LA's Oceanwide Plaza 'Graffiti Towers' Cleared to Exit Bankruptcy

Los Angeles's troubled Oceanwide Plaza project, a $1.2 billion mixed-use development that earned the nickname 'Graffiti Towers' due to vandalism on its abandoned structure, has received court approval to exit bankruptcy and be sold. The complex, which has sat incomplete for over seven years since its original Chinese developer ran out of funds, now has a path forward toward potential completion or new ownership.