0 minute readLong-suffering office landlord Maguire Properties on Monday reported a first-quarter profit linked largely to the forgiveness of a $49.1m debt it was unable to pay. The Los Angeles real estate investment trust, which owns some of the region’s best-known skyscrapers including the US Bank Tower in downtown Los Angeles, finished the quarter with $18.6m in net income attributable to common shareholders, a dramatic contrast from the $53.9m loss reported a year earlier. Finances in both quarters were influenced by significant one-time events, however.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
Most Popular Articles
Latest Articles
What a 50-year-old letter says about accountability in homebuilding
Exactly 50 years ago this time of year, a 51-year-old man handwrote a four-page letter on a legal pad to his then 21-year-old son, one of seven children – six of them sons and one angel of a daughter – who was spending a semester studying in Dublin, Ireland. The letter’s narrative arc, now mostly […]
-
Four rules for underwriting secondary Texas markets in a slower cycle
-
ICE executives detail AI cybersecurity efforts through Project Glasswing
-
Home flipping slowed in early 2026 but investors saw returns tick up
-
Aging in place is reshaping housing demand — and most homes aren’t ready
-
Retirement plan participation reaches record high, but financial pressures persist
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
