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.

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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.

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"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."

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Cousins, a diversified real estate company, has developed 20million square feet of office space, 20 million square feet ofretail, more than 4,000 multifamily units and at least 60single-family neighborhoods. The company is observing its 50thanniversary this year.

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