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Robert F Maguire

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BUSINESS
July 14, 2012 | Roger Vincent
Prominent real estate developer Robert F. Maguire has been sued for more than $50 million by the family trust behind the Petersen Automotive Museum in Los Angeles, alleging that Maguire hasn't kept up payments for an aviation business he bought. The R.E. & M. Petersen Living Trust is the legacy of Robert Petersen and his wife, Margie, who built a magazine empire that published Hot Rod, Motor Trend and other popular titles. Maguire bought Petersen Aviation from the Petersens in 2006 for about $115 million and renamed it Maguire Aviation.
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BUSINESS
July 14, 2012 | Roger Vincent
Prominent real estate developer Robert F. Maguire has been sued for more than $50 million by the family trust behind the Petersen Automotive Museum in Los Angeles, alleging that Maguire hasn't kept up payments for an aviation business he bought. The R.E. & M. Petersen Living Trust is the legacy of Robert Petersen and his wife, Margie, who built a magazine empire that published Hot Rod, Motor Trend and other popular titles. Maguire bought Petersen Aviation from the Petersens in 2006 for about $115 million and renamed it Maguire Aviation.
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BUSINESS
January 16, 2009 | Bloomberg News
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.
BUSINESS
April 7, 2010 | By Roger Vincent
Maguire Properties Inc., the largest office landlord in downtown Los Angeles, on Tuesday rebuffed an offer from departed founder Robert F. Maguire to take over three of the company's best properties. Maguire is the real estate investment trust's largest shareholder, but he left the company in May 2008 and is no longer a member of the board of directors. In stern letters dated last week and Monday, Maguire criticized the current management of the company and implored his successor, Chief Executive Nelson Rising, to discuss Maguire's proposal with the board.
BUSINESS
April 7, 2010 | By Roger Vincent
Maguire Properties Inc., the largest office landlord in downtown Los Angeles, on Tuesday rebuffed an offer from departed founder Robert F. Maguire to take over three of the company's best properties. Maguire is the real estate investment trust's largest shareholder, but he left the company in May 2008 and is no longer a member of the board of directors. In stern letters dated last week and Monday, Maguire criticized the current management of the company and implored his successor, Chief Executive Nelson Rising, to discuss Maguire's proposal with the board.
REAL ESTATE
February 10, 1985
As stupid as it sounds, you are 100% right--I would not have read those pages unless "a reporter's curiosity nudged" me. (Hearst Castle story, Jan. 27.) Many, many thanks for the nudge and the article. More people than I would ever have imagined read the Times real estate section. All comments confirm the warmth and human interest that you put into the story. I think I'll read the rest of those old papers. WILLIAM LOORZ President, Stolte Inc. Bank's Role Cited We appreciated the story (Feb.
BUSINESS
November 17, 2009 | Roger Vincent
Maguire Properties Inc., one of the region's largest commercial landlords, has been hit with a legal complaint by Bank of America Corp. seeking to foreclose on one of Maguire's prime Irvine office buildings. The bank's bid to appoint a receiver to sell the 16-story tower near John Wayne Airport wasn't surprising because Maguire said in August that it would stop making payments on it and six other properties. Still, the move to foreclose is significant in that it is among the first of a wave of defaults, write-downs and workouts anticipated as part of a long-awaited bottoming out of the commercial real estate market, industry observers say. After being stuck in place for nearly 18 months, the business of buying and selling properties such as offices, warehouses and shopping centers is expected to begin a purge in the months ahead as owners and lenders accept losses and move on. Office and retail properties will take the biggest hit as worried consumers curb spending and companies delay rehiring, according to a study released this month by consulting firm PricewaterhouseCoopers and the Urban Land Institute, a real estate industry trade group and think tank.
BUSINESS
February 7, 1997 | JAMES BATES, TIMES STAFF WRITER
One of the biggest hurdles holding up the beleaguered Playa Vista/DreamWorks movie studio development was crossed Thursday when developer Maguire Thomas Partners agreed to negotiate exclusively with a Los Angeles-based financier aiming to arrange $200 million in financing. The developer said it will team with Pacific Capital Group, which beat out such competitors as Wall Street firms Morgan Stanley and Goldman, Sachs & Co. to form a new partnership to develop Playa Vista.
BUSINESS
November 1, 1996 | JAMES BATES and JESUS SANCHEZ, TIMES STAFF WRITERS
Call it a DreamWorks deferred. The much-touted Playa Vista project near Marina del Rey where Steven Spielberg, David Geffen and Jeffrey Katzenberg want to build a state-of-the-art lot for their fledging studio is running into lengthy delays, raising concerns in some quarters that it will never get off the ground. The frustration of the three has grown to the point where they've started checking out potential sites as a contingency plan, sources say.
