Brook eld to boost L.A. presence

NEW YORK — Brookfield Office Properties Inc. is beginning the next phase of its friendly takeover of MPG Office Trust, Inc., which brings interests in four more Los Angeles towers to BPO’s property holdings.

Brookfield Office Properties, part of a Canadian conglomerate of companies, is offering $25 US cash for each share of MPG preferred stock tendered by July 12, the New York-based real-estate company announced Friday.