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MPG Auctions LA Office Towers Backing $470M Defaulted Loan

By Kaitlin Ugolik (October 2, 2012, 7:20 PM EDT) -- A foreclosure auction was held Monday for two 54-story office towers at Two California Plaza in downtown Los Angeles, relieving owner MPG Office Trust Inc. of a $470 million defaulted mortgage secured by the property, according to MPG....

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