Real Estate/Development
Mar. 2, 2004
REIT Was Right Decision for Maguire Properties
When Maguire Properties Inc. went public in June 2003, it was delving into uncharted territory. The company was the first real estate trust with assets concentrated in downtown Los Angeles to hit the markets.
BY TONI VRANJES
Los Angeles Daily Journal Staff Writer
When Maguire Properties Inc. went public in June 2003, it was delving into uncharted territory. The company was the first real estate trust with assets concentrated in downtown Los Angeles to hit the markets.
The risk paid off, and the deal raised $798 million, the largest California initial public offering of 2003, according to research firm Thomson Financial.
Maguire Properties ...
Los Angeles Daily Journal Staff Writer
When Maguire Properties Inc. went public in June 2003, it was delving into uncharted territory. The company was the first real estate trust with assets concentrated in downtown Los Angeles to hit the markets.
The risk paid off, and the deal raised $798 million, the largest California initial public offering of 2003, according to research firm Thomson Financial.
Maguire Properties ...
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