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FOR IMMEDIA TE RE LEASE Media Contact: Nadene Bristow/Elsa Schelin (310) 258-9711 MADISON PARTNERS ARRANGES LAND PURCHASE ON BEHALF OF THE HILTON FOUNDATION Worldwide Humanitarian Organization Will Build New Headquarters in Agoura Hills Agoura Hill s, CA – April 30, 2006 – Madison Partners has successfully arranged the acquisition of a 33- acre land parcel in Agoura Hills, California on behalf of the Conrad N. Hilton Foundation. The land will be used to build a new, state-of-the-art 35,000-square-foot headquarters for the charitable organization. The Hilton Foundation will relocate its headquarters from 10100 Santa Monica Boulevard in Century City, upon completion of the new facility, to be located at 30500 Agoura Road. Madison Part ners principal Chris Houge represented the Hilton Foundation in the $3.5 million land purchase. Mr. Houge was assisted by associate John Mudgett. The sellers, the Tohl Family Trust, were represented by David Lachoff of Grubb & Ellis. “The vision behind this acquisition was to acquire a site with ample open space to enhance quality of life for the Foundation’s work force. This site will allow for the design and development of a state of the art building that will serve them for decades. The huge acreage along with statel y Oak trees creat es a site that was unattainable in the West Los Angeles/Santa Monica markets,” said Mr. Houge. Based in Reno, Nevada and Los Angeles, the Hilton Foundation was created in 1944 by the late hotel entrepreneur and business leader, Conrad N. Hilton, who left his fortune to the foundation with instructions to help the most disadvantaged and vulnerable throughout the world without regard to religion, ethnicity or geography. Along wit h its related entities, the foundation has total assets of approximately $2.7 billion and has provided more than $500 million for charitable projects throughout the United States and the world. The foundation is an independent nonprofit organization and is not part of the Hilton Hotels Corporation. ### About Madison Partners Celebrating more than 10 years in business, Madison Partners is a leading, privately held full -service commercial real estate b rokerage firm based in Los Angeles. Comprised of top-performing professionals from the fields of investment sales, landlord and tenant representation, corporate services and advisory services, Madison Partners has pioneered a principal-to-principal service delivery platform that provides superior results for every transaction and client. Since its inception in 1996, Madison Partners’ principals have consummated more than 100 million square feet of office space valued at more than $20 billion. Madison Partners’ principals have a combined client list that includes Fortune 500 companies, major law and accounting firms, entertainment companies, government agencies, insurance companies, REITs, leading institutional owners and pension funds.