BNET Industries

Market Cap:$80.0M
Last Fiscal Year Sales:$548.0M
  • Public
  • US
Dow Jones Description

Maguire Properties, Inc. is the largest owner and operator of Class A office properties in the Los Angeles central business district and is primarily focused on owning and operating high-quality office properties in the Southern California market. Maguire Properties, Inc. is a full-service real estate company with substantial in-house expertise and resources in property management, marketing, leasing, acquisitions, development and financing.

Chief Executive Officer
Nelson C Rising
Number of Employees 214
Contact Information

555 W 5th St

Los Angeles, California 90013-1010

www.maguireprop...

(213) 626-3300

NAICS Code : 525930

Recent Events

  • Maguire Properties faces LA foreclosure

    11/17/09 - Lawsuit Filed - View Story

  • Stifel Nicolaus & Co. upgrades Maguire Properties to 'hold'

    11/16/09 - Bond / Stock Rating - View Story

  • Maguire Properties reports Q3 loss

    11/03/09 - Financial Announcement - View Story

  • Stifel Nicolaus & Co. lowers Maguire Properties to 'sell'

    10/21/09 - Bond / Stock Rating - View Story

  • Maguire Discloses Impending Defaults

    8/13/09 - Financial Announcement - View Story

  • Wild Ride for Office REITs

    7/21/09 - Merger / Acquisition - View Story

  • Maguire Properties Announces Resignation of Executive Vice

    6/26/09 - Mgmt. Change Leaving - Vice President - View Story

News & Analysis

earnings and maguire properties inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Nelson C Rising Chief Executive Officer
Dallas E. Lucas Chief Financial Officer
Mark Lammas Executive Vice President, Development
Martin Griffiths Executive Vice President, Operations
Paul S. Rutter Executive Vice President, Major Transactions
Bill Flaherty Senior Vice President, Marketing
Daniel F. Gifford Senior Vice President, Asset Management
Javier F. Bitar Senior Vice President, Finance
Peter K. Johnston Senior Vice President, Leasing
Robert P. Goodwin Senior Vice President, Construction and Development
Timothy B. Carey Senior Vice President, Planning & Development
Timothy H. Walker Senior Vice President, Marketing
Gregory P. May Vice President, Leasing
Shant Koumriqian Vice President, Finance
Richard I Gilchrist consultant
Ted Bischak
Lawrence S. Kaplan Director
Walter L. Weisman Director

Board of Directors

Name (plus bio) Position
Andrea L. Van De Kamp Board of Directors
Christine N. Garvey Board of Directors
George A. Vandeman Board of Directors
Joseph P. Sullivan Board of Directors
Michael J Gillfillan Board of Directors

Organization Position Status
Bay Area Council Chief Executive Officer Current
Maguire Properties, Inc. Chief Executive Officer Current
Bay Area Council Board of Directors Current
Jules Stein Eye Institute Member, Board of Trustees Current
ProLogis Board of Directors Current
ProLogis member Current
Catellus Development Corporation Chief Executive Officer Former
Catellus Development Corporation Chairman & President Former
Maguire Thomas Partners Senior Partner Former
O'Melveny & Myers LLP Lawyer Former
Ucla Law Review Managing Editor Former
Federal Reserve Bank of San Francisco Chairman Former
University of California, Los Angeles School of Law Juris Doctor Former
University of California, Los Angeles B.A Former
University of California, Los Angeles Degree In Economics Former

Dallas E. Lucas is Chief Executive Officer and a member of the Board of Directors of Pacific Office Properties Trust, Inc., which he helped to found in 2008. Prior to the formation of Pacific Office, Mr. Lucas served for five years as Executive Vice President and Chief Financial Officer of Maguire Properties (NYSE: MPG), a real estate investment trust focused on the Southern California market. During his tenure, Mr. Lucas was instrumental to Maguirea s initial public offering and to the growth of its market capitalization from $1 billion to $3 billion. From 1998 to 2002, Mr. Lucas was involved in the crafting of corporate strategy for NorthStar Capital Investment Corp., a $2.5 billion privately held real estate investment company, as its Director, Vice President, and Chief Financial Officer. From 1993 to 1998, Mr. Lucas was the Senior Vice President and Chief Financial Officer of Crescent Real Estate Equities Company (NYSE: CEI), where he was integral to the companya s 1994 initial public offering and its subsequent four-fold growth in total market capitalization to $1.6 billion. Mr. Lucas began his career as an auditor with Arthur Andersen & Company in 1984, leaving the firm as an audit manager in 1993 to join his then-client, Crescent. Mr. Lucas received a bachelora s degree in business administration from the University of Oklahoma and is a Certified Public Accountant.

