March 17, 2010 |
Embattled commercial landlord Maguire Properties Inc. has sold a Santa Ana office complex for $90 million as part of a long campaign to reduce debt and right itself financially. Buyers Lincoln Property Group and Angelo Gordon & Co. paid cash for the Griffin Towers complex next to the Costa Mesa Freeway, Maguire Properties in Los Angeles said Tuesday. The twin 13-story towers, built in 1987, are 77% leased to such tenants as Corinthian Colleges and engineering firm CH2M Hill Inc. The transaction was the largest office sale in Southern California this year, according to real estate brokerage CB Richard Ellis Inc., which represented Maguire Properties in the deal.
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.
June 1, 2008 |
Almost 30 years ago, a young developer named Robert Maguire III came up with an audacious proposal for the greatest development project never built in downtown Los Angeles. Responding to a request from the Community Redevelopment Agency for a plan for Bunker Hill, Maguire put together a team that included most of the leading architects and planners of the day.
November 14, 2007 |
Maguire Properties Inc., one of Southern California's largest office landlords, got a letter from a major shareholder Tuesday requesting two seats on the board of directors and calling for founder Robert Maguire to relinquish some of his control. Maguire, one of the region's best-known developers, helped create the downtown Los Angeles skyline and his company owns the most office space in the central business district. Among its holdings is US Bank Tower, the tallest building in the West.
October 17, 2006 |
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.