Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LOS ANGELES-This morning, Maguire Properties Inc. announced the pricing of its initial public offering for 36.51 million shares of its common stock at $19 per share.

The Maguire offering, trading under the symbol MPG on the New York Stock Exchange, is being managed by Credit Suisse First Boston LLC and Citigroup Global Markets Inc. Co-managers are Deutsche Bank Securities Inc., Banc of America Securities LLC, UBS Securities LLC, Wachovia Securities LLC, Legg Mason Wood Walker Inc., AG Edwards & Sons Inc. and Raymond James & Associates Inc. The company has granted the underwriters an option to purchase nearly 5.5 million additional shares for over-allotments, if any. In early morning trading, Maguire’s new stock was selling for $19.17 per share with volume at more than 6.6 million shares.

Maguire, based in Downtown Los Angeles, is a development and investment company that has built some of the largest trophy office properties in the city’s CBD. Headed by Robert F. Maguire III, the company developed and owns the 73-story Library Tower in Downtown LA, along with properties in the Tri-Cities area of Pasadena, Glendale and Burbank as well as properties in the Dallas-Fort Worth area in the corridor between DFW International Airport and Alliance Airport.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.