A Real Estate Litigation team from global law firm Greenberg Traurig, LLP obtained a significant decision in the Complex Division of the Los Angeles County Superior Court.

LOS ANGELES, April 1, 2025 /PRNewswire-PRWeb/ -- A Real Estate Litigation team from global law firm Greenberg Traurig, LLP obtained a significant decision in the Complex Division of the Los Angeles County Superior Court, which defeated all claims asserted by Lendlease (US) Construction and Webcor Construction to establish that their originally asserted lien claims, worth more than $215 million, had priority over the more than $200 million lien held by Greenberg Traurig's client, L.A. Downtown Investment LP (LADI), against title to the Oceanwide Plaza development in downtown Los Angeles. The case is Webcor Construction, LP v. Lendlease (US) Construction, Inc. et. al, Case No. 19STCV03357.

The real estate project, known colloquially as the "Graffiti Towers" after vandals scaled the scaffolding and tagged the partially finished buildings, was estimated to be worth $2.1 billion upon completion, but construction stalled in 2019 after its funding dried up. LADI prevailed at trial to establish the priority and validity of its more than $200 million deed of trust ahead of about 40 construction liens originally claimed to secure more than $215 million in project contractor claims.

The Greenberg Traurig trial team was led by Los Angeles Shareholders Eric V. Rowen and Julianna Simon and Sacramento Shareholder Todd A. Pickles.

Oceanwide Plaza is located in the tourist center of downtown Los Angeles, taking up a full city block across from Crypto.com Arena, LA Live, and the Los Angeles Convention Center. The three towers sitting atop a nine-story pedestal are planned to feature a five-star hotel with private residences, condominiums, a retail mall, and a two-acre private park atop the pedestal for use by residents, plus the world's largest continuous wraparound LED display board standing at two stories high.

About Greenberg Traurig: Greenberg Traurig, LLP has more than 2,850 attorneys across 49 locations in the United States, Europe, the Middle East, Latin America, and Asia. The firm's broad geographic and practice range enables the delivery of innovative and strategic legal services across borders and industries. Recognized as a 2024 BTI "Leading Edge Law Firm" for anticipating and meeting client needs, Greenberg Traurig is consistently ranked among the top firms on the Am Law Global 100 and NLJ 500. Greenberg Traurig is also known for its philanthropic giving, culture, innovation, and pro bono work. Web: http://www.gtlaw.com. 

Media Contact

Sarah Mirza, Greenberg Traurig, LLP, +1 310.586.7875, Sarah.Mirza@gtlaw.com, gtlaw.com

View original content:https://www.prweb.com/releases/greenberg-traurig-secures-victory-in-notorious-oceanwide-plaza-graffiti-towers-case-302417577.html

SOURCE Greenberg Traurig, LLP