Blackstone sells L.A. Office Properties to Maguire for $3 billion

“The Blackstone Group, the private equity firm that bought Equity Office Properties Trust in the biggest leveraged buyout ever, agreed to sell 23 Southern California buildings it acquired in the purchase to Maguire Properties Inc. for about $3 billion, it was learned. Maguire, the biggest office landlord in downtown Los Angeles, will gain more than 6.8 million square feet in Orange County and downtown Los Angeles”.