<SUBMISSION>
<ACCESSION-NUMBER>0000950134-08-007738
<TYPE>424B5
<PUBLIC-DOCUMENT-COUNT>1
<FILING-DATE>20080429
<DATE-OF-FILING-DATE-CHANGE>20080429
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>AMB PROPERTY CORP
<CIK>0001045609
<ASSIGNED-SIC>6798
<IRS-NUMBER>943281941
<STATE-OF-INCORPORATION>MD
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>424B5
<ACT>33
<FILE-NUMBER>333-135210
<FILM-NUMBER>08784275
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>PIER 1 BAY 1
<CITY>SAN FRANCISCO
<STATE>CA
<ZIP>94111
<PHONE>4153949000
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>PIER 1 BAY 1
<CITY>SAN FRANCISCO
<STATE>CA
<ZIP>94111
</MAIL-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>424B5
<SEQUENCE>1
<FILENAME>f40204b2e424b5.htm
<DESCRIPTION>424(B)(5)
<TEXT>
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<TITLE>e424b5</TITLE>
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<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="50%"><B>Pricing Supplement dated April&nbsp;28, 2008<BR>
(To Prospectus dated July&nbsp;5, 2006 and<BR>
Prospectus Supplement dated August&nbsp;10, 2006)</B></TD>
    <TD width="50%" nowrap align="right"><B>Filed Pursuant to Rule
424(b)(5)<BR>
    Registration No. 333-135210</B></TD>
</TR>
</TABLE>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>AMB PROPERTY, L.P.</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SERIES C MEDIUM-TERM NOTE<BR>
(FIXED RATE)</B>
</DIV>

<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt; margin-top: 12pt">&nbsp;</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Principal
Amount: </B>$325,000,000
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Price
to Public: </B>99.853%
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Agent&#146;s
Discount or Commission: </B>$1,950,000 (0.600%)
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Net
Proceeds to us: </B>$322,572,250
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Interest
Rate: </B>6.300%
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Maturity
Date: </B>June&nbsp;1, 2013
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Original
Issue Date: </B>May&nbsp;1, 2008
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Trade
Date: </B>April&nbsp;28, 2008
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Exchange Rate Agent: </B>Not applicable<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="font-family: Wingdings">&#111;</FONT> U.S. Bank National Association<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="font-family: Wingdings">&#111;</FONT> Other
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Interest
Payment Dates: </B>June&nbsp;1 and December&nbsp;1, commencing
December&nbsp;1, 2008
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Regular
Record Dates: </B>15 calendar days before each Interest Payment Date,
commencing November&nbsp;16,
2008
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Specified Currency:</B><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="font-family: Wingdings">&#254;</FONT> United States Dollars<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="font-family: Wingdings">&#111;</FONT> EURO<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="font-family: Wingdings">&#111;</FONT> Composite Currency:<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="font-family: Wingdings">&#111;</FONT> Other:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Principal Financial Center: Not applicable
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Authorized Denomination:</B><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="font-family: Wingdings">&#254;</FONT> $1,000 or integral multiples thereof<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="font-family: Wingdings">&#111;</FONT> Other
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Redemption:</B>
</DIV>


<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><FONT style="font-family: Wingdings">&#254;</FONT> The Note cannot be redeemed prior to maturity; provided, however, that the Note may be
prepaid at the option of the Operating Partnership prior to maturity as set forth below under
&#147;Other/Additional Provisions&#148;</TD>
</TR>
</TABLE>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="font-family: Wingdings">&#111;</FONT> The Note may be redeemed at the option of the Operating Partnership prior to maturity
</DIV>


<DIV align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Redemption Commencement Date:
</DIV>


<DIV align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Initial Redemption Percentage:
</DIV>


<DIV align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annual Redemption Percentage Reduction:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Repayment:</B><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <FONT style="font-family: Wingdings">&#254;</FONT> The Note cannot be repaid prior to maturity<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <FONT style="font-family: Wingdings">&#111;</FONT> The Note may be repaid prior to maturity at the option of the Holder of the Note

</DIV>

<DIV align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Optional Repayment Date(s):
</DIV>


<DIV align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Repayment Price:
</DIV>


