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Graffiti towers in Los Angeles
AECCommercialFinanceIndustry NewsLos AngelesResidential

KPC Group and Lendlease File $470MM Purchase Agreement for Stalled Oceanwide Plaza in Downtown Los Angeles

Joint venture moves to acquire the bankrupt “Graffiti Towers” through a combined disclosure statement and liquidating plan, with the court set to approve...

Graffiti towers in Los Angeles
AECCommercialFinanceIndustry NewsLos AngelesResidentialRetail

LA’s $1.2 Billion ‘Graffiti Towers’ Clear Major Bankruptcy Hurdle

Downtown development stalled since 2018 reaches settlement with creditors, paving way for potential sale ahead of 2028 Olympics After years of abandonment and...

juan-carlos-becerra-omY1r2nkmc8-unsplash-los angeles
AECFinanceHospitalityIndustry NewsResidentialRetail

Hotel101 Global Expands to Downtown LA with $14.9M Land Acquisition

Hotel101 Global, the international expansion arm of Philippine-based DoubleDragon Corporation, has acquired a premier redevelopment site at 1260 W 2nd Street in Downtown...

patrick-tomasso-gMes5dNykus-unsplash
FinanceIndustry NewsLos AngelesRetail

LA’s 1.4M SQFT Oceanwide Plaza Receives Stalking-Horse Bid for $500MM in Upcoming Auction

By Lilly Riddle An unidentified Los Angeles developer has emerged as a potential buyer for the abandoned Oceanwide Plaza in Downtown Los Angeles,...

jack-finnigan-GTuMhHKQn0U-unsplash-Los Angeles
AECCommercialFeaturedFinanceIndustry NewsLos Angeles

Oceanwide Plaza in Downtown Los Angeles Marches Toward A September Auction

The unfinished and bankrupt Oceanwide Plaza, a massive 1.4 million-square-foot development in Downtown Los Angeles, is set to be auctioned off on September...

Oceanwide-Main
AECCommercialIndustry NewsLos AngelesNews Releases

Colliers and Hilco Awarded Marketing and Disposition of Oceanwide Plaza in Los Angeles

The firms have been selected to lead an orderly sale effort of Downtown L.A.’s most ambitious development.    Los Angeles, Calif. May 7,...

AECFinanceHospitalityIndustry NewsLos AngelesResidential

Creditors Push for Sale of Oceanwide Plaza Site in Los Angeles Amid Unpaid Claims

By The Registry Staff The Oceanwide Plaza project in Downtown Los Angeles, once envisioned as a luxurious blend of condos, retail and hotel...

CommercialFinanceIndustry NewsLos Angeles

China Oceanwide Holdings Ordered to Liquidate by Hong Kong Court

By The Registry Staff China Oceanwide Holdings recently encountered significant upheaval as its shares were suspended in late September. The subsequent legal proceedings...

CommercialFinanceIndustry NewsLos Angeles

Terra Property Trust Defaults on $28.3MM Loan Tied to 100,000 SQFT Office Building in Santa Monica

By The Registry Staff The commercial real estate industry has seen a growing trend in companies defaulting on office buildings. One firm to...

AECCommercialFinanceHospitalityIndustry NewsLos AngelesResidential

China Oceanwide Holdings Defaults on $157.4MM EB-5 Loan Tied to Oceanside Plaza Project in Downtown Los Angeles

By The Registry Staff More trouble is on its way to Downtown Los Angeles. China Oceanwide Holdings, a developer based in Beijing, has...

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