Maguire Sells Three OC Properties

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Shares in Maguire Properties Inc. gained nearly 4 percent Monday after the company said it agreed to sell three office properties in Orange County for $310 million.


The Los Angeles-based real estate investment trust said Monday that it is selling the properties, which it bought from Blackstone Group LP in February, to closely held Rockwood Capital LLC and the Muller Co. Maguire said proceeds from the sale will go to help pay down the remaining debt from the $2.9 billion purchase.


Maguire has three other Orange Country properties up for sale.


Shares in Maguire rose $1.22, or 3.6 percent, to $34.95 in afternoon trading Monday on the New York Stock Exchange.

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