PM Realty Group
1000 Main St, Suite 2400
Houston, Texas 77002

MEDIA CONTACT:
Megan Morales
Amies Communications
(949) 863-1910, ext. 23 megan@amies.com

FOR IMMEDIATE RELEASE
Feb 26 2008

PM REALTY GROUP ANNOUNCES EXPANSION OF DEVELOPMENT AND ACQUISITIONS SERVICES TO ITS WESTERN DIVISION


 Industry veteran Chris Stirling will lead development and acquisitions team in evaluating investment opportunities across multiple product types

HOUSTON, TX - PM Realty Group (PMRG), a nationwide full-service commercial real estate firm, today announced the expansion of its development and acquisitions services, naming Chris Stirling as senior vice president of development and acquisitions for its Western Division. In his new role, Stirling will seek out development opportunities and acquisitions for multiple product types, including office, medical office, mixed-use, industrial and multifamily, on the West Coast.

PMRG has been active for many years with its development and acquisitions services in the Southwest and is now expanding into major West Coast markets with existing clients. During the past decade, PMRG’s development team has been responsible for the development and construction management of assets valued in excess of $2 billion. Currently, PMRG and partners have more than $600 million in development projects under way.

“Chris will be an important part of PMRG’s West Coast expansion, bringing an exceptional background in development and acquisitions to PMRG, with nearly 30 years of experience in identifying investment opportunities, managing development initiatives, negotiating capital commitments and securing entitlements,” said Jim Proehl, executive vice president and managing director of PMRG’s Western division.

Prior to joining PMRG, Stirling was founding partner of Stirling Real Estate Group in Pasadena, Calif., which he established to acquire and develop properties for institutional clients looking for enhanced investment returns in Southern California. Previously, he served as executive vice president for IDS Real Estate Group in Los Angeles, where he was responsible for acquisitions, asset management and equity commitments for institutional capital partners, and was a member of the IDS Investment Committee. Additionally, Stirling spent nearly 10 years with Kennedy Associates Real Estate Counsel Inc. in Pasadena, Calif., serving as senior vice president in charge of acquiring and overseeing $1.3 billion of commercial real estate in California.

Stirling is a member of Urban Land Institute (ULI) and Building Owners and Managers’ Association (BOMA) of Greater Los Angeles. Stirling earned a master’s degree in business administration from the University of Southern California and a bachelor’s degree in international relations from the University of Redlands. He holds a California real estate license and is a Real Property Administrator (RPA).

About PM Realty Group

Headquartered in Houston, PM Realty Group (PMRG) is a privately held real estate firm of more than 1,300 employees and 25 divisional and regional offices that conducts business in every major state.

With more than 50 years of experience, PMRG provides services to a portfolio valued in excess of $25 billion. The firm’s diversified client base includes institutional and private investors, real estate investment trusts, government agencies, corporations and healthcare service providers.

PMRG focuses on creating value for its clients and offers a full spectrum of real estate services, including property and facility management, leasing, marketing, investment sales, construction management and engineering. In addition, PMRG partners with clients in comprehensive development and joint venture investment programs. For additional information, visit www.pmrg.com.

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