50-Acre Albuquerque Studios Project Breaks Ground

$74 million, 500,000-s.f. development brings major movie and TV studios to Albuquerque


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About Pacifica Ventures

Pacifica Ventures purchased the historic Culver Studios in 2004 from Sony Pictures Entertainment in a transaction that was valued at over $125 million. The Culver Studios core clientele is comprised of major studios and independent producers; features films and television shows; commercials; music videos and tour rehearsals for major music acts. Television shows currently in production include NBC/Universal's hit Las Vegas, game-show sensation Deal or No Deal and Sony's highly anticipated new talk show, The Greg Behrendt Show. Recent feature films shot at the studio include Bewitched, Yours Mine & Ours, the forthcoming Christopher Guest spoof For Your Consideration and the long awaited sequel Rush Hour III. The cutting edge 3-D motion- capture films The Polar Express and Monster House were also "filmed" at the Studio. Historically the studio was the site for such beloved and memorable films as Gone With the Wind, Citizen Kane, E.T., Raging Bull and It's a Wonderful Life and home to such classic television series as The Andy Griffith Show, Batman and Mad About You.

About Commonwealth Realty Advisors

Commonwealth Realty Advisors, Inc. is a provider of real estate investment advisory services to tax-exempt, institutional investors through separate accounts and closed-end funds including the Workers Realty Trust programs. With over $2.2 billion in assets under management, Commonwealth has provided fiduciary investment management services for the pension fund community for over 15 years. The firm's nationwide portfolios include retail, office, industrial, and multi-family with services including acquisition, disposition, due diligence development and redevelopment oversight, asset repositioning, and asset management.

About Amalgamated Bank

Founded in 1923, Amalgamated Bank invests workers' retirement savings through its LongView Funds. As the only fully union- owned U.S. bank still in operation, Amalgamated Bank remains firmly committed to its role as partner to the labor movement in the twenty-first century. With $10 billion in assets under management, and the retirement savings of working people now accounting for the largest pool of investment capital in the United States, Amalgamated strives to be the most active and involved investment manager in the country, pursuing value for its investors and monitoring corporate governance. Amalgamated is the trustee of the LongView ULTRA I Construction Loan Investment Fund which is a commingled fund that invests only in projects constructed using 100 percent union labor.

About Mesa del Sol

Mesa del Sol is a community designed for Albuquerque's south mesa where history and tradition meet the 21st century. Combining job creation and sustainable urban community planning, Mesa del Sol will reflect a balance of environmental resources, economic objectives and social amenities in a community that is forward looking and has a highly-defined sense of place.

For further information, please visit:

http://www.pacificaventures.com

http://www.theculverstudios.com

http://www.abqstudios.com

http://www.amalgamatedbank.com

http://www.commonwealthrealty.com

http://www.mesadelsolnm.com

http://www.buildnewmexico.org

http://www.usnewswire.com/

Contact: Matt Rauchberg of Pacifica Ventures, 310-202-3317