Maguire Properties Renews 184,000 Square Feet Lease with Sony Computer Entertainment America at San Diego Tech Center

Business Wire, June 03, 2009

LOS ANGELES -- Maguire Properties, Inc. (NYSE:MPG), a southern California based real estate investment trust, announced today its tenant, Sony has renewed its commitment to the San Diego Tech Center for another five years beginning January 1, 2010.

Mr. Nelson C. Rising, President and Chief Executive Officer of Maguire Properties, said, “We are extremely pleased to renew Sony at San Diego Tech Center. Our Company has a strong relationship with Sony and their renewed commitment is a vote of confidence to the asset’s profile.”

Mssrs. Brian Driscoll and Rick Reeder of Grubb & Ellis represented Sony Computer Entertainment America in the transaction and Maguire Properties was represented by Mssrs. Peter Johnston, Stefan Khudic and Chris Powers.

San Diego Tech Center is a 38-acre campus comprised of nine office buildings located just four miles from the University of California, San Diego and Scripps. The campus features numerous amenities including an award winning Japanese garden, tennis courts, sand volleyball court and basketball court.

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.

Business Risks

This press release contains forward-looking statements based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially. These risks and uncertainties include: risks that the closing conditions to the above-described acquisition and/or financing will not be satisfied and the acquisition and financing not be completed as a result thereof; risks associated with the availability and terms of financing and the use of debt to fund acquisitions and developments, including that increased leverage could adversely affect the company’s financial performance; risks that the company may not be able to dispose of non-strategic assets at attractive valuations; risks associated with the failure to manage effectively the Company’s growth and expansion into new markets or to integrate acquisitions successfully; risks and uncertainties affecting property development and construction; general risks affecting the real estate industry (including, without limitation, the inability to enter or renew leases, dependence on tenants’ financial condition, and competition from other developers, owners and operators of real estate); risks associated with downturns in the national and local economies, increases in interest rates, and volatility in the securities markets; potential liability for uninsured losses and environmental contamination; risks associated with our company’s potential failure to qualify as a REIT under the Internal Revenue Code of 1986, as amended and possible adverse changes in tax and environmental laws; and risks associated with the Company’s dependence on key personnel whose continued service is not guaranteed. For a further list and description of such risks and uncertainties, see the reports filed by the Company with the Securities and Exchange Commission, including the Company’s most recent annual report on form 10-K. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.