January 16, 2009 |
Maguire Properties Inc. founder Robert F. Maguire increased his stake in downtown Los Angeles' largest office landlord to 9.8% and said he might seek talks with the company, investors or potential partners. Maguire, 73, who quit Maguire Properties as chairman and chief executive in May, bought 1.56 million shares of the Los Angeles-based company's common stock for about $2.99 million from Dec. 9 through Jan. 13, he said Thursday in a filing with the Securities and Exchange Commission.
October 28, 2008 |
Los Angeles office landlord Maguire Properties Inc. reported its fourth consecutive quarterly loss Monday amid a softening commercial real estate market. The owner of premier office buildings in downtown Los Angeles, Orange County and San Diego lost $72.5 million, or $1.74 a share, in the third quarter. Maguire changed leadership in May. Founder Robert Maguire left the firm, though he is still its largest shareholder, and former Catellus Development Corp.
July 29, 2008 |
Los Angeles office landlord Maguire Properties Inc., which emerged in May from a nearly yearlong takeover battle, reported its third consecutive quarterly loss Monday. The real estate investment trust, or REIT, which owns many premier office buildings in downtown Los Angeles and Orange County, lost $110.6 million in the second quarter. It also saw the departure of founder Robert Maguire in May after the board of directors rejected his bid to buy the company and appointed new managers.
July 8, 2008 |
Less than two months after Maguire Properties Inc. ended a power struggle with the appointment of a new chief executive, the Los Angeles office landlord is again under pressure from dissident shareholders. Now two hedge funds have renewed efforts to reshape the company that is the largest owner of premium office space in downtown Los Angeles. Its holdings include US Bank Tower, the tallest building in the West.
May 20, 2008 |
The turnaround specialist who took control Monday of the largest office landlord in downtown Los Angeles has already earned a merit badge in rescuing troubled California businesses. But Nelson Rising may face his toughest challenge in reviving Maguire Properties Inc., the company that built some of the tallest buildings in the West and played a major role in redefining the city's skyline.
May 7, 2008 |
Maguire Properties Inc., the largest office landlord in downtown Los Angeles, reported a quarterly loss Tuesday as the company continued to cope with heavy debt and questions about who would control it in the future. The real estate investment trust, or REIT, which owns many premier downtown office buildings, has been at the center of a power struggle for several months.