Press Release
For Immediate Release
January, 2005

Extensive Retail Component Added To Project

Calabasas, Calif., January, 2005 - Troxler, a California based firm specializing in providing joint venture equity for commercial, industrial, hospitality, residential, land entitlement and development projects, announces that the recent landmark transaction involving the 8.3 acre parcel known as Chalk Hill in Woodland Hills, California, will now include an extensive retail component to the historical site.

Retail operations will be constructed along the street level frontage and will include a restaurant, cleaners and other stores on a bluff offering spectacular views across the entire Valley. There are existing commercial, office, retail, restaurant and residential projects surrounding the project which is located on a main artery of commerce and entertainment. Approximately 340 residential units are also planned along the upward slope behind the retail component.

Troxler, a division of The Troxler Group of Companies, is an innovator in the industry having successfully created a unique branded platform of operating in specific opportunistic segments of the real estate market throughout the Western United States. We have invested in projects with terminal values in excess of $7 billion and continue to demonstrate our ability to partner with our clients across cycles and to deliver consistent returns.

Troxler serves the financial needs of corporations, institutional clients and high-net-worth individuals. Since our beginning in 1990, we have maintained leadership positions in equity in investment banking, private equity and wealth and asset management services. For more information, visit our Web site at www.troxler.com.