Last week, Cousins posted favorable funds from operationsthrough the first nine months of 2008 at $50.9 million, including$20.9 million in the third quarter, nearly triple the FFO from thesame period last year. The quarterly highlights included the$30.3-million sale of 120 remaining residential units at the54-story 50 Biscayne condominium tower in Miami, a joint venture ofCousins and Miami-based Related Group.

In other company news, Cousins announced this week theretirement of Joel Murphy, executive vice president and chiefleasing and asset management officer, at the end of this year.Murphy, who will serve as a consultant to Cousins starting in 2009,has been with the company since 1988 and previously served assenior vice president and president of its retail division.

"After 20 years I feel it is time for me to step back andexplore the possibilities that lie ahead for the remainder of myprofessional career," Murphy stated in a release. "Cousins has atalented and deep management team in place with my group and thecompany, and I have the greatest confidence in their continuedsuccess."