CALIFORNIA | LOCAL
June 17, 2005 | Dennis McLellan, Times Staff Writer
Robert F. Maguire Jr., the commercial pilot from Oregon who was dubbed the "Irish Moses" for helping fly tens of thousands of Jewish refugees through hostile territory from Yemen to Israel in 1949, has died. He was 94. Maguire died of natural causes June 10 at his home in Northridge, his family said.
BUSINESS
November 17, 2009 | Roger Vincent
Maguire Properties Inc., one of the region's largest commercial landlords, has been hit with a legal complaint by Bank of America Corp. seeking to foreclose on one of Maguire's prime Irvine office buildings. The bank's bid to appoint a receiver to sell the 16-story tower near John Wayne Airport wasn't surprising because Maguire said in August that it would stop making payments on it and six other properties. Still, the move to foreclose is significant in that it is among the first of a wave of defaults, write-downs and workouts anticipated as part of a long-awaited bottoming out of the commercial real estate market, industry observers say. After being stuck in place for nearly 18 months, the business of buying and selling properties such as offices, warehouses and shopping centers is expected to begin a purge in the months ahead as owners and lenders accept losses and move on. Office and retail properties will take the biggest hit as worried consumers curb spending and companies delay rehiring, according to a study released this month by consulting firm PricewaterhouseCoopers and the Urban Land Institute, a real estate industry trade group and think tank.
BUSINESS
January 16, 2009 | Bloomberg News
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.
BUSINESS
October 17, 2006 | Roger Vincent, Times Staff Writer
Developer Robert F. Maguire said Monday that he planned to build a high-rise office building in downtown Los Angeles, the first significant addition to the city's skyline in 14 years. The proposed 50-story tower at Figueroa and 7th streets might also signal the beginning of a round of office development that would expand the city's financial district.
CALIFORNIA | LOCAL
April 12, 2006 | Duke Helfand, Times Staff Writer
One of the nation's largest unions and downtown Los Angeles' biggest commercial property owner settled a long-running labor dispute Tuesday, announcing a deal that would allow several hundred security guards to unionize. Leaders of the Service Employees International Union called their pact with developer Robert F.
CALIFORNIA | LOCAL
June 17, 2005 | Dennis McLellan, Times Staff Writer
Robert F. Maguire Jr., the commercial pilot from Oregon who was dubbed the "Irish Moses" for helping fly tens of thousands of Jewish refugees through hostile territory from Yemen to Israel in 1949, has died. He was 94. Maguire died of natural causes June 10 at his home in Northridge, his family said.
BUSINESS
July 3, 1999 | JESUS SANCHEZ and JEFFREY GETTLEMAN, TIMES STAFF WRITERS
Faced with the loss of its star tenant, DreamWorks SKG, the owners of the giant Playa Vista development must now rely on the man once regarded as their chief adversary: developer Robert F. Maguire. Playa Vista officials said Friday that Maguire--head of Los Angeles-based Maguire Partners--now has the right, under the terms of the contract with Playa Vista, to develop 114 acres of commercial space--including the site where DreamWorks SKG was to build its studio and headquarters.
BUSINESS
July 3, 1999 | JESUS SANCHEZ and JEFFREY GETTLEMAN, TIMES STAFF WRITERS
Faced with the loss of its star tenant, DreamWorks SKG, the owners of the giant Playa Vista development must now rely on the man once regarded as their chief adversary: developer Robert F. Maguire. Playa Vista officials said Friday that Maguire--head of Los Angeles-based Maguire Partners--now has the right, under the terms of the contract with Playa Vista, to develop 114 acres of commercial space--including the site where DreamWorks SKG was to build its studio and headquarters.
BUSINESS
August 14, 1996 | JESUS SANCHEZ, TIMES STAFF WRITER
The founders of Los Angeles-based real estate giant Maguire Thomas Partners said Tuesday that they are going their separate ways, splitting up one of the nation's largest and most influential commercial development firms. The late-afternoon announcement by partners Robert F. Maguire and James F. Thomas comes after months of speculation within real estate circles that a break-up was pending.
BUSINESS
February 7, 1997 | JAMES BATES, TIMES STAFF WRITER
One of the biggest hurdles holding up the beleaguered Playa Vista/DreamWorks movie studio development was crossed Thursday when developer Maguire Thomas Partners agreed to negotiate exclusively with a Los Angeles-based financier aiming to arrange $200 million in financing. The developer said it will team with Pacific Capital Group, which beat out such competitors as Wall Street firms Morgan Stanley and Goldman, Sachs & Co. to form a new partnership to develop Playa Vista.
BUSINESS
November 1, 1996 | JAMES BATES and JESUS SANCHEZ, TIMES STAFF WRITERS
Call it a DreamWorks deferred. The much-touted Playa Vista project near Marina del Rey where Steven Spielberg, David Geffen and Jeffrey Katzenberg want to build a state-of-the-art lot for their fledging studio is running into lengthy delays, raising concerns in some quarters that it will never get off the ground. The frustration of the three has grown to the point where they've started checking out potential sites as a contingency plan, sources say.
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