News Release

EJM Development Wins Fourth Consecutive TOBY Award

October 29, 2008 (Las Vegas) - EJM Development Co. today announced the firm won its fourth consecutive 'The Outstanding Building of the Year' (TOBY) Award in the Industrial Office Park category from the Building Owners and Managers Association (BOMA) of Nevada. The association honored Arroyo North Business Center - Phase I in Southwest Las Vegas for EJM and its property manager Christina DiBella’s hard work and dedication in the development’s management and operations.

The award was announced at BOMA Nevada’s TOBY Awards ceremony on October 28, 2008 at the Four Seasons. TOBY Awards are presented to property managers that demonstrate expertise in building management and operations. By winning on the local (state) level, EJM Development is eligible to move on to the regional competition, which will be announced in March 2009, and the subsequent international competition.  Last year, EJM won a regional TOBY award for its Craig and Lamb Distribution Center.

Phase I of The Arroyo North is situated on the north side of the I-215 Beltway, between Rainbow Boulevard and Buffalo Drive, and comprises three buildings. Each building features upgraded exterior components, such as second floor windows and unique architectural features.

The Building Owners and Managers Association International is an international federation of more than 90 local associations and affiliated organizations. BOMA’s 16,500-plus members own or manage more than 9 billion square feet of commercial properties in North America and throughout the world.

The mission of BOMA is to enhance the human, intellectual and physical assets of the commercial real estate industry through advocacy, education, research, standards and information.  To learn more, visit www.boma.org.

A leading Las Vegas developer, EJM Development is involved in all aspects of real estate, including land acquisition, subdivision, zoning, planning, development, marketing and management.  The privately owned company is headquartered in Los Angeles with satellite offices in Nevada and Arizona. Properties are available in California, Nevada, Arizona, New Mexico and Utah. The Nevada office, located at 3550 E. Post Road, Suite 200 in Las Vegas, can be reached at (702) 597-1852 or through its Website at www.ejmdevelopment.com.

EJM currently has more than 5.4 million square-feet of space developed in Las Vegas.  EJM Development properties include, but are not limited to The Arroyo, Arrowhead Commerce Center, Spencer Helm Business Center, Century Park at Russell Road and I-15, and Warm Springs Business Center Phase I and II.

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