Oceanwide Plaza Bankruptcy Court Confirms Plan of Liquidation, Clearing Way for $470 Million Sale to KPC Square

A U.S. Bankruptcy Court confirmed the liquidation plan for Oceanwide Plaza, a long-idle Downtown Los Angeles development, clearing the path for its $470 million sale to KPC Square (a joint venture between KPC Group and Lendlease). The City of Los Angeles and L.A. County withdrew their objections, positioning the project for completion ahead of the 2028 Olympics.