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Media Advisory

January 22, 2003

The USC Lusk Center for Real Estate presents an economic and fiscal outlook for the national and Orange County real estate markets next Wednesday, January 29, 2003 in Newport Beach. Speakers will address how the smart money is pricing real estate, where the capital is flowing in tough times, which property sectors hold the best potential and what can be done now to prepare for the real estate recovery in 2004.

Reporters are welcome to join us early to interview some of the noted speakers including:

· Stan Ross, Chairman of the Board, USC Lusk Center for Real Estate
· Stuart A Gabriel, Ph.D., Director, USC Lusk Center for Real Estate
· William R. Halford, Vice President of Office Properties, Irvine Company
· Robert Best, President, Westar Associates
· Stephen Duffy, Partner, Ernst and Young

Date: Wednesday, January 29, 2003
Reception: 4:30 p.m. for hors d’oeuvres and cocktails
Program: 5:30 p.m. for the briefing
Location: The Pacific Club, 4110 MacArthur Boulevard, Newport Beach, CA

News media will receive complimentary registration by calling directly to the USC Reservation Center at 213-740-1744. The public is welcome to attend. Individual tickets are $40 per person.

To arrange for interviews with the speakers, please call Francie Murphy at 858-350-5152 or e-mail francie@fmassociates.com.