Organization Position Status
Pacific Office Properties Trust, Inc. Director, President and Chief Executive Officer Current
Maguire Properties, Inc. Chief Financial Officer Current
Pacific Office Properties Trust, Inc. Board of Directors Current
Maguire Properties, Inc. Board of Directors Current
Crescent Real Estate Equities Company Chief Financial Officer Former
Maguire Properties, Inc. Executive Vice President Former
Crescent Real Estate Equities Company Senior Vice President Former
Maguire Thomas Partners Senior Vice President Former
The University of Oklahoma Bachelor's degree in business administration Former

Mr. Lammas serves as Executive Vice President, Investments, overseeing acquisitions, dispositions, financings and other transactional matters. Mr. Lammas has been with Maguire Properties and its predecessor since June 1998, during which his primary responsibilities have included negotiation of transactional and financial matters and overseeing the company’s development initiatives. Prior to joining Maguire, he was an attorney with Cox, Castle and Nicholson LLP from 1992. Mr. Lammas holds a Bachelor’s degree in Political Economy of Industrial Societies from the University of California at Berkeley. He also holds a Juris Doctor degree from Boalt Hall School of Law (University of California at Berkeley).

Organization Position Status
Maguire Properties, Inc. Executive Vice President, Development Current
Maguire Properties, Inc. General Counsel Former

Mr. Griffiths serves as Executive Vice President and Chief Financial Officer overseeing Asset Management and financial matters for Maguire Properties. Prior to joining the company, he was a partner at Deloitte Tax, LLP where he ran the real estate tax group for the Pacific Southwest. Mr. Griffiths was a partner in the real estate tax practice at Arthur Andersen from 1985–2002. He has worked closely with the Maguire organization for over 20 years and has represented numerous public and private companies in his career including Douglas Emmett Realty, Thomas Properties Group, Pacific Coast Capital Partners and Macerich Company. As an expert tax and financial professional, Mr. Griffiths is skilled in conceptualizing and structuring real estate transactions. He holds a Bachelor’s of Science degree in Accounting from Loyola Marymount University.

Organization Position Status
Maguire Properties, Inc. Executive Vice President, Operations Current

Organization Position Status
Maguire Properties, Inc. Executive Vice President, Major Transactions Current
Thomas Properties Group, Inc. Executive Vice President and General Counsel Current
Law Offices Gilchrist & Rutter Professional Corporation Partner Current
Intersections Inc. Current
Thomas Properties Group, Inc. Investor Former
Trammell Crow Company Investor Former
University of California, Los Angeles School of Law J.D. Degree Former
University of California, Los Angeles A.B. Former

Organization Position Status
Maguire Properties, Inc. Senior Vice President, Marketing Current
Maguire & Company Current
Maguire Properties, Inc. Partner Former
Maguire Properties, Inc. Senior Leasing Positions Former
Solana Former
University of Portland MBA Former
St. Ambrose University B.A. In Business Administration Former

Organization Position Status
Maguire Properties, Inc. Senior Vice President, Asset Management Current

Organization Position Status
Maguire Properties, Inc. Senior Vice President, Finance Current
American Institute of Certified Public Accountants Certified Public Accountant Current
American Institute of Certified Public Accountants Member Current
Maguire Properties, Inc. Partner Former
Maguire Properties, Inc. Senior Investment Officer Former
California State University, Los Angeles Bachelor’S Degree In Business Administration Former

Mr. Johnston serves as Senior Vice President of Leasing for Maguire Properties. Prior to joining the firm he was President of Leasing for CommonWealth Partners, where he was responsible for all brokerage activities and lease transactions. From 1985 through 1995, Mr. Johnston was Senior Vice President of Leasing for Maguire Thomas Partners where he was responsible for leasing in Southern California and Philadelphia. Mr. Johnston holds a Bachelor’s of Science degree in Business Administration from The University of Denver.

