Gateway at Torrey Hills

BRE Commercial Facilitates Lease At Gateway at Torrey Hills
San Diego(Dec. 10, 2007)

BRE Commercial, one of the leading providers of integrated real estate services, today announced that Bell, Boyd & Lloyd LLP has signed a 16,070-square-foot lease at Gateway at Torrey Hills located at 3580 Carmel Mountain Road, 92130. The value of the 84-month lease was undisclosed. Gateway at Torrey Hills, developed by Cisterra Partners, LLC, is a two-building,
four-story Class A office project. The 200,000-square-foot project is located in the premier Del Mar/Torrey Hills submarket near Interstate 5 and State Route 56 with views of the Pacific Ocean. The project is scheduled to be completed this month. Bell, Boyd & Lloyd will be the first tenant to move into Gateway at Torrey Hills in January 2008. Mintz, Levin, Cohn, Ferris, Glovsky and Popeo also just signed a lease for nearly two floors of the project totaling 39,927 square feet. Mintz Levin is scheduled to move into
Gateway in April 2008.

Joe Anderson, Rick Reeder and Dave Odmark of BRE Commercial represented Cisterra Partners. Mike Labelle and Andrew Kelly of Studley represented Bell, Boyd & Lloyd LLP.

Cisterra Partners began construction on Gateway at Torrey Hills in July 2006. The buildings were designed with efficient
25,000-square-foot floor plates, state-of-the-art technology infrastructure, and are situated to maximize the project’s panoramic views. When complete, the project will feature a 4/1,000 parking ratio with approximately 70 percent covered parking, a lushly landscaped environment with multiple patio and gathering areas, and a fully equipped fitness center.

BRE Commercial

BRE Commercial is one of Southern California’s leading privately-held commercial real estate brokerage firms. Based in San Diego and a leader in market coverage, BRE Commercial represents approximately 30 million square feet of industrial, office and retail properties throughout the region. With corporate office locations in Carlsbad, UTC, downtown San Diego, Otay Mesa and El Cajon, the BRE Commercial team consists of approximately 190 commercial real estate professionals and personnel. The company maintains extensive expertise in all phases of commercial real estate transactions including leasing, investment sales, property management, market research analysis and financial analysis. For more information about
BRE Commercial, please visit www.brecommercial.com.

About Grubb & Ellis

Grubb & Ellis Company (NYSE: GBE) is one of the largest and most respected commercial real estate services companies. With more than 130 owned and affiliate offices worldwide, Grubb & Ellis offers property owners, corporate occupants and investors comprehensive integrated real estate solutions, including transaction, management, consulting and investment advisory services supported by proprietary market research and extensive local market expertise.Grubb & Ellis and its subsidiaries are leading sponsors of real estate investment programs that provide individuals and institutions the opportunity to invest in a broad range of real estate investment vehicles, including tax-deferred 1031 tenant-in-common (TIC) exchanges, public non-traded real estate investment trusts (REITs) and real estate investment funds. As of September 30, 2007, nearly $3 billion in investor equity has been raised for these investment programs. The company and its subsidiaries currently manage a growing portfolio of more than 214 million square feet of real estate. In 2007, Grubb & Ellis was selected from among 15,000 vendors as Microsoft Corporation's Vendor of the Year. For more information regarding Grubb & Ellis Company, please visit www.grubb-ellis.com.

Mintz Levin moving offices to Torrey Hills
Tuesday, November 27, 2007

Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C., will be moving its legal offices to Gateway at Torrey Hills, firm officials recently announced. The firm just signed an 11-year lease for 39,927 square feet of office space and is expected to move into the building in April 2008. Mintz Levin will be the anchor tenant in one of the complex’s two four-story buildings. The new space is
being designed by Howard-Sneed Architecture and Design and is being built by TSA Contracting Inc., both based in
San Diego. It will accommodate up to 60 lawyers when completed. Mintz Levin’s San Diego office currently has 23 attorneys.

“Our aggressive growth plans required a space that would allow for immediate expansion and still have room for future growth,”
said Craig Hunsaker, managing member of the firm’s San Diego office. “In addition, we wanted the ability to create an environment that was both state of the art and welcoming to clients, visitor and our employees. Gateway at Torrey Hills gives us all that and
more. We look forward to being at Gateway at Torrey Hills for many years to come.”

Mintz Levin has tripled its San Diego office since opening it with less than 10 attorneys in June 2006. Hunsaker said the firm is talking with dozens of local attorneys, “several of whom we hope to add after the first of the year,” he added. Cisterra Partners
is the developer of the Gateway at Torrey Hills. Brokers are Studley Inc. and BRE Commercial.

“We are extremely pleased that Mintz Levin has chosen Gateway at Torrey Hills as their San Diego headquarters,” said Cisterra’s Jason Wood, senior vice president of finance and leasing. “Having such a renowned law firm in Gateway at Torrey Hills is an exciting milestone in the project’s long-term success.” Gateway at Torrey Hills, which will be completed in December, is built on one of the last commercial spaces with ocean views in the Torrey Hills/Carmel Valley area. The project sits on 7.7 acres at the northwest corner of Carmel Mountain Road and Interstate 5 and includes 200,000 square feet of office space in two Class A four-story buildings and a separate parking garage. Mintz Levin is currently leasing two floors of office space in the University Town Center area of San Diego.

Rentv.com
November 29, 2006
Construction Tops Out at New Del Mar Heights Office Project
Article Date: 11/29/06

Full Story:
Construction has topped out at Gateway at Torrey Hills, a two-building, 200k sf office project being developed by Cisterra
Partners north of San Diego in the Del Mar Heights area. The project is scheduled to open in the fall of 2007.

