Lease for 32,000 square feet brings 375,000-square-foot project to

67 percent leased

ATLANTA–(EMWNews)–Cousins Properties Incorporated (NYSE: CUZ) announced today it has

signed Forestar Real Estate Group Inc. (NYSE: FOR) to a

32,000-square-foot lease in Building II at Palisades West, a

two-building, 375,000-square-foot office project under construction in

southwest Austin, Texas. The lease, the first in the project’s

second building, brings Palisades West to 67 percent leased overall. The

project’s 220,000-square-foot first building

is fully leased to Dimensional Fund Advisors. Both buildings are

expected to deliver this fall.

“Palisades West is fulfilling its promise as a

great corporate office site with this new commitment from Forestar.

Southwest Austin continues to be one of the city’s

most attractive office market and we look forward to more interest as we

get closer to delivering the buildings,” said

Tim Hendricks, senior vice president of Cousins.

“We are excited about the relocation of our

corporate headquarters to Palisades West,”

said Jim DeCosmo, president and chief executive officer of Forestar Real

Estate Group. “This new facility has a great

location and provides our company with space that will support our

growth needs for the foreseeable future. As a 25% owner in the Palisades

West project, we believe this site will provide significant value to

other corporate office customers in the Austin market.”

Forestar Real Estate Group Inc. operates in three business segments:

real estate, mineral resources and fiber resources. The real estate

segment owns directly or through ventures about 372,000 acres of real

estate located in 10 states and 13 markets in the U.S. The real estate

segment has 23 real estate projects representing over 31,000 acres

currently in the entitlement process, and 75 entitled, developed and

under development projects in eight states and twelve markets

encompassing almost 17,000 acres, comprised of about 29,000 residential

lots and approximately 2,000 commercial acres. The mineral resources

segment manages about 622,000 net acres of oil and gas mineral

interests. The fiber resources segment sells wood fiber from its land

primarily located in Georgia, and leases land for recreational uses.

Forestar’s address on the World Wide Web is www.forestargroup.com.

Celebrating its 50^th anniversary in 2008,

Cousins Properties Incorporated is a leading diversified real estate

company with extensive experience in development, acquisition,

financing, management and leasing. Based in Atlanta, the Company

actively invests in office, multi-family, retail, industrial and land

development projects. Since its founding, Cousins has developed 20

million square feet of office space, 20 million square feet of retail

space, more than 4,000 multi-family units and more than 60 single-family

neighborhoods. The Company is a fully integrated equity real estate

investment trust (REIT) and trades on the New York Stock Exchange under

the symbol CUZ. For more, please visit www.cousinsproperties.com.

Certain matters discussed in this news release are forward-looking

statements within the meaning of the federal securities laws and are

subject to uncertainties and risks, including, but not limited to,

general and local economic conditions, local real estate conditions

(including the overall condition of the residential market), the

activity of others developing competitive projects, the risks associated

with development projects (such as delay, cost overruns and

leasing/sales risk of new properties), the cyclical nature of the real

estate industry, the financial condition of existing tenants, interest

rates, the Company’s ability to obtain

favorable financing or zoning, environmental matters, the effects of

terrorism, the ability of the Company to close properties under contract

and other risks detailed from time to time in the Company’s

filings with the Securities and Exchange Commission, including the

Company’s Annual Report on Form 10-K for the

year ended December 31, 2007. The words “believes”,

“expects”, “anticipates”,

“estimates” and

similar expressions are intended to identify forward-looking statements.

Although the Company believes that its plans, intentions and

expectations reflected in any forward-looking statement are reasonable,

the Company can give no assurance that these plans, intentions or

expectations will be achieved. Such forward-looking statements are based

on current expectations and speak as of the date of such statements. The

Company undertakes no obligation to publicly update or revise any

forward-looking statement, whether as a result of future events, new

information or otherwise.

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