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/ CORRECTION - NSB-Gehry Partners

In the news release, "Architect Frank Gehry to Move Studio to El Segundo," issued Monday, November 3, 2008 by NSB-Gehry Partners, we are advised by the company of corrections to the third and fifth paragraphs. The corrected third paragraph removes a reference to Chiat-Day. The fifth paragraph states that "Harvey Beesen and Luke Staubitz of The Klabin Company represented the buyers," rather than "Timothy C. Macker, President of Coldwell Banker Commercial Westmac, represented the buyers," as originally issued. Other minor changes, for brevity, have also been made to the release. Complete corrected text follows.

Architect Frank Gehry to Move Studio to El Segundo

World-Renowned Architect's Team to Occupy 75,000 Square Feet

EL SEGUNDO, CA -(November 03, 2008) - Frank Gehry and the 160 professionals of the world-renowned architectural firm Gehry Partners, LLP will relocate to this coastal California community in early 2009, occupying 75,000 square feet in a campus being developed by NSB Associates Inc., announced Lawrence N. Field, Chairman and CEO of NSB.

Gehry Partners is currently developing the master plan for the campus, said Mr. Field, and will add 15,000 square feet of space to the 60,000 square feet of existing structures. Occupancy is expected in the first or second quarter of 2009. The property is located between Utah Avenue and Alaska Avenue, near Aviation Boulevard.

Because of continuing growth in demand for its services, Gehry Partners has outgrown its 44,000 square foot studio space on Beatrice Street in West Los Angeles, which was also developed in partnership with NSB Associates.

The El Segundo property that will be the new home of Gehry Partners includes a total of 154,000 square feet of land, providing ample parking and potential for future expansion, said Mr. Field. The warehouse-style structures were built in the 1960s, and have 20-foot ceilings.

Harvey Beesen and Luke Staubitz of The Klabin Company represented the buyers in the acquisition of the property, working with Kevin Mansfield, NSB's Vice President for Acquisitions.

Mr. Field noted that El Segundo, once known as a center of aviation and aerospace manufacturing, has emerged in recent years as a highly desirable location for creative, technology and new media companies.

A coastal community situated just south of Los Angeles International Airport, El Segundo has a population of 16,000 in its five square miles. In addition to several of the world's largest defense firms and the Los Angeles Air Force Base and, the city is home to more than a dozen Fortune 500 companies in industries ranging from information technology to entertainment.

Information and photos are at www.GehryCampus.com