“We have an aggressive construction schedule and we’re happy to say that we are right on target,” states Jim Edwards, Senior
Vice President of Development for Cisterra. With demand for office space in the Del Mar Heights area so high, we are committed
to being the only new office space in the area to be completed in ’07.”

Gateway at Torrey Hills offers one-of-a-kind views of the Pacific Ocean and the Torrey Pines State Reserve as well as close
freeway access and visibility. Located at the northwest corner of Carmel Mountain Rd and I-5, the project offers significant
signage opportunities -- more than 260,000 vehicles will pass the project each day and that number is projected to double
in less than 10 years.

The unique architecture of the project features a terraced-back concept of natural stone tile, green glass, and metallic aluminum elements which arch along the façade and blend into the surrounding hillsides and open space. Gateway at Torrey Hill will also
have a separate parking structure where the majority of the parking will be covered. A fully equipped fitness center is being
built in the project as well as multiple patio and gathering areas and an extensive landscaped plaza with a water feature
between the two buildings.

Cisterra’s other San Diego project - DiamondView Tower adjacent to Petco Park in downtown San Diego - will open in early
2007. The international developer has also completed projects in the UTC area of San Diego, Boston, Ottawa and Amsterdam.

BPA Architecture Planning Interiors is the architect for Gateway at Torrey Hills. Reno Contracting Inc is the general contractor. BRE Commercial is the leasing agent.

San Diego Business Journal
November 27, 2006

Cisterra Partners in San Diego has topped out the $83 million Gateway at Torrey Hills

Cisterra Partners in San Diego recently topped out the company’s newest project — the $83 million Gateway at Torrey Hills
at the northwest corner of Carmel Mountain Road and Interstate 5. The two-building, 200,000-square-foot Class A office
project is scheduled to open in the fall of 2007. BRE Commercial is the leasing agent.

Carmel Valley News
November 2006

Gateway at Torrey Hills tops out, project in Del Mar Heights opens in 2007
Cisterra Partners has announced the topping out of the company’s newest development project — Gateway at Torrey Hills.
The final steel beam has been placed on the second building of the two-building, 200,000 square foot project that is scheduled
to open in the fall of 2007. “We have an aggressive construction schedule and we’re happy to say that we are right on target,”
states Jim Edwards, senior vice president of development for Cisterra. “With demand for office space in the Del Mar Heights
area so high, we are committed to being the only new office space in the area to be completed in ’07.” Gateway at Torrey Hills
offers one-of-a-kind views of the Pacific Ocean and the Torrey Pines State Reserve as well as close freeway access and visibility. Located at the northwest corner of Carmel Mountain Road and Interstate 5, the project offers significant signage opportunities;
more than 260,000 vehicles will pass the project each day and that number is projected to double in less than 10 years.
The unique architecture of the project features a terraced-back concept of natural stone tile, green glass, and metallic aluminum elements which arch along the façade and blend into the surrounding hillsides and open space. Gateway at Torrey Hill will also
have a separate parking structure where the majority of the parking will be covered. A fully equipped fitness center is being
built in the project as well as multiple patio and gathering areas and an extensive landscaped plaza with a water feature
between the two buildings. “Our vision is to have Gateway at Torrey Hills set a new standard of excellence for buildings
in the Del Mar Heights/Carmel Valley area,” says Edwards. Cisterra’s other San Diego project — DiamondView Tower adjacent
to Petco Park in downtown San Diego — will open in early 2007. The international developer has also completed projects in
the UTC area of San Diego, Boston, Ottawa and Amsterdam. BPA Architecture Planning Interiors is the architect for
Gateway at Torrey Hills. Reno Contracting Inc. is the general contractor. BRE Commercial is the leasing agent.

San Diego Daily Transcript
Friday, November 17, 2006

Topping out of Gateway at Torrey Hills office complex Construction topped out at the two-building, 200,000-square-foot
Gateway at Torrey Hills Class A office project by Cisterra Partners LLC, at 3570 and 3580 Carmel Mountain Road
in the Del Mar Heights/Torrey Hills. The four-story buildings and a separate parking structure occupy a 7.7-acre parcel.
The complex was designed by Brian Paul Architects and Reno Contracting is the general contractor. Theexterior design
features a terraced-back concept of natural stone tile, green glass and metallic aluminumelements, which arch
along the façade and blend into the surrounding hillsides and open space. Features and amenities include
a fitness center, locker rooms, multiple outdoor patios and gathering areas.

Leasing is being handled by David Odmark, Rick Reeder and Joe Anderson of BRE Commercial.

Daily Business Report
November 15, 2006

Cisterra Partners has topped out of the company's newest development -- Gateway at Torrey Hills. The final steel beam has
been placed on the second building of the two-building, 200,000-square-foot project that is scheduled to open in the fall of 2007. "With demand for office space in the Del Mar Heights area so high, we are committed to being the only new office space in the area
to be completed in '07," says Jim Edwards, senior v.p. of development for Cisterra. The architecture of the project features a
terraced-back concept of natural stone tile, green glass and metallic aluminum elements which arch along the façade and blend
into the surrounding hillsides and open space. Gateway at Torrey Hill also will have a separate parking structure where the
majority of the parking will be covered. A fitness center is being built in the project as well as multiple patio and gathering
areas and a landscaped plaza wit h a water feature between the two buildings.

Cisterra's other San Diego project -- DiamondView Tower adjacent to Petco Park in Downtown, will open in early 2007. developer also has completed projects in the UTC area of San Diego, Boston, Ottawa and Amsterdam. BPA Architecture Planning Interiors is the architect for Gateway at Torrey Hills. Reno Contracting Inc. is the general contractor.
BRE Commercial is the leasing agent.