FOR IMMEDIATE RELEASE

April 23, 2010

Media Contact: Eleanor Moriarty, Hackman Capital, LLC 310-473-8900, ext 115, emoriarty@hackmancapital.com

Hackman Capital Expands in Vibrant, Culver City Multi-Media Hub

Affiliate of Privately-Held Real Estate Firm Acquires Three Buildings—Office, Recording and Production Studios—Occupied by Westwood One

LOS ANGELES, CA (April 23) – Hackman Capital, a privately-held industrial and commercial real estate firm, announced recently that it expanded its West Coast portfolio with its affiliate's recent acquisition of three commercial buildings in Culver City, California. The buildings, totaling 32,428 square feet, were sold and leased back by Westood One (NYSE: WON), the country's largest independent provider of network radio programming and traffic information. The media company serves more than 5,000 radio and TV stations in the United States, and supplies more than 150 news, sports, music, talk and entertainment programs, features and live events to numerous media partners.

Based in Los Angeles, Hackman Capital has been investing in industrial and commercial real estate since 1986. Although the company has a large national presence, with an existing portfolio including more than 56 buildings and 16 million square feet in markets across the country, the company is currently focusing its investment strategy on the West Coast.

"We're committed to Southern California and to Culver City," said Michael Hackman, Founder and CEO of Hackman Capital. "Culver City is a vibrant community, and one of the west side's most progressive and rapidly growing areas—it's also a destination for creative businesses. We already have a footprint, here, and we'd like to expand it."

The three recently acquired Culver City buildings include office, recording and production studios occupied by Westwood One. The buildings are located in the Hayden-Higuera district at 8960 Washington Boulevard (9,668 square feet), 8966 Washington Boulevard (14,780 square feet) and 8944 Lindblade Street (7,980 square feet).

Kevin Shannon, a Vice Chairman for CB Richard Ellis represented Westwood One in the transaction.

More about Hackman Capital

Hackman Capital is a privately-held real estate investment firm specializing in the acquisition, management, and redevelopment of industrial and commercial real estate. Founded in 1986, Hackman Capital has acquired or developed more than a billion dollars of property on behalf of the company, various investment funds and institutional clients. Hackman Capital currently manages for its affiliates a portfolio of more than 16 million square feet, including 56 buildings and 750 acres of developable land. The company is headquartered in Los Angeles, California.

For more information about the company visit www.hackmancapital.com

For information or interviews related to this release, contact:

Eleanor Moriarty, Hackman Capital

310-473-8900, ext 115, emoriarty@hackmancapital.com

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