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:
Laurel Krome
Media Contact
312-988-2044

Craig Bloomfield
General Information
312-640-6720

FOR IMMEDIATE RELEASE
Apr 30, 2003

PRUDENTIAL AWARDS PM REALTY GROUP PROPERTY MANAGEMENT AND CONSTRUCTION MANAGEMENT OF 2600-2800 COLORADO AVENUE BUILDING IN SANTA MONICA

300,000-Square-Foot Assignment Continues String of Successes in Southern California

Santa Monica, CA - PM Realty Group, one of the nation’s leading full-service commercial real estate firms, announced today it has been awarded an exclusive property and construction management assignment for the 2600-2800 Colorado Avenue building. Also known as the MTV Building, 2600-2800 Colorado Avenue is a Class A office building located on the “entertainment strip” in Santa Monica, California. The assignment was awarded by Prudential Real Estate Investors.

2600-2800 Colorado Avenue is a five-story, 300,000-square-foot office building located on the corner of 26th and Colorado, a busy and well-known Santa Monica intersection, close to several upscale restaurants and shopping amenities. It is conveniently located near Route 10 West, the Santa Monica Freeway, and Highway 405 leading to Los Angeles International Airport. MTV Corporation occupies the entire building.

“An outstanding property like this demands a high-quality level of property services, and our history with Prudential has been to deliver service at that level,” said Jim Proehl, Senior Vice President and Director of the Western Division of PM Realty Group. “We are extremely pleased to have been selected by Prudential Real Estate Investors to add value to this premium property.”

Terry Thompson, Vice President Southern California, oversees all account management duties for the building, under Proehl’s direction. John Rowen, Vice President of Engineering & Construction, oversees all engineering operations at the property.

The assignment is one of several new assignment gained by PM Realty Group's offices in Southern California in recent weeks, Proehl noted. The nationwide firm maintains offices in Los Angeles and San Diego in addition to its Western Division headquarters and operational office in Newport Beach.

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.

Back to 2003 News