Organization Position Status
Maguire Properties, Inc. Senior Vice President, Leasing Current
Maguire Thomas Partners Senior Vice President, Leasing Former
Maguire Properties, Inc. Consultant Former
University of Denver Bachelor of Science In Business Administration Former

Mr. Goodwin serves as Senior Vice President of Construction and Development. Most recently he served as President of Hillwood Urban Development in Dallas, Texas from 2001 to 2002. Prior to that time, Mr. Goodwin was a Partner of CommonWealth Partners, Los Angeles, where he served from 1997 to 2001. From 1987 to 1996, he was Vice President and Senior Vice President of Construction with Maguire Thomas Partners. Mr. Goodwin holds a Bachelor’s of Science in Engineering degree from Kansas State University.

Organization Position Status
Maguire Properties, Inc. Senior Vice President, Construction and Development Current
Maguire Thomas Partners Senior Vice President for Construction Former
Construction Co., Inc. Vice President Former
Kansas State University Bachelor of Science In Engineering Former

Organization Position Status
Maguire Properties, Inc. Senior Vice President, Planning & Development Current

Organization Position Status
Maguire Properties, Inc. Senior Vice President, Marketing Current

Organization Position Status
Maguire Properties, Inc. Vice President, Leasing Current

Shant Koumriqian has served as our Executive Vice President and Chief Financial Officer since December 2008, with primary responsibility for the Company’s financial, accounting and reporting matters. Mr. Koumriqian joined the Company in July 2004 as our Vice President – Finance and was promoted to Senior Vice President, Finance and Chief Accounting Officer in January 2008. Prior to that time, Mr. Koumriqian spent a total of nine years in real estate practice groups, first at Arthur Andersen LLP and then at Deloitte & Touche LLP, where he was a senior manager. Mr. Koumriqian holds a Bachelor of Science degree in Business Administration, cum laude, from California State University, Los Angeles.

Organization Position Status
Maguire Properties, Inc. Vice President, Finance Current
Maguire Properties, Inc. Board of Directors Current

Organization Position Status
Maguire Properties, Inc. consultant Current
Maguire Thomas Partners Senior Partner Former
Maguire Thomas Partners member Former
Whittier College member Former
Whittier College Bachelor's degree Former

Mr. Bischak serves as the Senior Vice President of Asset Management. Prior to joining the company in July 2005, he served as Senior Vice President for CommonWealth Partners, where he was responsible for all operations activities including in-house property management, tenant improvement, operational leasing and asset management. Mr. Bischak has held Senior Operations positions with Tooley & Company and The Irvine Company during his 25 year commercial real estate career. Mr. Bischak holds a Bachelor of Science degree in Business Administration, cum laude, from California State University in Fullerton.

Organization Position Status
Maguire Properties, Inc. Current
Los Angeles County Museum of Art board member Current
Security Pacific National Bank Vice President, working with Former
Time Warner Inc. Former
The Walt Disney Company Former
Sempra Energy Former
University of California, Los Angeles Bachelor's degree in political science Former

Organization Position Status
Maguire Properties, Inc. Board of Directors Current

History: Ms. Garvey has served on the Board since July 2, 2008. Ms. Garvey retired from Deutsche Bank AG, where she served as Global Head of Corporate Real Estate Services from May 2001 to May 2004. From December 1999 to April 2001, Ms. Garvey served as Vice President, Worldwide Real Estate and Workplace Resources, for Cisco Systems, Inc. During her career, Ms. Garvey also held several positions with Bank of America, including Group Executive Vice President and Head of National Commercial Real Estate Services. Participation: Ms. Garvey is currently a member of the board of directors of ProLogis, UnionBanCal Corporation and HCP, Inc. She also served on the board of directors of Hilton Hotels Corporation until the company was taken private. Education: Ms. Garvey holds a Bachelor of Arts degree, magna cum laude, from Immaculate Heart College in Los Angeles and a Juris Doctor degree from Suffolk University Law School in Boston.

