Maguire Properties sells high-rise at loss
Published: June 16, 2009
Tags: Emmes Group, Maguire Properties Inc., office, retail
Alex Veiga AP Real Estate Writer Los Angeles (AP) — Facing mounting debt payments and lagging demand for office space, Maguire Properties Inc. sold a 19-story office high-rise in Southern California to another real estate investment firm for $160 million — a discount of roughly 35 percent. Maguire, which owns and operates office buildings, sold [...]