THE L.A. MART® SETS 2006 SHOW CALENDAR

LOS ANGELES (July 25, 2005): The L.A. Mart,® the premier resource for gifts, decorative accessories, trend and lifestyle products and home furnishings in the Western United States, has released its 2006 Calendar of Events, detailing the major bi-annual Gift & Home Furnishings Market,™ the spring and fall interim markets, building-wide sample sales, Designers’ Forum series and its popular “First Tuesday” events. Dates set for 2006 are as follows:

2006 L.A. Mart Calendar of Events

January Gift & Home Furnishings Market

Tuesday, Jan. 17 – Tuesday, Jan. 24, 2006

January Temporaries @ L.A. Mart

Friday, Jan. 20 – Monday, Jan. 23, 2006

Spring Gift & Home Furnishings Market

Sunday, March 19 – Tuesday, March 21, 2006

Spring Sample Sale

Thursday, June 8 – Friday, June 9, 2006

July Gift & Home Furnishings Market

Tuesday, July 18 – Tuesday, July 25, 2006

July Temporaries @ L.A. Mart

Friday, July 21 – Monday, July 24, 2006

Fall Gift & Home Furnishings Market

Sunday, Sept. 17 – Tuesday, Sept. 19, 2006

Fall Sample Sale

Thursday, Nov. 9 – Friday, Nov. 10, 2006

The L.A. Mart’s First Tuesday events, which offer unbelievable sales and deals throughout the building for retailers, are scheduled on the following dates:

First Tuesdays:

Feb. 7, 2006

March 7, 2006

April 4, 2006

May 2, 2006

June 6, 2006

Aug. 1, 2006

Sept. 5, 2006

Oct. 3, 2006

Nov. 7, 2006

Dec. 5, 2006

DESIGNERS' FORUMS

In partnership with leading design magazines, celebrated design authorities and the International Interior Design Association (IIDA), Designers’ Forum is a complimentary seminar series for interior designers featuring local and nationally recognized design experts who focus on topics facing today’s professionals.

Feb. 9, 2006

Jaime Drake, Drake Design Associates

April 4, 2006

Thad Hayes, Thad, Hayes, Inc.

Additional Designers’ Forum dates will be forthcoming.

For more information on the upcoming 2006 schedule of events at the L.A. Mart, visit www.merchandisemart.com and click on “L.A. Mart” under “properties” or call 800.LAMART.4.

ABOUT L.A. MART

The L.A. Mart is the pre-eminent center for gift and home furnishings products in the Western United States. With nearly 300 showrooms encompassing 724,000 square feet of showroom space, the L.A. Mart is dedicated to showcasing a wide array of lifestyle merchandise including gifts, fine furniture and home décor, decorative accessories, tabletop, stationery, collectibles, holiday ideas, gourmet foods, floral, linens, paper products, bath & body items, apparel, children¹s giftware and handcrafted products.

The L.A. Mart is centrally located in the heart of the Furniture & Decorative Arts District at 1933 S. Broadway, Los Angeles, Calif., 90007, at the corner of Broadway and Washington Boulevard.

The L.A. Mart is a registered trademark of MMPI. The Gift & Home Furnishings Market is a trademark 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, 350 W. Mart 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 New York 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. Vornado¹s common shares are listed on the New York Stock Exchange and are traded under the symbol VNO.

MEDIA INQUIRIES ONLY:

Joanna Mineau

Managing Director of Public Relations

Merchandise Mart Properties, Inc. (MMPI)

Phone: 312.527.7074

E-mail: jmineau@mmart.com

Debra Gold

Gold & Company

Phone: 818.567.4653

E-mail: debra@goldsco.com