Organization Position Status
Maguire Properties, Inc. Board of Directors Current
ProLogis Director Current
Cisco Systems, Inc. Vice President, Worldwide Real Estate and Workplace Resources Former
Deutsche Bank AG Head of Corporate Real Estate Services Former
Deutsche Bank AG consultant Former
Catellus Board of Directors Former
ProLogis member Former

Organization Position Status
ValueVision Media, Inc. Member, Chair, Member Current
Reit Media Board of Directors Current
Maguire Properties, Inc. Board of Directors Current
Amgen Inc. Senior Vice President Former
Latham & Watkins Senior Partner Former
Latham & Watkins Head ,Mergers and Acquisitions Former
Amgen Inc. Special Advisor Former
ValueVision Media, Inc. Board of Directors Former
Amgen Inc. Board of Directors Former

Array

Organization Position Status
HCP, Inc. Chairman of The Board of Advisors, Rand Health Current
Cymetrix, Inc Board of Directors Current
Maguire Properties, Inc. Board of Directors Current
AutoGenomics, Inc. Board of Directors Current
Amylin Pharmaceuticals, Inc. Director Current
Covenant Care Director Current
Hcp President Former
Goldman, Sachs & Co. Investment Banker Former
S.C.C.I Former
UCLA Health System Vice Chairman of the Board Former
University of Minnesota Law School J.D. Former

Mr. Kaplan has been director of Highwoods since November 2000. He is the chairman of the Audit Committee. Mr. Kaplan is a certified public accountant and retired in 2000 as a partner from Ernst & Young LLP where he was the national director of that firm's REIT Advisory Services group. Mr. Kaplan has served on the board of governors of the National Association of Real Estate Investment Trusts and has been actively involved in REIT legislative and regulatory matters for over 20 years. Mr. Kaplan is a director of Endeavor Real Estate Securities, a private REIT, Maguire Properties, Inc., a publicly traded office REIT based in California, and Feldman Mall Properties, Inc. a publicly traded mall REIT based in Arizona.

Organization Position Status
Highwoods Properties, Inc. Chair Current
Feldman Mall Properties, Inc. Director Current
Maguire Properties, Inc. Director Current
National Association of Real Estate Investment Trusts, Inc. Board of Directors Former

Organization Position Status
Meriturn Partners, LLC Partner Current
Maguire Properties, Inc. Board of Directors Current
UnionBanCal Corporation Director Current
Union Bank of California Director Current
Wells Fargo & Company CEO Former
Wells Fargo & Company Chief Credit Officer Former
Sbic Founder Former
Wells Fargo & Company Vice-Chairman Former
James Hardie Industries N.V. Director Former
University of California, Los Angeles MBA Former
University of California, Berkeley BA In History Former

Organization Position Status
Public Broadcasting Service Trustee Current
Sundance Institute Trustee Current
The Samuel H. Kress Foundation Trustee Current
Los Angeles County Museum of Art Trustee Current
Los Angeles County Museum of Art Chairman Current
Maguire Properties, Inc. Director Current
The Samuel H. Kress Foundation Vice Chairman Current
Public Broadcasting Service Board of Directors Current
Occidental Petroleum Corporation Director Current
Jet Propulsion Laboratory Member of the Institute's Oversight Committee Current
Occidental Petroleum Corporation Dividend Committee Member Current
Tenet Healthcare Corporation Former
Sundance Institute Chairman Former
Stanford Law School Juris Doctor Degree Former
Stanford University Bachelor's Degree Former

Executive News

  • Wild Ride for Office REITs

    National Real Estate Investor - 7/21/09 - View Story

  • Maguire Properties Announces Resignation of Executive Vice

    Business Wire via MSN Money - 6/26/09 - View Story

  • Maguire Properties Announces Resignation of Executive Vice President

    Street Insider - 6/26/09 - View Story

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     MPG $1.67 -0.17 (-9.24% )
Average Volume 2,866,760
Shares Outstanding 47.94M
Market Cap 80.1M
Year High 3.24
Year Low 0.325
Earnings Per Share -9.51
P/E Ratio -0.18
Dividend N/A
Yield N/A
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