Richard Meruelo, Chairman and Chief Executive Officer of MerueloMaddux Properties, presides over the Market Open

Friday, January 26, 2007
at NASDAQ's MarketSite
in New York City.

MerueloMaddux Properties
[MMPI]

Richard Meruelo, Chairman and Chief Executive Officer of MerueloMaddux Properties (MMPI), presides over the opening bell to celebrate the Company's initial public offering on NASDAQ.
MerueloMaddux Properties is a self-managed, full-service real estate company that develops, redevelops and owns commercial and residential properties in downtown Los Angeles and other densely populated urban areas in California that are undergoing demographic or economic changes. MerueloMaddux Properties is committed to socially responsible investment. Through its predecessor business, MerueloMaddux Properties has been investing in urban real estate since 1972.

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Click for larger pictures of the NASDAQ MarketSite. Additional Photographs for 01/26/2007 Download Hi-Res Quality Photo of this NASDAQ Market Open - Pictured: Richard Meruelo, Chairman and Chief Executive Officer of MerueloMaddux Properties, Ring The NASDAQ Stock Market Opening Bell. Left to right, Eduardo S. Elsztain, chairman of IRSA, Carol Bartz, president and CEO of Autodesk, Inc., unidentified, Greifeld, unidentified, and Michael Splinter, Applied Materials president and CEO. These photos are Copyright 2007, The Nasdaq Stock Market Inc. and available for re-publication by the news media only. Any commercial use is strictly prohibited without the prior written consent of The Nasdaq Stock Market Inc. © Copyright 2007, The NASDAQ Stock Market, Inc. Reprinted with the permission of The Nasdaq Stock Market, Inc.