Playa Vista Negotiations Continue

Maguire Thomas Partners, which had said it would select an investor by the end of January to finance its Playa Vista project, said it is continuing to negotiate with potential investors. The Los Angeles-based developer has been negotiating with several financial groups--including Morgan Stanley, Goldman Sachs and a pool of union pension funds led by Pacific Capital Group--to try to start the stalled multibillion-dollar project south of Marina del Rey. Maguire Thomas spokeswoman Peggy Morretti said that the firm is pleased with the discussions but that an equity investor “has not been selected.” An official with Beverly Hills-based Pacific Capital said negotiations “are progressing.”