California Capital reports initial 9.7% stake in Maguire Properties

By Angela McDaniels

Tacoma, Wash., Oct. 10 - Maguire Properties, Inc. investors led by California Capital LP and Themba LLC purchased 4.65 million shares of the company's common stock for a 9.7% stake.

The shares were purchased between Sept. 29 and Oct. 7 for $5.81 to $6.23 each, according to a schedule 13D filing with the Securities and Exchange Commission.

The investors said they may consider having discussions with the company's management and board of directors regarding the company's business and ways to maximize shareholder value. They may also have similar discussions with other shareholders, potential strategic and financing partners and other third parties.

Maguire Properties is a Los Angeles-based real estate investment trust.

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