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.
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.
April 29, 2008 |
Downtown Los Angeles skyline boss Robert Maguire, fighting to keep control of the real estate investment trust he founded, on Monday made a complicated offer to buy the company and sell off many of its signature holdings, perhaps including the tallest building in the West. But his offer to buy back Maguire Properties Inc. was quickly rebuffed by key members of the board of directors, who said the proposal had too many ifs.
CALIFORNIA | LOCAL
April 26, 2008 |
An Irvine planning commissioner and a retired police officer sued the city this week, challenging a closed-door "settlement agreement" with a high-rise developer as questions have arisen about the builder's support of City Council members who approved it. The Irvine City Council in January approved the agreement to resolve a dispute with Maguire Properties, a Los Angeles real estate developer known for the 72-story US Bank Tower downtown.