Maguire Properties operates as a real estate investment trust. Through its controlling interest in Maguire Properties, L.P. (the ?Operating Partnership?), of which it is the...
Question-and-Answer SessionOperator Operator Instructions Your first question comes from Jordan Sadler of Keybanc Capital. Jordan Sadler - Keybanc Capital Markets Thank you. Good morning, everybody. Nelson, could you just expand on one of your last comments there. You’ve got this asset expected...
Question-and-Answer SessionOperator Operator Instructions Your first question comes from Jay Habermann – Goldman Sachs [Sloan Vaughn] – Goldman Sachs Good morning guys. It's actually [Sloan Vaughn] online with Jay, just a quick question about the 2009 debt maturities. I wonder if you could give us some...
Greg Weston submits: When evaluating short plays of financials with falling asset values, a very profitable strategy for me the past two years, I look for three things: ownership of the declining assets, short-term or callable financing, and a high degree of leverage. In 2007 such companies were easy to...
Greg Weston submits: So far I have written four “Short Ideas” for Seeking Alpha, and my track record has been stellar. My article on Crystal River CRZ was submitted when the stock was around 3.5, and as I write it is now at 2.18, down nearly 40%. In it...
LOS ANGELES -- Maguire Properties, Inc. (NYSE: MPG), a Southern California-focused real estate investment trust, today announced that it has extended the maturity of its mortgage loan at Brea Campus in Orange County to May 2010. The Company has two one-year extensions remaining under this loan that allow...
LOS ANGELES -- Maguire Properties, Inc. (NYSE:MPG), a Southern California-focused real estate investment trust, today announced that it has extended the maturity of its mortgage loan at City Parkway in Central Orange County to May 2010. The Company has two one-year extensions remaining under this loan that allow...
REAL ESTATE: Landlord trying to sell offices, may turn over to bank Recent big leases at Maguire Properties Inc.'s beleaguered Orange County office buildings haven't stopped the Los Angeles-based landlord from looking to offload a good portion of the properties it owns here. Maguire reported last...
LOS ANGELES -- Maguire Properties, Inc. (NYSE: MPG), a Southern California-focused real estate investment trust, today reported results for the quarter ended September 30, 2008. Significant Third Quarter and Recent Events * During the third quarter, we completed new leases and renewals for approximately 313,000 square...
Maguire Properties Inc. could be looking to unload more of its Orange County buildings, according to Robert Maguire, the founder and former chief executive of the Los Angeles-based landlord. The real estate investment trust is in the midst of selling its most prominent property here, Irvine's Park Place campus....
The finance arm of Fountain Valley's Hyundai Motor America Inc. is looking to expand in a down market. Despite slower auto sales and the credit crisis, Hyundai Motor Finance Co. is aiming to eventually double in size from the 250 workers it has. "The market will correct itself,"...
George A. Vandeman Named Chairman of the Board LOS ANGELES -- Maguire Properties, Inc. (NYSE: MPG), a Southern California-focused real estate investment trust, today announced that, at its Annual Meeting held today, the Company's shareholders voted to elect its seven Director-nominees, Jonathan M. Brooks, Christine N. Garvey, Cyrus...
LOS ANGELES -- Maguire Properties, Inc. (NYSE:MPG), a Southern California-focused real estate investment trust, today announced that it has extended maturities on two construction loans with Guaranty Bank, one of the Company's long-standing construction lenders. The combined outstanding balance for the construction loans on 17885 Von Karman (Irvine,...
Company Extends Maturity on 3161 Michelson Office Tower Loan LOS ANGELES -- Maguire Properties, Inc. (NYSE:MPG), a Southern California-focused real estate investment trust, today announced that it has completed its $100.0 million financing secured by Plaza Las Fuentes. The Company also extended the maturity to September...
Irvine Company Hires Former Maguire Exec; First American Still Vying for Colorado Market REAl ESTATE COMMERCIAL Values are sinking on more than just Orange County homes. In the Sept. 8 issue of the Business Journal, I wrote a story about Los Angeles-based Maguire Properties...
LOS ANGELES -- Maguire Properties, Inc. (NYSE: MPG), a Southern California-focused real estate investment trust, announced that, on September 18, 2008, its Board of Directors declared a dividend payable on its Series A Preferred Stock for the period of August 1, 2008 through and including October 31, 2008 of $0.4766...
LOS ANGELES -- Maguire Properties, Inc. (NYSE:MPG), a Southern California-focused real estate investment trust, announced today it has executed a new lease for Hyundai Motor Finance Company for approximately 100,000 square feet in the 3161 Michelson building in Park Place in Orange County, California. Hyundai is expected to occupy its...
Los Angeles-based Maguire Properties Inc. announced the sale of City Plaza tower in Orange last week without divulging many financial details. Now details are emerging, and they aren't pretty. Maguire sold one of its largest buildings in Central County to Los Angeles' Hudson Capital LLC, which was founded...
Hirings, promotions and other moves at local businesses ARCHITECTURE Maria Martinico joined HKS Inc. in Irvine as global practice leader of commercial interiors. She will expand the firm's commercial interiors group. She has experience working for Maguire Properties Inc. and Valeant Pharmaceuticals International. ARTS &...
LOS ANGELES -- Maguire Properties, Inc. (NYSE:MPG), a Southern California-focused real estate investment trust, announced today that it has completed the sale of City Plaza in Central Orange County, California to an entity owned by Hudson Capital LLC. This disposition is part of the Company's previously announced plan...
LOS ANGELES -- Maguire Properties, Inc. (NYSE:MPG), a Southern California-focused real estate investment trust, announced today that it has completed the sale of Main Plaza in Orange County, California to Shorenstein Properties LLC. This disposition is part of the Company's previously announced plan to sell certain Orange County...
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