Oceanwide Plaza
LA Commits $150K to Study Hotel Incentives at Oceanwide Plaza as KPC, Lendlease Plan $800MM Revival
The Los Angeles City Council authorized a $150,000 consultant study to weigh public incentives for the long-stalled Oceanwide Plaza, where new owners KPC...
Los Angeles Advances Developer-Funded Study of Hotel Incentives to Revive Oceanwide Plaza’s Graffiti Towers
The Los Angeles City Council's Economic Development and Jobs Committee has advanced a motion directing the Chief Legislative Analyst to hire consultants, paid...
Bankruptcy Court Clears $517MM Sale of Downtown LA’s Oceanwide Plaza to KPC-Lendlease Venture, Triggering Graffiti Cleanup
A federal bankruptcy judge confirmed the plan of liquidation for Downtown Los Angeles’ stalled Oceanwide Plaza, handing the graffiti-scarred megaproject to a joint...
City Pushback Stalls $470MM Sale of Downtown LA’s Oceanwide Plaza Graffiti Towers Until July
A bankruptcy court hearing that would clear the $470 million sale of Downtown Los Angeles’ unfinished Oceanwide Plaza has been postponed to July...
Bankruptcy Court Pushes Oceanwide Plaza Confirmation Hearing to May 19 After City of Los Angeles Requests Continuance
Judge Deborah J. Saltzman extends overbid, objection and reply deadlines tied to the $470MM KPC Group-Lendlease purchase proposal for the stalled three-tower complex...
Lendlease Reports $223MM Operating Loss and US Impairments on Same Day It Files $470MM Bid for Downtown LA’s Oceanwide Plaza
Australia-based builder and investment manager doubles down on its American presence with the Oceanwide acquisition even as the company absorbs write-downs across its...
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...
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...
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...
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,...
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...
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,...
