For Arden Realty: JMBM Closes 5.9 Million-Square-Foot Real Estate Purchase

LOS ANGELES – August 15, 2007 – Jeffer, Mangels, Butler & Marmaro LLP (JMBM), one of California’s foremost full-service law firms, today announced that it closed a 5.9 million-square-foot real estate transaction for its client, Arden Realty Limited Partnership, from affiliates of Blackstone Real Estate Acquisitions V LLC. The portfolio of office buildings in the purchase spans six West Coast markets, including San Francisco, Orange County, San Diego, Seattle, Portland and Salt Lake City, and represents Arden’s largest acquisition to date.

Comprised of more than 20 lawyers, JMBM’s Real Estate Group is seasoned in all aspects of real estate acquisition, disposition, leasing, financing, development, construction, joint venture structuring, land use and related areas. The Firm’s veteran real estate attorneys have the experience necessary to identify potential problem areas and to help clients structure and negotiate intricate business transactions ranging from the ordinary to the most complex.

"The magnitude of this deal required an experienced legal team that we could trust to ultimately close a multi-facetted transaction," said David Swartz, Arden Realty’s Senior Vice President and General Counsel. "Having represented Arden for the past 15 years, we were confident that JMBM possessed the legal prowess necessary to make this significant acquisition a reality."