Los Angeles’ $1.2B Oceanwide Plaza (the “Graffiti Towers”) has been cleared for sale and possible completion more than seven years after the original Chinese developer ran out of money. The project’s bankruptcy underscores significant prior execution and financing risk, though clearing it for sale may reduce tail risk for the remaining stakeholders.
Los Angeles’ $1.2B Oceanwide Plaza (the “Graffiti Towers”) has been cleared for sale and possible completion more than seven years after the original Chinese developer ran out of money. The project’s bankruptcy underscores significant prior execution and financing risk, though clearing it for sale may reduce tail risk for the remaining stakeholders.
AI-powered research, real-time alerts, and portfolio analytics for institutional investors.
Request TrialOverall Sentiment
moderately negative
Sentiment Score
-0.55
