My first post.
I found these two articles. Essentially the same, but seemingly worded slightly differently.
This one asks for a subscription, but I was able to click through some hoops:
https://therealdeal.com/la/2021/10/29/oceanwides-la-gap-swells-to-2-3b/
This one without a subscription:
https://newsofamerica.org/2021/10/29/oce...-angeles-project-to-rise-to-2-3-billion/
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Oceanwide’s LA tab grows to $2.3B
China-based developer of stalled project on Downtown skyline pegs December 2022 finish amid talk of fire sale
Los Angeles
October 29, 2021 12:44 PM
By Isabella Farr
Oceanwide, one of the largest real estate conglomerates in China, isn’t expecting to finish its Los Angeles flagship anytime soon –– or at anywhere near the price it first put on the project.
The Shenzhen-based firm said it’s estimating the currently stalled Oceanwide Plaza won’t be completed until December 2022. It has also indicated it plans to spend a total of $2.3 billion on the project, according to financial filings analyzed by The Real Deal.
and it continues...
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I live in the neighborhood, so this is really the only subject I follow on here -- plus South Park development.