An Oct. 1 8-K regulatory filing with the Securities and Exchange Commission stated that Maguire has lost the deed to Los Angeles office tower Two California Plaza, which is considered a trophy asset. The company has defaulted on a $470 million loan securitized in GSMS 2007-GG10.

According to a Barclays Capital report released this afternoon, the move was "widely expected" given that MPG had previously said that it did not intend to hold onto the 1.3 million square feet building.

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