SPECIAL EVENTS AT NEOCON® WEST 2005 DESIGNED TO ENTERTAIN, EDUCATE

AND BUILD RELATIONSHIPS FOR WEST COAST DESIGN PROFESSIONALS

NeoCon® West presents several events March 9-10, 2005, throughout Los Angeles

LOS ANGELES (Dec. 27, 2004) – NeoCon® West, the West Coast's largest exposition and conference for commercial interiors and the built environment, returns to the L.A. Mart® March 9-10, 2005, bringing with it an array of exciting special events designed for the entertainment, education and networking of its attendees. Powerful in concept, NeoCon West is a forum for the most influential members of the West Coast architects and designers (A&D) community. Professional attendees are encouraged to seize this local opportunity to show their support for the industry, make new connections, build relationships and refine their own value to the industry.

EVENTS

16th Annual IIDA Calibre Awards

Tuesday, March 8, 6-11 p.m., The Beverly Hilton Hotel

9876 Wilshire Blvd., Beverly Hills

International Interior Design Association (IIDA) Southern California Chapter hosts their annual black-tie dinner and awards presentation honoring IIDA members and those who support the industry throughout the year in one of Beverly Hills' most glamorous venues. This year, IIDA honors Keynote Niels Diffrient with the Lifetime Achievement Award. For more information or to purchase tickets, contact the IIDA at 213-747-2391 or e-mail office@iida-socal.org.

Principals' Roundtable

Wednesday, March 9, 9-10:30 a.m.

Presented by: IIDA and Interior Design magazine

Leaders in interior design and architecture convene to discuss significant issues facing the practice and profession. Topics include client service and expectations, the education of clients and stakeholders, the next generation of interior design professionals, as well as competition and expansion. The Principals' Roundtable is specifically geared to firm management including directors of interiors, partners, principals and CEOs. R.S.V.P. by Tuesday, March 1, to Jocelyn Pysarchuk, managing director of communications for IIDA, at 888.799.4432 or jpysarchuk@iida.org.

Opening Night Industry Celebration

Wednesday, March 9, 6-8 p.m. (Complimentary to all guests)

Exhibit Hall, 2nd floor

After a day of doing business in Los Angeles and visiting NeoCon West, attendees can make plans to join in this end-of-day celebration as the show floor transitions into party mode. Friends and colleagues can enjoy cocktails and live entertainment at the party.

The State of L.A.: An Update on the Los Angeles Area Economy

Thursday, March 10, 10-11 a.m. (Complimentary to all guests)

L.A. Mart, California Room

Led by the renowned Jack Kyser, senior vice president, chief economist for the Los Angeles County Economic Development Corporation, this presentation provides an overview of the Southern California economy with an emphasis on what’s driving L.A. County’s diverse market and where the opportunities are for the furniture and fashion industries. Joining Kyser is Ilse Metchek, executive director of the California Fashion Association. This session is open to all NeoCon West attendees.

The Santa Monica Design District Spring Event

Thursday, March 10, 7-10 p.m.

The Santa Monica Design District (SMDD) represents a consortium of showrooms in the Santa Monica area. Committed to exceptional design for the home and workplace, the SMDD will feature their Chair Competition, "Seating of Some Sort," at NeoCon West. Guests are invited to join the SMDD Thursday evening for cocktails and to meet the next generation of product designers coming out of L.A.’s design schools and to network with Santa Monica's best. Visit www.merchandisemart.com (click on NeoCon West) for event details.

For more information about NeoCon West, including a complete listing of exhibitors and events, please visit www.merchandisemart.com or call 800.677.6278 (MART).

The L.A. Mart and NeoCon are registered trademarks of MMPI.

Merchandise Mart Properties, Inc. (MMPI) is a trade show and property management firm, specializing in managing buildings devoted to wholesale showrooms and commercial office space. MMPI produces more than 300 trade shows, market events and conferences each year.

MMPI manages The Merchandise Mart, Chicago Apparel Center, and 33 North Dearborn in Chicago; Market Square, the Suites at Market Square, Hamilton Market, Plaza Suites, Furniture Plaza and the National Furniture Mart in High Point, N.C.; the Architects & Designers Building and 7 W. 34th Street in New York; the L.A. Mart in Los Angeles; and the Washington Design Center and Washington Office Center in Washington, D.C.

Vornado Realty Trust, owner of MMPI, based in New York City, is a fully integrated equity real estate investment trust. Vornado’s common shares are listed on the New York Stock Exchange and are traded under the symbol VNO.

MEDIA INQUIRIES ONLY:

Joanna Mineau

Director of Public Relations

Merchandise Mart Properties, Inc. (MMPI)

Phone: 312-527-7074

E-mail: jmineau@mmart.com

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