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China-Based Owner of Stalled Downtown Los Angeles Project Aims To Speed Sales

Oceanwide Holdings Faces Financial Pressure in Trying To Sell Oceanwide Plaza, Other Properties

A rendering of the three-tower Oceanwide Plaza project in downtown Los Angeles next to Crypto.com Arena. Construction on the project started in 2015. (CoStar)
A rendering of the three-tower Oceanwide Plaza project in downtown Los Angeles next to Crypto.com Arena. Construction on the project started in 2015. (CoStar)

The owner of a stalled downtown Los Angeles project that faces lawsuits and a defaulted loan aims to speed the sale of its properties in Southern California and beyond to pay debt.

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