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TrizecHahn, Maguire Call Off Negotiations

LOS ANGELES-The two companies had been negotiating to create a joint venture, but the talks have been suspended indefinitely, according to a recent announcement by TrizecHahn.

By Erin Cassin | Updated on September 21, 2001

LOS ANGELES-Talks regarding a joint venture between Los Angeles-based Maguire Partners and Toronto, Canada-based TrizecHahn Corp. have been halted indefinitely, the Canadian real estate company recently announced.

TrizecHahn confirmed that it had been in discussions with Maguire, but stated that talks have been suspended due to the “current market environment, and in view of TrizecHahn’s primary objective to undertake the previously announced corporate reorganization.” The company issued the announcement after reports surfaced that TrizecHahn had struck an agreement to purchase a majority interest in the Maguire Partners office portfolio.

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