| 16.06.2009 - Maguire Properties sells SoCal tower to Emmes |
| From AP: Facing mounting debt payments and lagging demand for office space, Maguire Properties Inc. has 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 the 3161 Michelson building in Irvine, Calif., to New York-based Emmes Group of Cos., the companies said Monday. The Wall Street Journal reported the sale on Sunday.......Full Article: Source |