Quote:
Originally Posted by Zapatan
Not really good news but not surprising either. I can't read the whole article, is there anything more than just them not paying their loans?
Someone just needs to buy it.
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That article seems like a repost of another article, however, the source article does mention that there is a potential buyer.
Quote:
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Oceanwide has also disclosed that it has signed a letter of intent to sell Oceanwide Plaza to a “potential buyer,” but has not provided further details.
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https://therealdeal.com/la/2023/06/05/oceanwide-defaults-on-loan-tied-to-unfinished-la-megaproject/
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