PM Realty Group
910 Travis, Suite 1000
Houston, Texas 77002

AT PM REALTY GROUP:
Jim Proehl
SVP/Director
Western Division
(949) 794-1716

AT WEBER SHANDWICK:
Mary Clare Rankin
Media Contact
312-640-6661

Craig Bloomfield
General Information
312-640-6720

FOR IMMEDIATE RELEASE
Mar 6, 2002

PM REALTY GROUP SELECTED AS PROPERTY MANAGER OF TOP SAN DIEGO OFFICE/RETAIL PROPERTY HAZARD CENTER

SAN DIEGO - PM Realty Group today announced that it has been awarded the exclusive property management assignment for Hazard Center, a 389,000-square-foot office and retail center in suburban San Diego, by WCB Properties, agent for Hazard Center Investors, LLC.

Hazard Center is one of the best-known and most highly regarded mixed-use projects in San Diego's Mission Valley area. Built in 1990, the 15-story office building encompasses 263,000 square feet of office space with an adjacent 126,500 square feet of retail space. Major office tenants include American International Group and Aetna Life Insurance, and the retail tenants include Mann Theaters and Barnes & Noble.

PM Realty Group's property management team at Hazard Center, including Vice President Terry Thompson, Regional Manager H. Peter Tietz and General Manager Lisa Gualco, work under the direction of Jim Proehl, Senior Vice President & Director of the firm's Western Division. The team works closely with leasing teams at CB Richard Ellis for office leasing and John Burnham Real Estate Services for retail leasing.

“Hazard Center is widely recognized as one of the highest quality properties in suburban San Diego, and by selecting PM Realty Group as exclusive property manager, WCB Properties has ensured that office and retail tenants will receive the highest quality service possible,” Proehl said. “Based on our strong performance at other WCB Properties buildings, we were selected to provide pride of ownership while helping to achieve an excellent investment return and increase long-term value.”

About PM Realty Group

PM Realty Group is a privately-held real estate service organization with more than 1,300 employees and 20 divisional and regional offices. Based in Houston, Texas, the company traces its roots back to 1954. PM Realty Group today conducts business in nearly every state, providing comprehensive real estate services to institutions, investors, corporations, real estate investment trusts, government agencies and healthcare providers.

PM Realty Group offers clients the full spectrum of real estate services, including property and facility management, leasing and marketing, corporate services, investment services, construction management, asset management and development, engineering services, portfolio administration, disposition and acquisition, consulting and due diligence and healthcare services.

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