2008-10-15 Westlake Realty Group and Starboard TCN Form StarWest- Leasing and Property Management Resource

Westlake Realty Group and Starboard TCN form StarWest

Bay Area Accredited Management Organization and San Francisco Commercial Real Estate Innovator Team to Offer Comprehensive Sales, Leasing, and Property Management

San Mateo, Calif. – October 15, 2008 – Westlake Realty Group, Inc., an Accredited Management Organization® and Starboard TCN, San Francisco's largest independently owned commercial real estate firm, have joined forces to form StarWest. The new company offers a wide range of real estate–related services including sales, marketing, leasing, and commercial property management to owners of office, retail, industrial, and multifamily properties throughout the San Francisco Bay Area and several Western states. In addition, Starboard TCN has engaged the services of New York affiliate MHP TCN to pursue business opportunities with East Coast–based owners of West Coast properties on behalf of StarWest.

“StarWest will offer a full menu of the services benefiting real estate owners, bolstered by the innovation both our companies are known for,” said Hans Hansson, managing principal of Starboard TCN. “Starboard will mobilize its skills in marketing and leasing properties to high-quality tenants in addition to benefiting owners' assets by leveraging the strong technological advantage and superior management abilities Westlake offers.”

“This is a great partnership,” said Robert Klag, CEO of Westlake Realty Group. “As an IREM Accredited Management Organization of the Year, Westlake brings advanced technology and superior management skills to the properties Starboard TCN sells and leases. This alliance will not only grow our two businesses but also benefit property owners who have been looking to maintain top occupancy rates and preserve the value of their real estate.”

For more information, visit http://www.starwestrealty.com.

About Starboard TCN

Established in 1991, Starboard TCN Worldwide Commercial Real Estate is a major force in the San Francisco Bay Area. With a combined total of 55 years representing landlords and tenants, members of the firm employ the highest professional and ethical standards in serving clients. Starboard combines innovative market techniques with hard work and creativity to meet its clients' commercial property goals. In 2000, Starboard joined TCN Worldwide Real Estate Services, a national affiliation of independent real estate firms located in more than 200 markets across North America, South America, Europe, and Asia. Hans Hansson, managing principal, is currently on the TCN Worldwide board of directors and previously served as regional vice president. For more information, visit www.starboardnet.com.

About Westlake Realty Group

Founded in 1972 and headquartered in San Mateo, California, Westlake Realty Group brings over 35 years of experience to managing a current inventory of 2.5 million square feet of office, retail, industrial, and mixed-use properties; multifamily residential units; and shopping centers in Arizona, California, Nevada, New Mexico, Oregon, and Washington. Westlake's success is based on its ability to offer genuine value to both property owners and tenants. The company combines expert property stewardship with stewardship of the earth, running an innovative "green" paperless operation since 2004 that reduces operating costs and increases ROI by utilizing the most advanced information technology and communications infrastructure in real estate. As a recipient of the coveted AMO® designation, Westlake is one of only 540 firms nationwide recognized by the Institute of Real Estate Management® for upholding the highest professional standards in property management. In 2007 Westlake was chosen AMO® of the Year by the San Francisco chapter of IREM®. For more information, visit www.westlake-realty.com.