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        News Release

FOR IMMEDIATE RELEASE

The Corky McMillin Companies Endow $1.5 Million SDSU Real Estate Chair

Contacts: Randy Carmical, director of Communications
SDSU College of Business Administration
(619) 594-6862; rcarmica@mail.sdsu.edu

Julia Simms
JSPR
(858) 689-9909; jsimms@jsprinc.com

SAN DIEGO, Wednesday, November 10, 2004 – San Diego State University’s (SDSU) College of Business Administration announced today that its Real Estate Program is the recipient of a $1.5 million gift from The Corky McMillin Companies.

“The money will be used to endow “The Corky McMillin Chair” of the Real Estate program, a position we intend to fill for fall 2005,” said Gail Naughton, dean of the university’s College of Business Administration. “This is a most generous gift and we are thankful that McMillin is a partner in making this the premier program in the state.”

For more than 40 years, the College has been educating students in a program that includes Southern California’s only comprehensive undergraduate real estate degree. The vision is to create a “ready-day-one” program for students who aspire to become leaders within the industry. These include: 1) a restructured curriculum to prepare students for today’s and tomorrow’s employment opportunities; and 2) an expanded research component that analyzes emerging trends and provides thoughtful leadership on real estate matters of community importance. The Corky McMillin Chair endowment is the first step toward fulfilling that plan.

“Our family is honored to be a part of an institution that has helped shape the future of San Diego County,” said Mark McMillin, a 1979 graduate of SDSU and vice chairman of The Corky McMillin Companies. “The university attracts thousands of people to San Diego who then stay here after graduation, obtaining employment and becoming valuable corporate citizens, contributing to our local economy in many ways.”

The Corky McMillin Companies has been serving the real estate needs of families in California from its San Diego County headquarters since 1960. McMillin prides itself on creating communities where families can live, work and play, generation after generation. The Corky McMillin Companies is comprised of five core companies, each with its own specialty: McMillin Homes, with nearly 20,000 homes to its name up and down the state; McMillin Land Development, creating master-planned communities in San Diego and Riverside counties; McMillin Commercial, building office, retail and industrial complexes throughout San Diego County; McMillin Realty, the county’s largest independent real estate brokerage with an additional office in Bakersfield, Calif., and McMillin Mortgage, a direct home-loan lender and mortgage broker.

“McMillin has long been a beneficiary of SDSU, by hiring from their graduate pool of talent, and we are pleased to be partnering with the university to ensure the on-going success of both of our organizations,” said Scott McMillin, vice chairman of The Corky McMillin Companies. “Many McMillin employees and real estate agents obtained their degrees from SDSU and we need a local pool of talent to draw from in order to continue to grow our company and America’s Finest City.”

With over 6,000 students, the SDSU College of Business is one of the largest business schools in the U.S. Its programs in undergraduate international business and graduate entrepreneurship are ranked among the top programs in the country by U.S. News and World Report.

San Diego State University is the oldest and largest higher education institution in the San Diego region. Since it was founded in 1897, the university has grown to offer bachelor’s degrees in 81 areas, master’s degrees in 72 areas and doctorates in 16 areas. SDSU’s more than 33,000 students participate in academic curriculum distinguished by direct contact with faculty and an increasing international emphasis that prepares them for a global future. For more information, visit www.sdsu.edu.

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