Maguire Properties

Brookfield Office to Acquire MPG in Los Angeles Expansion

Brookfield Office Properties Inc. agreed to buy MPG Office Trust, expanding its Southern California holdings to become the biggest office owner in downtown Los Angeles.

Blackstone Plots Exit From Properties as New Fund Invests

An 800-pound gorilla, the joke goes, can sleep wherever it wants. Blackstone Group LP, manager of the world’s largest real estate fund, has no time to rest.

Maguire Planning Bid for Remaining MPG Buildings in L.A.

Robert F. Maguire III is planning a bid for the remaining Los Angeles office buildings owned by MPG Office Trust Inc., the company he helped found in 1965 and left 43 years later. The shares rose the most in eight months.

MPG Plans to Give Up Ownership of Downtown Los Angeles Tower

MPG Office Trust Inc., the landlord formerly known as Maguire Properties, said it expects to give up ownership of a 54-story tower in downtown Los Angeles after failing to rework debt on the property.

MPG Trust to Default on $470 Million Loan for Downtown L.A. Office Tower

MPG Office Trust Inc. , the Los Angeles-based landlord formerly known as Maguire Properties, said it will default on a $470 million mortgage for a downtown high-rise as the company seeks to cut debt.

Office Prices in Subprime’s Center Leapfrog Recovery in Region

Investors are bidding up prices for top-tier office buildings in Orange County, California, even as vacancies stand at almost 20 percent after the collapse of the subprime-mortgage industry that once made the region its home.

MPG Office Names Weinstein CEO, Hires Restructuring Adviser to Reduce Debt

MPG Office Trust Inc. , the California real estate company seeking to reduce debt, named board member David L. Weinstein president and chief executive officer and hired a restructuring adviser.

Dune Buys Office Building for $70 Million in Partnership With Ocean West

Dune Real Estate Partners and Ocean West Capital Partners, two closely held property investors, paid about $70 million for a 16-story office building in Orange County, California, that was under receivership.

Blackstone Said to Near Agreement on Restructuring of Equity Office Debt

Blackstone Group LP may reach an agreement by the end of the year to restructure $4.94 billion of debt remaining from its 2007 purchase of Sam Zell ’s Equity Office Properties Trust, according to two people familiar with the discussions.

Blackstone Sends $4.9 Billion Equity Office Debt to Special Loan Servicer

The Blackstone Group sent a package of $4.9 billion in debt left over from its 2007 purchase of Sam Zell ’s Equity Office Properties Trust to a special loan servicer, Fitch Ratings said today.

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Mickelson Heads Into U.S. Open Weekend Tied Atop Leaderboard

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Chicago Hospital Accused of Cutting Throats for $160,000

U.S. Agencies Said to Swap Data With Thousands of Firms

Detroit Peddles Its Municipal Assets to Avoid Record Bankruptcy