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Shunning Bankruptcy Rumors, Maguire Continues Disposition Program with Park Place Deal PDF Print E-mail
Friday, 14 August 2009 11:20
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.




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