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

AT PM REALTY GROUP:
Rick Kirk
President
Houston
713-209-5861

AT WEBER SHANDWICK:
Laurel Krome
Media Contact
312-988-2044

Craig Bloomfield
General Information
312-640-6720

FOR IMMEDIATE RELEASE
May 15, 2003

AMSTAR GROUP SELLS 336,000-SQ.-FT. 110 PLAZA IN SAN DIEGO TO BCL COMMERCIAL REAL ESTATE

PM Realty Group's John Murray Represents Both
Buyer and Seller in Transaction

San Diego, CA - PM Realty Group, one of the nation’s leading full-service commercial real estate firms, today announced that AmStar Group has sold 110 Plaza, a Class A office building in San Diego, to BCL Commercial Real Estate for an undisclosed amount.

John Murray, Vice President of Investment Services at PM Realty Group, represented both the buyer and seller in the transaction, which came about through an unsolicited offer by BCL Commercial Real Estate. Murray, a 20-year veteran of the commercial property investment market, was assisted in the sale by PM Realty Group's Investment Services team.

Located at 110 West A St. in downtown San Diego, 110 Plaza is a 16-story office building built in 1982 The Class A building totals 320,000 square feet plus an adjacent two-story pavilion, which was also included in the sale transaction.

“In completing a sale that is unsolicited by one party, the challenge is to make sure both parties are equally satisfied," Murray said. "Our relationships with both buyer and seller, and our reputation creating win-win solutions, allowed us to close this sale on terms that were mutually beneficial to both parties.”

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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