April 12, 2004

Los Angeles — The Richard S. Ziman Center for Real Estate at UCLA Anderson School of Management will present its inaugural “2004 Focus on Commercial Real Estate Conference” on May 6, 2004. Entitled “A Tale of Two Cities,” the conference will feature a comparison of the commercial office markets in San Francisco and Los Angeles. The conference will be held from 7:30 a.m. to 3:30 p.m. at the Skirball Cultural Center, 2701 N. Sepulveda Blvd. in Los Angeles. Chaired by William Kamer, senior vice president, Douglas Emmett & Co., the conference will focus on the challenges and opportunities in California's commercial office markets.

“The future vitality of California's economy is heavily dependent on the State's commercial real estate markets,” said John Long, managing partner of Highridge Partners and chairman of the Ziman Center. “The focus of this conference is to provide a forum for the presentation of real-time data on the State's two largest office markets and the opportunities and challenges presented by those markets.”

Opening the morning program will be “State of the State's Commercial Markets,” a panel presentation by members of the Ziman Center's Founding Board, moderated by Kathleen S. Briscoe, executive vice president, Lowe Enterprises Investment Management. Panel participants include: Jordan Kaplan, principal & CEO, Douglas Emmett; John Long, managing partner, Highridge Partners; Michael Van Konynenburg, president, Secured Capital Corp.; and Richard Ziman, chairman, Arden Realty, Inc., all of whom will offer their unique perspectives on commercial real estate in California.

This presentation will be followed by the main feature of the day: an analysis and comparison of the Los Angeles and San Francisco central office markets entitled “Los Angeles & San Francisco - Tale of Two Cities.” Specially prepared data on Los Angeles will be presented by Andrew Ratner, executive managing director, Cushman & Wakefield, while Glen Esnard, senior managing director, CB Richard Ellis, will review the San Francisco market.

The morning program will conclude with an industry panel commenting on the issues raised by the Cushman & Wakefield and CB Richard Ellis studies. Entitled “Finding the Keys to the Cities,” the panel will be moderated by Jeffrey Weber, managing director of Eastdil Realty Company, and will include Jeremy Fletcher, senior vice president, Beacon Capital Partners; Richard Gilchrist, Co-CEO & president, Maguire Properties; Jeffrey Johnson, executive vice president & chief investment officer, Equity Office Properties; and Stuart Shiff, CEO, Divco West Properties.

The conference Networking Luncheon will feature an address by Raymond Mikulich, managing director & co-head of Lehman Brothers Real Estate Partners. The afternoon will allow participants to “Meet The Experts” by attending two of three forty-five minute workshops addressing Capital Market Opportunities, Land Use & Entitlements, and Mixed-Use Development.

The Focus on Commercial Real Estate Conference is sponsored by Arden Realty, Inc; Ernst & Young; Ervin, Cohen & Jessup, LLP; Highridge Partners; California Real Estate Journal; Chicago Title; Deloitte Touche; Fidelity National Title; KeyBank Real Estate Capital; George Smith Partners; GlobeSt.com; Fremont Investment & Loan; CORENET; Manatt/Phelps/Phillips LLP; Pircher, Nichols & Meeks; CoStar Group; Prudential Mortgage Capital; CB Richard Ellis; First Property Realty Corp.; Lowe Enterprises; Cushman & Wakefield; Los Angeles Commercial Realty Association; Real Estate Southern California; LoopNet.com; and RENTV.COM.

For reservations or further information about the conference, contact the Ziman Center at (310) 206-9424, or visit the Conference Web site.

For sponsorships and participation for this and future Ziman Center conferences, please contact Sharon N. Brown, director of Business Development, The Richard S. Ziman Center for Real Estate, at 310-825-8241.

About UCLA Anderson School of Management

UCLA Anderson School of Management is perennially ranked among the top-tier business schools in the world. Award-winning faculty renowned for their research and teaching, highly selective admissions, successful alumni and world-class facilities combine to provide an extraordinary learning environment. Established in 1935, UCLA Anderson provides management education to more than 1,400 students enrolled in full-time, part-time and executive MBA programs and doctoral programs.

UCLA Anderson's faculty includes outstanding educators and researchers who share their scholarship and expertise in such fundamental areas as finance, marketing, accounting, business economics, decision sciences, operations and technology management, human resources and organizational behavior, information systems, strategy and policy.

Recognizing that the school offers unparalleled expertise in management education, the world's business community turns to UCLA Anderson School of Management as a center of influence for the ideas, innovations, strategies and talent that will shape the future.

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