Industry Awards

2006
One BriarLake Plaza Wins international TOBY
Crescent congratulates One BriarLake Plaza team

June 28, 2006 - The One BriarLake Plaza Team brought home the highly coveted Office Building of the Year award (TOBY) in the 500,000 to one million square foot category from the International's annual North American Real Estate Congress and The Office Building Show held in Dallas.

"Please join me in congratulating Liz Green, Robert Halick and the entire team at BriarLake," stated Jim Wilson, senior vice president, property management for the Houston Region. "This is a tremendous accomplishment and I am extremely proud of everyone that worked so hard to make this happen."

The BriarLake Plaza team includes Liz Green, property manager; Brandy Vargas, assistant property manager; Lara Palm, administrative assistant; William Walenta, chief engineer; Lester Reed III, lead engineer; and Jose Maya, operating engineer. Robert Halick is director of property management for BriarLake Plaza.

Recent Awards

Going Green

FolloWing is the announcement made by Building Owners and Managers Association (BOMA):

Fifteen North American Commercial Properties Win The Office Building of the Year (TOBY) Awards

BOMA International Honors Distinguished Properties

The commercial real estate industry honored 15 North American commercial properties with The Office Building of the Year (TOBY) Award at the Building Owners and Managers Association (BOMA) International's annual North American Commercial Real Estate Congress® and The Office Building Show held recently in Dallas, Texas.

The TOBY Winners were recognized for excellence in office building management and operations in specific categories of building size or type. To Win the international award, the office buildings first won both local and regional competitions. Judging was based on community impact, tenant/employee relations programs, energy management systems, accessibility for disabled people, emergency evacuation procedures, building personnel training programs and overall quality indicators. A team of expert industry professionals also conducted a comprehensive building inspection.

The Winners of the 2005-2006 TOBY Awards in the 14 categories:

• In the Renovated Building category, the Winner is 500 Jefferson, Houston Texas, submitted by Darrel Holub. The property is managed and owned by Trizec Properties.

• In the Historical Building category, the Winner is LaSalle Bank Building, Chicago, Illiniois, submitted by Julie A. Nowak. The property management company is Jones Lang LaSalle Americas (Illinois), and the owner is LaSalle Bank.

• In the Corporate Facility category, the Winner is American Express Desert Ridge, Phoenix, Arizona, submitted by Barbara Wodrich, RPA, FMA. The property management company is Trammell Crow Company, and the owner is American Express.

• In the Medical Office Building category, the Winner is 1101 Madison Tower, Seattle, Washington, submitted by Lori Granberg. The property management company is Trammell Crow Company, and the owner is Health Care Property Investors, Inc.

• In the Government Building category, the Winner is United States Courthouse, Fort Myers, Florida, submitted by Lacey Willard, RPA. The property management company is the United States General Services Administration, and the owner is the United States Government.

• In the Suburban Office Park Low-Rise category, the Winner is Cumberland Metro Office Park, Chicago, Illinois, submitted by Marie T. Croce. The property management company is CB Richard Ellis, Inc. and the owner is State of Hawaii Employee Retirement System.

• In the Suburban Office Park Mid-Rise category, the Winner is Corporate Centre of Cool Springs, Franklin, Tennessee, submitted by Crystal Waller. The property management company is Crescent Resources, a subsidiary of Duke Energy, and the owner is Corporate Centre Acquisition Company.

• In the Industrial Office Park category, the Winner is Crystal Park Industrial Complex, Round Rock, Texas, submitted by Don Roberts. The property management company is Opus West Management Corporation, and the owner is Opus Real Estate Texas, VI, LP.

• In the buildings Under 100,000 Square Foot category, the Winner is 31 Inverness Center, Birmingham, Alabama, submitted by Betty A. Swann, RPA. The property management company is Cousins Properties Services, and the owner is Teachers Insurance and Annuity Association.

• In the 100,000 to 249,999 Square Foot category, the Winner is the Grand Avenue Courtyard, El Segundo, California, submitted by Christine Oritz. The property management company is Lowe Enterprise Real Estate Group, and the owner is Commonwealth Grand Avenue Corporation.

• In the 250,000 to 499,999 Square Foot category, the Winner is Hazard Center Office Tower, San Diego, California, submitted by Lisa M. Gualco, RPA, FMA. The building is managed by PM Realty Group, and owner is 7510 Hazard, LLC.

• In the 250,000 to 499,999 Square Foot category, a Distinguished Entry Award goes to Tower 42, London, United Kingdom, submitted by Peter Merrett. The building is managed by Greycoat Estates and Atisreal, and owner is Tower Limited Partnership, a consortium comprising Merrill Lynch Investment Managers and Hermes Real Estate Limited.

