General Growth Properties did it. Opus East and Opus South did it. More
than a few REITs have filed for bankruptcy due to ramifications of the
tumultuous economy and frozen credit market, but Maguire Properties
Inc. says that option is just not up for consideration. While shaking
its head at bankruptcy rumors, the financially troubled Los
Angeles-based REIT continues its non-core asset disposition program
with the completion of a deed in lieu transaction of the 1.7
million-square-foot Park Place I office property in Irvine, Calif.

