ALBERHILL RANCH CONTINUES TO GROW WITH TWO NEW COLLECTIONS

LAKE ELSINORE, CA - Castle & Cooke, the renowned national master-planned community developer and homebuilder, announces the addition of two new collections slated to be unveiled in 2007 at the growing Alberhill Ranch Community located in North Lake Elsinore. The upcoming collections will offer homebuyers the same outstanding residential appeal that has come to define Alberhill Ranch.

"Alberhill Ranch continues to provide residents with beautiful new homes of dramatic scope and practical configurations," said Michael Williams, Vice President of Sales & Marketing for Alberhill Ranch.

"Each new home location offers distinctive residences and amenities for families who value timeless traditions. Similar to the current designs at Saltillo, Capella and Ashbury, the new collections will accommodate the demands of family lifestyles by presenting spacious floorplans, practical interiors and an excellent balance of formal and informal living areas. In addition, the two new neighborhoods will be located next to the community's Private Swim Club, which is set to open next summer."

Alberhill Ranch will encompass over 500 picturesque acres with its many recreational amenities, community gathering places and top-quality home designs and construction. It is part of the Castle & Cooke commitment to providing the ideal settings for growing families with children. Castle & Cooke, among the industry's most distinguished and reputable homebuilders, is nationally known for its outstanding quality, craftsmanship and integrity.

Homebuyers are currently taking advantage of the many loan options available through Castle & Cooke Mortgage, a convenient service that helps simplify the home buying process, speed up loan approval, and most importantly, save buyers money on mortgage payments. As interest continues to grow, register online today for immediate sales process information by visiting the website at www.alberhillranch.com.

Alberhill Ranch currently presents three distinctive neighborhoods with home prices starting from the high $400,000s.

Ashbury offers two-story, single-family designs that range from approximately 2,764 to 3,997 square feet. Expansive interiors feature four to six bedrooms, 2.5 to 5.5 baths and three-space garages.

The Saltillo neighborhood offers one- and two-story detached residences that range from approximately 2,010 to 3,120 square feet, with three to five bedrooms, two to four baths and up to three-space garages. Interior highlights, per residence, include social rooms, upstairs laundry areas, walk-in closets, media niches for entertainment centers and wood-burning fireplaces in all family rooms.

Capella's naturally beautiful location overlooking rolling hills and the luminous city lights below enhance its residential prestige. Four designs range from approximately 2,531 to 3,838 square feet of two-story living space, with three to five bedrooms, 2.5 to four baths and up to four-space garages. A game room, loft and additional bedrooms are available in select floorplans.

Projected amenities offer a wealth of new recreational sites and advantages to enrich family living, which currently include a private Swim Club, a Picnic Park and the Alberhill Community Park, which will include soccer fields and the highly anticipated Boys and Girls Club. The nearby Lakeside High School, a state-of-the-art facility, is open to freshmen, sophomore and junior students; Terra Cotta Middle School is highly desirable and Castle & Cooke has announced there are plans for a future elementary school site.

Founded in Hawaii in 1851, Castle & Cooke has decades of experience and the proven ability to transform raw land into unique places where people and families want to live. The company has long been in the business of building quality homes and high-end residential communities, golf courses, country clubs, retail shopping centers, office and industrial parks, and spectacular vacation resorts.

Castle & Cooke's goal is as always, to continuously provide quality and lasting value for every customer. Their approach is accomplished through a team of experienced development professionals and executive leadership focused on every detail. They believe that executing this vision of creating homes with warmth and style will enhance the lives of their customers.

Today, the company's extensive list of accomplishments includes master-planned residential communities in California, Arizona, Florida and Hawaii, including developments on the luxurious Island of Lana'i, and the exclusive Lake Sherwood in Southern California.

Proud of their past accomplishments, Castle & Cooke continues to strive for excellence while maintaining a firm commitment to quality and value for their customers, both today and in the future.

Alberhill Ranch is a master-planned community being developed by Castle & Cooke, LLC. A Homeowner's Association, financially supported by all residents, will maintain common area landscaping, private parks and other common facilities. All future facilities and development plans are subject to change.

To experience Ashbury, Saltillo, or Capella at Alberhill Ranch, travel the 15 Freeway to Lake Elsinore, exit Lake Street, and follow the signs to view Alberhill's spectacular model homes. The Sales Offices and Models are open daily from 10 a.m. to 6 p.m., with the exception of Wednesdays, when hours are from 2 p.m. to 6 p.m.

To qualify for Broker Co-Op, client's agent/broker must accompany his/her client's first visit to the Sales Office; conditions do apply.

Pricing and product availability are subject to change; contact a Sales Representative today for details.

For additional information on Ashbury, call (951) 253-8105; Saltillo (951) 609-2930 and for Capella, (951) 609-2917. For further information on Castle & Cooke please visit www.castlecooke.net.