Maguire Properties Declares Preferred Stock Dividend

LOS ANGELES--(Business Wire)--
Maguire Properties, Inc. (NYSE: MPG), a Southern California
focused real estate investment trust, today announced that its Board
of Directors has declared a dividend payable on its Series A Preferred
Stock for the period of February 1, 2008 through and including April
30, 2008 of $0.4766 per preferred share. The dividend is payable on
April 30, 2008 to preferred stockholders of record as of April 11,
2008.

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 general risks
affecting the real estate industry (including, without limitation, the
inability to enter into or renew leases, dependence on tenants'
financial condition, and competition from other developers, owners and
operators of real estate); risks associated with the availability and
terms of financing and the use of debt to fund acquisitions and
developments; failure to manage effectively the Company's growth and
expansion into new markets to complete acquisitions or to integrate
acquisitions successfully; risks associated with joint ventures
including loss of sole decision-making authority and potential
disputes with joint venture partner; risks and uncertainties affecting
property development and construction; 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. 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.

Maguire Properties, Inc.
Peggy Moretti, Senior Vice President, Investor Relations
213-613-4558

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