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Article: Maguire Properties Agrees to Acquire $2.875 Billion Portfolio of Orange County and Downtown Los Angeles Assets.
- Article from:
- Business Wire
- Article date:
- February 20, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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- Company Will Hold a Conference Call to Discuss Acquisition February 21, 2007, at 9:00 a.m. Pacific Time -
- Further Information about This Transaction Will Be Available on the Company's Website at MaguireProperties.com Prior to the Call -
LOS ANGELES -- Maguire Properties, Inc. (NYSE:MPG), a Southern California focused real estate investment trust, today announced that it has entered into an agreement with The Blackstone Group to acquire all of the real property assets in Orange County and Downtown Los Angeles that were part of the former Equity Office Properties portfolio. The purchase price will be approximately $2.875 billion and the Company intends ...