Los Angeles
Jun 5, 2023
Oceanwide defaults on loan tied to unfinished LA megaproject
Beijing developer of Oceanwide Plaza “failed to complete construction” and owes $157M
Oceanwide
Los Angeles
Dec 2, 2022
Chinese developer finds buyer for unfinished Oceanwide Plaza project
Firm needs more than $1.2B to wrap up construction in Downtown LA
Los Angeles
Sep 6, 2022
China Oceanwide CEO steps down, CFO takes helm
Switch comes a week after Chinese developer announces capital shortfall for flagship LA project
New York
Jul 29, 2022
Mystery buyer pays just $169M for site of Oceanwide’s distressed supertall
China-based firm, which paid $390M, lost control of FiDi project in May
New York
Jul 10, 2022
China developers owe $13B in USD bond payments this year
Nation has already had a wave of defaults
Los Angeles
May 11, 2022
Oceanwide Plaza in DTLA last U.S. project standing for China-based developer
Loses control of control of Manhattan supertall site with default on $165M loan from DW Partners
New York
May 11, 2022
Oceanwide loses control of Manhattan supertall site
China-based firm defaulted on $165M loan from DW Partners
Los Angeles
Mar 29, 2022
Oceanwide trims back to lone US project in LA
China-based developer sells land in Hawaii, clears some liens on 2M sf project on Figueroa
New York
Feb 7, 2022
Oceanwide battles to hang on to LA megaproject
Embattled China-based developer hints at trying to finish three towers near convention center
National
Feb 1, 2022
Oceanwide battles to hang on to LA megaproject, its last in the US
Embattled China-based developer hints at trying to finish three towers near convention center
San Francisco
Jan 20, 2022
Oceanwide Center in SF up for sale once again
Marketing comes three months after creditors seized control of 2M sf project
Los Angeles
Oct 29, 2021
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
San Francisco
Oct 28, 2021
Oceanwide creditors seize SF project after missed debt payment
Shenzhen-based firm says it’s in discussions with two debtholders
Los Angeles
Jan 14, 2021
Contractors pull out as Oceanwide Center sale falls through again
Several buyers reportedly working to assemble financing for San Francisco project
Los Angeles
Sep 30, 2020
Oceanwide Center sale in San Francisco delayed 3 more months
Due-diligence deadline pushed back to year’s end
Los Angeles
Jun 30, 2020
Coronavirus forces another delay of Oceanwide Center sale in San Fran
Chinese developer’s attempt to unload partially-built mixed-use development for about $1B has been filled with obstacles
Los Angeles
Mar 30, 2020
San Francisco’s Oceanwide Center has a new buyer
Developer has framework agreement with Beijing’s Hony Capital
Los Angeles
Feb 27, 2020
Coronavirus delays sale of SF’s $1B Oceanwide Center
Deadline for closing pushed back by a month