The Siegel Group Completes Disposition of Phoenix Commercial Shopping Center

LOS ANGELES (BusinessWire EON) August 1, 2007 -- Stephen Siegel, President and Chief Executive Officer of The Siegel Group, said: "We are enormously pleased with the disposition of BT Center. At the moment we are focusing our efforts on the Nevada market which we believe holds more value and opportunity for us compared to any area of the country."

About The Siegel Group, Inc.

The Siegel Group, a Commercial Real Estate & Business Development Company with offices in Studio City, California & Las Vegas, Nevada, is a full-service real estate development company founded by Stephen Siegel with expertise in acquisitions, financing & development, property management, and leasing and rehabilitation. The Company's Real Estate Division manages the firms' acquisition, disposition, and development of commercial real estate; a portfolio comprised of multi-family and Flexible-Stay units, commercial shopping centers, office buildings, and hotel developments. For more information on The Siegel Group and its affiliates, visit the Company's website at www.siegelcompanies.com.

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