A few years ago, a number of Chinese real estate companies entered California in a big way, and won many projects in San Francisco and Los Angeles, but in the process of operation, there are all kinds of incredible phenomena, and Jose Whizzal, a former Los Angeles city councilor who has just concluded the case, was sentenced to 13 years in prison for accepting a bribe of $1.5 million (click for details:Heavy sentence! Guangdong real estate company bribery in Los Angeles ** case announced: former city councilor sentenced to 13 years, Chinese company boss hiding in China is wanted worldwideRecently, it was revealed that the skyscraper built by a real estate company in Los Angeles has become a mecca for graffiti lovers, and the exterior walls of the entire 27-story balcony have become graffiti.
The Los Angeles Oceanwide Plaza on the design drawings is majestic.
The location of the incident is Oceanwide Plaza, located in the heart of Los Angeles' entertainment district, next to the Los Angeles Convention Center and the Lakers' home arenaCOM Arena and La Live, where this weekend's Goreme Awards will take place.
So, it's really a place where every inch of land is in Los Angeles! Led by a Chinese real estate company, the total investment is expected to be 1 billion US dollars, but the capital ** is more complicated, the developer only contributed 40% of the funds, 30% is investment immigration, and the other 30% is bank loans.
And this complex capital chain finally got out of it! Oceanwide Plaza started construction in 2014, is expected to start sales in 2017, and delivered in 2018, but it has not been delivered until 2019, when it was officially declared unfinished.
Public security is a concern
Graffiti happens again and again
And this time, the graffiti that attracted the attention of the whole city, the suspect was standing on a balcony without any security guarantees.
According to the Los Angeles report, on the evening of January 30, ** received multiple reports of illegal break-ins, allegedly multiple people broke into Oceanwide Plaza, the entire building was covered in graffiti, and according to the police on the helicopter, more than a dozen suspects were seen in the building.
But when the ground arrived, only two people were caught, Victor Daniel Ramirez, 35, and Roberto Perez, 25, on trespassing. Both were later released, and the other suspects fled before police arrived, the latter said.
On Thursday, several more suspects broke into the building to graffiti and were caught by ** while escaping, but they were also released after registering their information.
At around 11:50 p.m. on Friday, ** received another **incident near the building, ** rushed to the scene and found nothing.
Some residents said that the 27-story unfinished building is ugly enough, and now there are more ghost paintings, which is a stain on the entire area.
Allegedly, the graffiti was not done overnight, and the building has been a target for graffiti enthusiasts since it was finished. Some even came from out of state just for a chance to paint graffiti on the high-rise building.
Resale
Prices have doubled, but resale is difficult
The area, which falls under the jurisdiction of Los Angeles City Councilman Kevin de León, said a motion had been tabled at Friday's city council meeting asking the department to clean the graffiti from Oceanwide Plaza and the surrounding sidewalks, and when the cleanup was complete, the bill would be sent to the developer.
De Leon said the developer has said it will follow the city's directives to remove graffiti, protect the site and clean up construction debris. However, at the moment they are in the process of reselling the property.
According to reports, the unfinished high-rise building, which is designed with high-end apartments, a five-star hotel and a shopping mall, has been listed for more than $1 billion and has been listed for more than a year, but so far no one has cared about it.
De Leon said that the city will not fund the purchase because taxpayers' money will not be used to invest in the building, and the developer must solve the unfinished works themselves, or the city attorney's office will have to step in.
In fact, at the rate of home prices in Los Angeles, home prices are now double what they were in 2017, and if developers muster together the funds to complete the renovation of the building, there is no doubt that they can make a fortune.