MPG Office Trust Further Reduces Company’s Debt Level

LOS ANGELES--(BUSINESS WIRE)--MPG Office Trust, Inc. (NYSE:MPG), a Southern California-focused real estate investment trust, today consented to the appointment of a receiver to take possession of Two California Plaza. The court appointed receiver will now be responsible for the management and operation of the building. This is a key first step in MPG’s plan to exit Two California Plaza on a cooperative basis with the special servicer. Two California Plaza is currently encumbered by $470.0 million of mortgage debt.