[IMGCAP(2)]The REIT reported net income of $5.9 million and 10cents per diluted earnings per share, compared with $12.1 millionand 23 cents per share for the first quarter of 2009, and dilutedFFO per share of 53 cents, compared to 67 cents for the firstquarter 2009.

"We indicated previously that 2010 would be a challenging yearfor the industry since the real estate sector lags the economy. Ourfirst quarter results reflect those challenges," Griffin said in aprepared statement regarding the company's results.

[IMGCAP(3)]In Santa Monica, CA, Pacific Office PropertiesTrust―which during the quarter commenced the offering ofup to $400 million of senior common stock and named two new seniorexecutives―reported higher FFO and adjusted FFO as wellas steady leasing activity that took the company's portfolio to84.4% leased at March 31. In addition, the company noted a slightincrease in annualized rent per square foot, from $27.33 at Dec. 31to $27.79 at March 31.