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China Oceanwide Wants To Sell Los Angeles Tower To Retain Shanghai Properties

Cash-strapped Developer Says It’s Negotiating With a Purchaser for Oceanwide Plaza

A rendering of Oceanwide Plaza, an unfinished three-tower project in downtown Los Angeles that started construction in 2014. (CoStar)
A rendering of Oceanwide Plaza, an unfinished three-tower project in downtown Los Angeles that started construction in 2014. (CoStar)

The developer of an unfinished mixed-use project in downtown Los Angeles says it hopes to sell its development this year to get a grip on its financial troubles in L.A. and China where the company is based.

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