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Downtown's Biggest Office Landlord In Stock Freefall

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Maguire Properties—the owner of numerous Downtown and Orange County office buildings, including the U.S. Bank Tower—saw its stock plunge today to $13.56 a share, or 21%, the biggest decline since the company went public in 2003. Bloomberg reports the drop is due to another aborted sale of the company; Maguire himself once tried to buy it back. The company's lackluster profit performance had put in on the chopping block but turmoil in the credit markets turned off buyers. Hey, for a cool $30 billion Maguire could be yours. Who wouldn't want an office on the 73rd floor? [Bloomberg]