The cleanup of one of the most notorious collections of graffiti in the country has been postponed again as the proposed buyer of the stalled Oceanwide Plaza development in downtown Los Angeles... Read more »
The Real Deal reported in early April that an offer connected to Sean Burton’s Cityview was becoming a backup of sorts in the Oceanwide Plaza bankruptcy sale. Fast forward to late May... Read more »
The hearing that could seal the fate of Oceanwide Plaza has been pushed, again, and is now scheduled for July. Last time, the City of Los Angeles wanted more time. Now, new... Read more »
Oceanwide Plaza’s latest $470 million offer is encountering pushback in bankruptcy court, and more details are emerging on an all-cash offer behind the scenes that The Real Deal previously reported on. The... Read more »
Things are looking less certain for downtown Los Angeles’ infamous, incomplete graffiti-covered skyscrapers, a month after its largest creditors became a white knight buyer. The bankruptcy court on Monday approved the City... Read more »
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... Read more »
A buyer has emerged for the notorious graffiti-bedecked towers in downtown Los Angeles: a Riverside County developer who intends to finish the stalled $1.2-billion project. The proposed buyer of the residential, hotel... Read more »
Now that a federal bankruptcy judge approved an intramural battle between lenders on Oceanwide Plaza, creditors are facing a decision: Make their own or joint credit bids and try to finish the... Read more »
Downtown Los Angeles’ infamous eyesore is one step closer to being cleaned out. The skyscraper known as the Graffiti Towers — officially the Oceanwide Plaza development — has reached a bankruptcy exit... Read more »
How much are three abandoned, partially built luxury towers in Downtown Los Angeles worth? That’s the question raised by L.A. Downtown Investment, an EB-5 investment firm that sunk millions into the graffitied... Read more »