Press Release
For Immediate Release
October, 2007

Commercial Developer Purchases Prime Acerage in Calabasas

Calabasas, Calif., October, 2007 - The Koll Company, a Newport Beach headquartered full-service real estate operating company, recently purchased the last undeveloped parcel of land in the East Calabasas submarket. The company paid over $12 million for 4.97 acres located at 24141 Ventura Boulevard.

The Koll Company plans to construct 85,000 sq. ft. of Class A office condominiums at the highly visible location off the 101 freeway which will offer business owners the unique opportunity to purchase their own office space in a very tight Conejo Valley office marketplace. The company also owns an adjacent development, the 115,000 sq. ft. Calabasas Courtyard, and saw the land purchase as a chance to develop synergy between the two projects.

The seller, a joint venture comprised of Troxler Value Fund and D2 Development, partnered in the sale. The Troxler Group of Companies, a California based firm specializing in providing equity for the acquisition of commercial, industrial and development projects, has invested in projects with a combined market value in excess of $7 billion. D2 Development, headquartered in Calabasas, develops office, mini storage, residential and retail projects primarily in Los Angeles and Ventura Counties. The two companies have recently partnered on several other successful projects in Southern California.

CB Richard Ellis office brokers Tom Dwyer, Michael Slater, Madeline Schwartz and Mark Perry represented both the seller and buyer in the land sale. For more information, visit our Web site at www.troxler.com.