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Robert Maguire

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ENTERTAINMENT
June 12, 1990 | GREG BRAXTON, Arts and entertainment reports from The Times, national and international news services and the nation's press
LACMA Trustees Appointed: Robert Maguire, managing partner of Maguire Thomas Partners real estate developers, has been elected president of the Los Angeles County Museum of Art's board of trustees. Maguire succeeds Daniel N. Belin, who will serve as chairman of the board. The museum also has appointed four new trustees: Robert Addison Day, chairman of Trust Co. of the West; Herbert Gelfand, chairman of the board of De Anza Group Inc.
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BUSINESS
May 12, 2010 | Roger Vincent, Los Angeles Times
Two years after Maguire Properties Inc. parted ways with founder Robert F. Maguire III, the Los Angeles office landlord is getting rid of his name, officially becoming MPG Office Trust Inc. The board of directors approved the change Friday, Chief Executive Nelson Rising said, to end misunderstandings about who is running the company. "It eliminates confusion our former name created in the marketplace and more accurately reflects where the company is today," Rising said. Relations with the combative founder have been strained.
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BUSINESS
November 14, 2007 | Roger Vincent, Times Staff Writer
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.
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
November 6, 2003 | Roger Vincent, Times Staff Writer
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.
BUSINESS
March 17, 2010 | By Roger Vincent
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.
BUSINESS
February 11, 2004 | Roger Vincent, Times Staff Writer
Making his first foray into Orange County, Los Angeles real estate tycoon Robert Maguire said Tuesday that his company was purchasing the former Fluor Corp. headquarters campus in Irvine for $260 million. Maguire is buying the complex, now known as Park Place, from an affiliate of Blackstone Real Estate Advisors, which purchased the 15-acre property at Jamboree Road and the San Diego Freeway in 2002 for about $200 million. The 1.
BUSINESS
October 28, 2008 | Peter Y. Hong, Hong is a Times staff writer.
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.
BUSINESS
June 14, 1997 | JAMES BATES, TIMES STAFF WRITER
Increasing the pressure on the embattled developer of the troubled Playa Vista project where DreamWorks SKG wants to build its studio, two Wall Street firms holding the bulk of the property debt on Friday recorded a notice of sale as part of ongoing foreclosure proceedings. The move by affiliates of Morgan Stanley Real Estate Fund and Goldman, Sachs & Co.'
BUSINESS
June 13, 1997 | JAMES BATES, TIMES STAFF WRITER
Financier and supermarket mogul Ron Burkle has expressed interest in becoming a partner in the troubled Playa Vista real estate project where DreamWorks SKG wants to build a studio, according to people close to the project. Burkle's interest is the latest twist in the saga of the much-hyped, $8-billion mixed-use project that each day teeters closer to unraveling altogether.
BUSINESS
March 17, 2010 | By Roger Vincent
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.
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 28, 2008 | Peter Y. Hong, Hong is a Times staff writer.
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.
OPINION
June 1, 2008 | William Fulton, William Fulton is a senior scholar at the USC School of Policy, Planning and Development and the publisher of the California Planning & Development Report. He blogs at www.cp-dr.com.
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.
BUSINESS
November 14, 2007 | Roger Vincent, Times Staff Writer
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.
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.
BUSINESS
November 9, 1996 | JAMES BATES, TIMES STAFF WRITER
Concerned that the much-touted Playa Vista project involving the DreamWorks SKG studio will fall apart, Los Angeles City Councilwoman Ruth Galanter on Friday had a strongly worded letter delivered to developer Robert Maguire that notes that valuable city tax and permit incentives hinge on DreamWorks' involvement.
BUSINESS
March 12, 1997 | JESUS SANCHEZ and JAMES BATES, TIMES STAFF WRITERS
Chase Manhattan Bank has taken the first step toward foreclosing on the massive Playa Vista real estate project, putting embattled developer Robert Maguire under greater pressure to reach a financing deal and start long-delayed construction, people familiar with the development said Tuesday. The New York bank filed with the Los Angeles County's Recorders office a notice of default on a $150-million loan on the Playa Vista site, which is south of Marina del Rey.
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
July 20, 2005
A memorial service for Robert F. Maguire Jr., the pilot who was dubbed the "Irish Moses" for helping fly tens of thousands of Jewish refugees from Yemen to Israel in 1949, will be held today at 3 p.m. at the Santa Monica Airport in Santa Monica. Maguire died June 10 at his home in Northridge.
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