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Article: Maguire Properties Reports Third Quarter 2009 Financial Results.(Financial report)
- Article from:
- Real Estate Weekly News
- Article date:
- November 20, 2009
CopyrightCOPYRIGHT 2009 NewsRX. 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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Maguire Properties, Inc. (NYSE: MPG), a Southern California-focused real estate investment trust reported results for the quarter ended September 30, 2009. Significant Third Quarter Events As previously announced on August 10, 2009, six special purpose property-owning subsidiaries are or will be in default on their mortgage loans. The defaults occurred as a result of the board of directors approving management's plan to cease funding cash shortfalls at these properties. The properties are Stadium Towers in Central Orange County, Park Place II in Irvine, 2600 Michelson in Irvine, Pacific Arts Plaza in Costa Mesa, 550 South Hope in Downtown Los Angeles, and 500 Orange Tower ...
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