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Maguire Properties Inc.
355 South Grand Avenue
Suite 3300
Los Angeles, CA 90071
United States - Map
Phone: 213-626-3300
Fax: 213-687-4758
Web Site: http://www.maguireproperties.com

DETAILS  
Index Membership: N/A
Sector: Financial
Industry: REIT - Office
Full Time Employees: 233


BUSINESS SUMMARY  
Maguire Properties, Inc., a real estate investment trust (REIT), engages in the ownership, management, acquisition, and development of office and real estate properties primarily in California. As of June 30, 2005, the company owned a portfolio of 25 commercial real estate properties, including 22 office and retail projects, a 350-room hotel, 6 off-site parking garages totaling approximately 5,969 spaces, and onsite structured and surface parking totaling approximately 26,549 spaces. It also owned undeveloped land that could support approximately 11.8 million square feet of office, retail, structured parking, and residential uses, as of the above date. The company has elected to be treated as a REIT under the Internal Revenue Code of 1986. As a REIT, it would not be subject to federal income tax, provided it distributes at least 90% of its taxable income to its shareholders. The company was founded in 1965 and is headquartered in Los Angeles, California.

This stocks technical picture has improved...

MAGUIRE PROPERTIES(NYSE: MPG)
After Hours: $2.60    0.28 (+12.07%)5:50PM EThelp

52wk Range: 1.03 - 28.31
Volume: 2,330,513
Avg Vol (3m): 876,214

Technicals
Percentage Gainer

Last Price Quote is:
36.85%above 13-day MA
-16.17%below 50-day MA
RS Rating: 8 

Fundamentals
Key Data:
Market Cap (M): $67.04 
P/E Ratio: 31.66 
PEG Ratio: -0.0588235 
Next Earnings: 02/10/2009
Last Analyst Rating: Hold

Press Release Source: Maguire Properties, Inc.


Maguire Properties Corrects Erroneous Media Report
Wednesday January 14, 8:15 pm ET


LOS ANGELES--(BUSINESS WIRE)--Maguire Properties, Inc. (NYSE: MPG - News), a Southern California-focused real estate investment trust, stated that the $165 million loan originated on 550 South Hope, a 28-story office property in downtown Los Angeles is current contrary to what appeared today in a media report.


The loan was originated by RBS Greenwich Capital in April 2007 when the Company acquired the downtown property as part of the Blackstone/Equity Office Properties Southern California portfolio acquisition.

About Maguire Properties, Inc.

Maguire Properties, Inc. is the largest owner and operator of Class A office properties in the Los Angeles central business district and is primarily focused on owning and operating high-quality office properties in the Southern California market. Maguire Properties, Inc. is a full-service real estate company with substantial in-house expertise and resources in property management, marketing, leasing, acquisitions, development and financing. For more information on Maguire Properties, visit the Company's website at www.maguireproperties.com.

Business Risks

This press release contains forward-looking statements based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially. These risks and uncertainties include: general risks affecting the real estate industry (including, without limitation, the inability to enter into or renew leases at favorable rates, dependence on tenants' financial condition, and competition from other developers, owners and operators of real estate); risks associated with the availability and terms of financing and the use of debt to fund acquisitions and developments; risks associated with the potential failure to manage effectively the Company's growth and expansion into new markets, to complete acquisitions or to integrate acquisitions successfully; risks and uncertainties affecting property development and construction; risks associated with downturns in the national and local economies, increases in interest rates, and volatility in the securities markets; risks associated with joint ventures; potential liability for uninsured losses and environmental contamination; risks associated with the Company's potential failure to qualify as a REIT under the Internal Revenue Code of 1986, as amended, and possible adverse changes in tax and environmental laws; and risks associated with the Company's dependence on key personnel whose continued service is not guaranteed.

For a further list and description of such risks and uncertainties, see our Annual Report on Form 10-K/A filed with the Securities and Exchange Commission on April 28, 2008. The Company does not update forward-looking statements and disclaims any intention or obligation to update or revise them, whether as a result of new information, future events or otherwise.




Contact:
Maguire Properties, Inc.
Peggy Moretti
Senior Vice President, Investor and Public Relations
(213) 613-4558

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Source: Maguire Properties, Inc.

Maguire Properties founder buys shares
Thursday January 15, 5:39 pm ET 
Former Maguire Properties CEO buys shares to increase stake in company he founded


LOS ANGELES (AP) -- Maguire Properties Inc. founder Robert F. Maguire III said Thursday he has increased ownership in the real estate investment trust and its operating partnership to more than 19 percent after recent stock purchases.


Maguire, who was ousted as the company's chief executive in May, bought about 1.6 million common shares of the company from Dec. 9 to Jan. 13 for about $3 million, a Securities and Exchange Commission filing shows.

Maguire now owns 4.7 million shares, or 9.8 percent, of common stock. Together with roughly 5.8 million units of Maguire Properties LP, Maguire Properties' operating partnership, the former CEO now owns 19.4 percent of the combined outstanding common equity of Maguire Properties and its operating partnership, the SEC said.

Shares of the company jumped on the news, gaining 43 cents, or 23.6 percent, to close at $2.25. The stock has traded between $1.03 and $27.92 in the past 52 weeks.

In a news release, Maguire said he is considering alternatives for his investment, "including an acquisition of additional shares, an acquisition of all of the outstanding shares of common stock of Maguire Properties that he does not currently own or another form of extraordinary transaction."

In May, Nelson C. Rising took over as president and chief executive, replacing Maguire, who was ousted by the board of directors. Before his ouster, Maguire had expressed interest in buying back the company but abandoned those efforts.

Maguire Properties owns and develops commercial real estate, with a focus in Southern California.

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52wk Range: 1.03 - 27.92
Volume: 1,237,030
Avg Vol (3m): 933,581

Technicals
Percentage Gainer

Last Price Quote is:
9.43%above 13-day MA
-15.40%below 50-day MA
RS Rating: 7 

Fundamentals
Key Data:
Market Cap (M): $120.68 
P/E Ratio: 31.66 
PEG Ratio: -0.0723982 
Next Earnings: 02/10/2009
Last Analyst Rating: Underweight

Updated look.......

52wk Range: 1.03 - 27.92
Volume: 564,380
Avg Vol (3m): 954,967

Technicals
Percentage Gainer

Last Price Quote is:
17.71%above 13-day MA
4.14%above 50-day MA
RS Rating: 25 

Fundamentals
Earnings Expected on Feb 10

Key Data:
Market Cap (M): $99.61 
P/E Ratio: 31.66 
PEG Ratio: -0.0769231 
Next Earnings: 02/10/2009
Last Analyst Rating: Underperform

updated chart look...