The bankrupt Los Angeles project dubbed the “Graffiti Towers” is being acquired by a joint venture of
The Oceanwide Plaza, whose developers spent $1.2 billion, has been stalled since 2018, when the Chinese-based builders ran out of money. It was tagged by graffiti artists in 2024, earning its nickname, before being forced into bankruptcy.
“We are excited to move forward with a catalytic investment that creates a path to turn around a key part of Downtown LA,”