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LOS ANGELES-Joint venture partners MPG Office Trust and Australia’s Charter Hall Office REIT have refinanced their 42-story, 992,000-square-foot One California Plaza office tower at 300 S. Grand Ave. in Downtown Los Angeles with $160 million in new debt. The new financing consists of a $140 million mortgage loan, which bears interest at a fixed rate of 4.775%, and an up to $20 million mortgage that bears interest at a floating rate equal to one month LIBOR plus 3%, according to an announcement from MPG, which owns a 20% interest in the joint venture. The new financing matures on July 1, 2016.

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