Meredith is the last name of the company's president, chairman and CEO, Allen Meredith, who has been with the company for about two years and owns a 10% stake. Meredith, a former CEO for Trammell Crow's Northwest Region, tells GlobeSt.com the new name may not better explain his company's national focus, but it doesn't scream West Coast anymore. It also better matches the company's trading symbol, which remains MPQ.

Part of the reason for the name change was the October 2002 acquisition of Northlake Festival Shopping Center in Atlanta, a property Meredith was involved in the development of while he was with TCC's retail division in Atlanta. Back on the West Coast, the company also is in contract to acquire a 2.5 acre parcel of undeveloped land in Garden Grove, CA for $2.2 million. The sale is expected to close this week.

The company's share price stands at $10.59, unchanged from Friday. The company's 52-week high share price of $14.35 occurred in December. It's 52-week low of $9.85 occurred in February.