Maguire expects to be completed in the second quarter of 2007,with Eastdil Secured acting as adviser for the transaction. The 11Orange County properties represent the bulk of the buildings onsale, both in terms of number of buildings and square footage,totaling approximately three million sf.

The 17 properties being sold include several from the former EOPportfolio. The four Los Angeles County properties are in Glendaleand total approximately 950,000 sf, while the two in San Diegototal approximately 700,000 sf.

In addition to the existing office buildings, the portfolioincludes parcels for development. Rob Maguire, chairman and CEO,says that the REIT's sale of the assets "will enable us to focus ona streamlined asset base in L.A., Orange and San Diego counties,including our development pipeline," in addition to reducing debtfrom the EOP deal.