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Foreclosure Sale Stopped for Troubled Downtown Los Angeles Project

Developer China Oceanwide Has Been Prohibited From Selling Oceanwide Plaza Through Foreclosure
The three-tower Oceanwide Plaza project sits unfinished at 1100-1198 S. Flower St. in downtown Los Angeles. (CoStar)
The three-tower Oceanwide Plaza project sits unfinished at 1100-1198 S. Flower St. in downtown Los Angeles. (CoStar)
CoStar News
August 23, 2023 | 8:36 P.M.

The Chinese developer of a high-profile project in downtown Los Angeles, China Oceanwide, has been prohibited from selling the property Oceanwide Plaza through a foreclosure sale in the latest twist for the unfinished development.

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