Group, Riot Games and L.A. County are buying office buildings, converting record vacancies into ownership opportunities." (LA Times)

Manulife proposes selling TCW Tower to LADWP for $93M "Deal for Manulife US REIT-owned office has not closed but would come out to about $129 per square foot" (TRD LA)

Construction on Sankofa Park stalled for over a year. Now, the art park has new funding and could open this fall "Destination Crenshaw’s CEO told The LA Local that work on the park will restart in April, thanks to a $3.3 million grant from the Baldwin Hills Conservancy and a $1 million county grant announced earlier this month." (The LA Local)

New Bike Lanes and Bus Lanes Underway in Culver City and Santa Monica "New protected bike lanes under construction on Colorado and Broadway in Santa Monica, and on Washington and Adams in Culver City, which is also adding shared bus-bike lanes on Washington" (Streetsblog LA)

Oceanwide Plaza buyer faces resistance, confirmation hearing pushed "Creditors KPC, Lendlease $470M purchase proposal hit with county and federal opposition, city asks for more time" (TRD LA)

Pasadena Moves Closer to Adopting 710 Stub Vision Plan "City Council shared concepts for rebuilding the community razed in the 1970s, and seemed keen on making restitution to the victims of freeway displacement." (Streetsblog LA)

Follow us on social media: 

Twitter / Facebook / LinkedIn / Threads / Instagram / Bluesky