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LOS ANGELES-MPG Office Trust continues to dispose of assets encumbered by high levels of debt, reporting that it sold its 565,738-square-foot 550 S. Hope office tower in Downtown Los Angeles in cooperation with the special servicer for the mortgage on the building. MPG says it was relieved of an obligation to repay the $200 million mortgage on the property, as well as contractual and default interest on the loan, which was in default as of Dec. 31, according to the REIT’s annual report.

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