LOS ANGELES--(BUSINESS WIRE)--Meruelo Maddux Properties, Inc. (“MMPI”) (OTC: MMPIQ.PK) announced today that it has changed its name to EVOQ Properties, Inc. and its stock symbol to (“EVOQ”) (OTC), effective immediately.
EVOQ Properties, Inc. (pronounced ‘evoke’) is one of the largest non-government property owners in downtown Los Angeles, with holdings in industrial, office, retail, residential, and mixed-use real estate. EVOQ has more than 35 properties under ownership, with approximately 3.5 million square feet of real estate.
“Today’s unveiling of the EVOQ name, which reflects our new team culture and potential for growth at this innovative company, marks a significant milestone,” said EVOQ CEO Martin Caverly. “As we move forward, we remain confident that our creative and highly energized real estate professionals understand the emerging trends and transformation occurring in downtown Los Angeles. With fresh capital and new senior management, the EVOQ Properties platform is well-positioned to adapt to this continued growth and the needs of our clients.”
In July, 2011 Meruelo Maddux completed a reorganization and announced the appointment of 20-year real estate veteran Martin Caverly as Chief Executive Officer.