The skyscraper known as the Graffiti Towers — officially the Oceanwide Plaza development — has reached a bankruptcy exit agreement that paves the way for a potential sale, court records show. A federal bankruptcy judge on Tuesday signed an order approving the agreement , which was filed on Jan. 28 and resolves various disputes between creditors. The Chinese-backed, mixed-use development project would have included more than 500 condos and 180 hotel rooms across three towers. But construction stalled in January 2019 as the owner — the publicly traded, Beijing-based conglomerate Oceanwide Holdings — ran out of money to pay contractors. China Oceanwide Holdings was delisted from the Hong Kong Stock Exchange last year.

Source: Los Angeles Times February 05, 2026 15:30 UTC