• In the 500,000 to One Million Square Foot category, the Winner is One BriarLake Plaza, Houston, Texas, submitted by Lizabeth Green. The building is managed by Crescent Property Services, and owner is Crescent One BriarLake Plaza, LP.

• In the Over One Million Square Foot category, the Winner is Marathon Oil Tower, Houston, Texas, submitted by Mark R. Nicholson. The building is managed by Cushman & Wakefield, and owner is Tower Associates.

• The Earth Award Winner is Denver Place, Denver, Colorado, submitted by Lori Carter, RPA. The building is managed by Amerimar Realty Management Comapny, and owner is Denver Place Associates, LP.

The TOBY Awards are sponsored by Securitas Security Services USA www.securitasinc.com.

Founded in 1907, the Building Owners and Managers Association (BOMA) International is an international federation of more than 90 local associations and affiliated organizations. BOMA's 19,000-plus members own or manage more than 9 billion square feet of commercial properties in North America and abroad. The mission of BOMA International is to enhance the human, intellectual and physical assets of the commercial real estate industry through advocacy, education, research, standards and information. On the Web at www.boma.org.

From left to right, Mike Foster, Neftali Rodriquez, Liz Green, Brandy Vargas, Skip Walenta and Lester Reed

2006
One BriarLake Plaza and Three WestLake Park receive Houston TOBY

Congratulations to Three WestLake Park and One BriarLake Plaza for receiving the Building Owners and Managers Association's (BOMA) The Office Building of the Year (TOBY) award at the local Houston level.

Under the direction of Robert Halick, director of property management, the WestLake team includes Olivia Aguirre, Michelle Aguilar, Jerrold Anderson, Susannah Jenkins, Glen Joseph, Jason Mock, Ron Spell, Janice Wright, and Russell Young. The One BriarLake team, led by Lizabeth Green, property manager, includes Rosemary Kogler, Elissa Levitt, Jose Maya, Lester Reed, Brandy Vargas, and Skip Walenta.

Three WestLake competed in the 250,000 - 499,999 square foot category and One BriarLake competed in the 500,000 - 1,000,000 square foot category. Both buildings will proceed to the Southwest Regional convention in April in Oklahoma City.

Jim Wilson, senior vice president, property management, stated, "Congratulations to both teams. Many hours of hard work go into preparing the building and materials for the competition. Everyone at both buildings definitely went the extra mile."

The TOBY is the most prestigious and coveted awards in the commercial real estate industry. The TOBY honors buildings demonstrating excellence in building management, operational efficiency, tenant retention, emergency planning and community impact. The mission of the Building Owners and Managers Association International is to enhance the human, intellectual and physical assets of the commercial real estate industry through advocacy, education, research, standards and information.

2005
Crescent Named Best in Customer Service for 5th Consecutive Year

FORT WORTH, Texas (BUSINESS WIRE) - April 7, 2006 - Crescent Real Estate Equities Company (NYSE:CEI) has been awarded for the fifth consecutive year the National Commercial Real Estate Customer Service Award for Excellence for the customer service it provides its office property customers. The award has been given by CEL & Associates, the largest surveyor of customer satisfaction in the real estate industry. In addition, 69 office properties owned by Crescent's various subsidiaries have been named to the 2005 "A List," the National Commercial Real Estate Customer Service Award for Excellence at the property level.

The awards recognize those companies whose management performance and commitment to providing the highest level and quality of service achieve the highest levels of customer satisfaction. For five years running, customers of Crescent properties ranked the Company's customer service and management in the highest percentile of the commercial real estate industry in the U.S.

"We are honored to be recognized by CEL for the fifth year in a row. This success is a tribute to the dedication of our team members and their focus on providing exceptional customer service everyday," said Denny Alberts, Crescent's President and Chief Operating Officer. "According to the survey results, we showed improvement in every category, from quality of management services through intention to renew. In fact, 93% of our customers expressed an intention to renew with us, up from 92% last year. Integrating exceptional customer service into Crescent's culture has paid off for us, and we are pleased to be a leader in this area. We will continue to strive to provide our customers with exceptional workplace environments and innovative solutions everyday."

About Crescent

Crescent Real Estate Equities Company (NYSE:CEI) is a real estate investment trust headquartered in Fort Worth, Texas. Through its subsidiaries and joint ventures, Crescent owns and manages a portfolio of 75 premier office buildings totaling 31 million square feet located in select markets across the United States, with major concentrations in Dallas, Houston, Austin, Denver, Miami and Las Vegas. Crescent also makes strategic investments in resort residential development, as well as in destination resorts, including Canyon Ranch®.

2003
Crescent Recognized for Excellence in Customer Service for Third Consecutive Year
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