September 13, 2003 |
Los Angeles real estate investment trust Maguire Properties Inc. has agreed to buy One California Plaza, a Bunker Hill high-rise in a deal valued at $225 million. Metropolitan Life Insurance, also known as MetLife Inc., is selling the mirrored 42-story tower at the northeast corner of 4th Street and Grand Avenue in downtown Los Angeles, industry sources said Friday. It was built in 1985.
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.
May 22, 2007 |
Maguire Properties Inc., the biggest office landlord in downtown Los Angeles, agreed to sell three office properties in Orange County that it bought from Blackstone Group in February for $310 million. Closely held Rockwood Capital and Muller Co., based in Laguna Hills, are buying the offices, Maguire said Monday. The proceeds will help pay for buildings in Los Angeles and Orange County that Maguire bought from Blackstone for $2.88 billion. Maguire, owner of the 72-story U.S.
February 9, 2005 |
Los Angeles office landlord and developer Maguire Properties Inc. on Tuesday reported modestly higher operating income but lower earnings for the fourth quarter. Funds from operations, a key measure of profitability for real estate investment trusts such as Maguire, were $22.2 million, or 52 cents a share, in the three months ended Dec. 31. That compared with $21.2 million, or 50 cents, a year earlier. Net income fell to $1.
February 7, 2007 |
Maguire Properties Inc., downtown Los Angeles' largest office owner, said Tuesday that it had dropped plans to consider a possible sale even as the takeover of landlords Equity Office Properties Trust and Mills Corp. had sparked bidding contests. The L.A.-based company said it was no longer pursuing "strategic alternatives." No reason was given for the decision. Maguire said it took a fourth-quarter charge of $3.5 million, or 7 cents a share, for costs incurred to consider options.
August 13, 2003 |
Talk about short-term results. Maguire Properties Inc., which went public in late June, reported second-quarter results Tuesday -- all four days' worth. The Los Angeles real estate investment trust run by developer Rob Maguire raised $790 million in a June 26 initial public stock offering, four days before the close of its second quarter. And in a move rarely seen on Wall Street, the company reported results from those 96 hours.
May 5, 2004 |
Maguire Properties Inc. said Tuesday that it earned a first-quarter profit of $5.9 million, or 14 cents a share, in its third full quarter of operation as a public company. The Los Angeles real estate investment trust reported first-quarter revenue of $73 million for the period ended March 31. Income from operations, a key measure of profitability for REITs, was $19.4 million, or 46 cents a share, falling 4 cents short of Wall Street estimates.
November 6, 2003 |
Maguire Properties Inc., reporting results from its first full quarter of operation as a public company, showed a profit of $7.2 million, or 17 cents a share. The Los Angeles real estate investment trust reported third-quarter revenue of $62.5 million for the period ended Sept. 30. Income from operations, a key measure of profitability for REITs, was $20 million, or 48 cents a share, beating Wall Street's estimate by 1 cent.
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.
December 9, 2005 |
Richard I. Gilchrist, seen as a steadying influence with investors in his role as president and co-chief executive of Maguire Properties Inc., will resign from the Los Angeles-based office real estate investment trust, the company said Thursday. Gilchrist, 59, will step down Jan. 1 and then serve as an advisor on the company's development projects for six more months.