REVIVAL OF L.A. DESIGNWEEK™, MARCH 27-30, 2006, UNITES THE WEST COAST DESIGN COMMUNITY FOR A CITYWIDE CELEBRATION

NeoCon West®, March 27-28, kicks off this all-encompassing event with exciting product introductions, special events, educational programming and industry networking events

WHAT: Los Angeles is a mecca for high-style, trend-setting products and innovative design. From March 27-30, 2006, L.A. will be transformed into a citywide celebration of design during L.A. DesignWeek™. The revival of this exciting week draws on the resurgence in the contract furnishings industry and the spirit of partnership in L.A.’s design community to create a truly unique event specifically for the West Coast.

WHO: L.A. DesignWeek/NeoCon West is an essential resource for designers, architects, specifiers, facility managers, students and anyone interested in gaining access to some of the industry’s most important manufacturers and influential thinkers.

WHY: For the first time ever, each day of L.A. DesignWeek will focus on a different design district around the city and feature a full schedule of product displays, seminars, networking and parties. L.A. DesignWeek encompasses NeoCon West at the L.A. Mart, major contract furnishings showrooms in downtown Los Angeles, the Santa Monica Design District, West Week at the Pacific Design Center and the Avenues of Art and Design in West Hollywood. Showrooms include Haworth, Steelcase and Knoll. This comprehensive schedule of events and locations allows thousands of designers, facility managers and real estate professionals to navigate the immense offerings.

WHEN: L.A. DesignWeek/NeoCon® West

Information about exhibiting at NeoCon West can be found at www.merchandisemart.com/neoconwest or by calling 800.677.MART.

NeoCon West is a registered trademark of Merchandise Mart Properties Inc. (MMPI).

MMPI is a trade show, leasing 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. Vornado’s common shares are listed on the New York Stock Exchange and are traded under the symbol VNO.

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CONTACT:

Natalie Campbell

Public Relations Associate

Merchandise Mart Properties, Inc.

Phone: 312.527.7790

E-mail: ncampbell@mmart.com