LOS ANGELES, December 8, 2005, - Maguire Properties, Inc. (NYSE: MPG), a Southern California focused real estate investment trust, today announced the appointment of Mr. Lewis (“Lew”) Wolff, chairman of Wolff Urban Management, Inc., to its Board of Directors effective immeidately.
In addition to his role at Wolff Urban Management, Mr. Wolff is also co-founder and since 1994, has served as Chairman of Maritz, Wolff & Co., a privately held hotel investment group that invests in top-tier luxury hotels. Mr. Wolff serves as Chairman of Sunstone Hotel Investor, Inc., Vice Chairman of Rosewood Hotels & Resorts and also served as co-Chairman Hotel of Fairmont Hotels & Resorts, a hotel management company formed by Fairmont Hotel Management Company and Canadian Pacific Hotels & Resorts, Inc. from 1999 through summer 2004.
Mr. Wolff acquired ownership of Major League Baseball’s Oakland Athletics in April 2005. He is a former owner in the St. Louis Blues National Hockey League team and the Golden State Warriors National Basketball team.
Maguire Properties’ board of directors has determined that Mr. Wolff qualifies as independent under New York Stock Exchange rules and Maguire Properties’ governance guidelines. As such, Mr. Wolff will be eligible to serve on Maguire Properties’ board committees comprised of independent directors.
“Lew has extensive real estate, finance, management and public company board experience and is a most welcome addition to our board”, said Mr. Robert F. Maguire III, Chairman and Co-Chief Executive Officer of Maguire Properties. “His wealth of knowledge both in real estate and in deal acquisitions will be a tremendous asset.”
Mr. Wolff holds board and trustee positions with Grill Concepts, Inc., First Century Bank and the Museum of Contemporary Art (MOCA). Mr. Wolff holds a bachelor’s degree in business administration from the University of Wisconsin, Madison and received his master’s degree from Washington University in St. Louis..
About Maguire Properties, Inc.
Maguire Properties, Inc. is the largest owner and operator of Class A office properties in the Los Angeles central business district and is primarily focused on owning and operating high-quality office properties in the Southern California market. Maguire Properties, Inc. is a full-service real estate company with substantial in-house expertise and resources in property management, marketing, leasing, acquisitions, development and financing. For more information on Maguire Properties, visit the Company’s website at www.maguireproperties.com.