<P align="center" style="font-size: 10pt">1
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Discount Notes: </B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="font-family: Wingdings">&#111;</FONT> Yes &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="font-family: Wingdings">&#254;</FONT> No<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Issue Price:<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Amount of OID:<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Yield to Maturity:<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Initial Accrual Period:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Form: </B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="font-family: Wingdings">&#254;</FONT> Book-Entry &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="font-family: Wingdings">&#111;</FONT> Certificated
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Agent:</B><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT style="font-family: Wingdings">&#254;</FONT> Morgan Stanley &#038; Co. Incorporated<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <FONT style="font-family: Wingdings">&#111;</FONT> A.G. Edwards &#038; Sons, Inc.<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <FONT style="font-family: Wingdings">&#254;</FONT> Banc of America Securities LLC<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <FONT style="font-family: Wingdings">&#111;</FONT> Commerzbank Capital Markets Corp.<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <FONT style="font-family: Wingdings">&#254;</FONT> J.P. Morgan Securities Inc.<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT style="font-family: Wingdings">&#111;</FONT> PNC Capital Markets LLC<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <FONT style="font-family: Wingdings">&#254;</FONT> Scotia Capital (USA)&nbsp;Inc.<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <FONT style="font-family: Wingdings">&#111;</FONT> Wachovia Capital Markets, LLC<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT style="font-family: Wingdings">&#111;</FONT> Wells Fargo Securities, LLC
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">J.P.
Morgan Securities Inc., Banc of America Securities LLC and Morgan
Stanley &#38; Co. Incorporated are joint book-running managers for
this offering. Scotia Capital (USA) Inc. is co-manager for this
offering.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Agent&#146;s Capacity: </B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="font-family: Wingdings">&#254;</FONT> Agent &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="font-family: Wingdings">&#111;</FONT> Principal
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Addendum Attached: </B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="font-family: Wingdings">&#111;</FONT> Yes &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="font-family: Wingdings">&#254;</FONT> No
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Other/Additional Provisions:</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Optional Prepayment by Operating Partnership</I>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The notes will be subject to prepayment at the option of the Operating Partnership, at any time in
whole or from time to time in part, upon not less than 30 and not more than 60&nbsp;days&#146; notice mailed
to each holder of notes to be prepaid at the holder&#146;s address appearing in the note register, at a
price equal to the greater of:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>100% of the principal amount of the notes to be prepaid; and</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the sum of the present values of the remaining scheduled payments of principal and interest
(at the rate in effect on the date of calculation of the prepayment price) on the notes to be
prepaid (exclusive of interest accrued to the date of prepayment) discounted to the date of
prepayment on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months)
at the applicable Treasury Yield plus 50 basis points;</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">in each case, plus accrued and unpaid interest to the date of prepayment.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Notes called for prepayment will become due on the date fixed for prepayment. Notices of prepayment
will be mailed by first-class mail at least 30 but not more than 60&nbsp;days before the date fixed for
prepayment to each noteholder at its registered address. The notice will state the principal amount
to be prepaid. On and after the date fixed for prepayment, interest will cease to accrue on any
prepaid notes. If less than all the notes are prepaid at any time, the trustee will select the
notes to be prepaid on a pro rata basis or by any other method the trustee deems fair and
appropriate.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;Comparable Treasury Issue&#148; means the United States Treasury security selected by an Independent
Investment Banker as having a maturity comparable to the remaining term of the notes that would be
utilized, at the time of selection and in accordance with customary financial practice in pricing
new issues of corporate debt securities of comparable maturity to the remaining terms of the notes.
</DIV>

<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;Comparable Treasury Price&#148; means, with respect to any date fixed for the prepayment of notes, (a)
the bid price for the Comparable Treasury Issue (expressed as a percentage of its principal amount)
at 4:00 P.M. on the third business day preceding such date, as set forth on &#147;Telerate Page 500&#148; (or
such other page as may replace Telerate Page 500) or (b)&nbsp;if such page (or any successor page) is
not displayed or does not contain such bid prices at such time, (i)&nbsp;the average of the Reference
Treasury Dealer Quotations obtained by the trustee for such date, after excluding the highest and
lowest of four such Reference Treasury Dealer Quotations, or (ii)&nbsp;if the trustee is unable to
obtain at least four such Reference Treasury Dealer Quotations, the average of all Reference
Treasury Dealer Quotations obtained by the trustee.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;Independent Investment Banker&#148; means J.P. Morgan Securities Inc., or, if such firm is unwilling or
unable to select the applicable Comparable Treasury Issue, a leading independent investment banking
institution appointed by the trustee and reasonably acceptable to the Operating Partnership.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;Reference Treasury Dealer&#148; means J.P. Morgan Securities Inc., and three other primary U.S.
government securities dealers in New York City selected by the Independent Investment Banker (each,
a &#147;Primary Treasury Dealer&#148;); provided, however, that if any of the foregoing shall cease to be a
Primary Treasury Dealer, the Operating Partnership will substitute another Primary Treasury Dealer.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;Reference Treasury Dealer Quotations&#148; means, with respect to each Reference Treasury Dealer and
any date fixed for the prepayment of notes, an average, as determined by the trustee, of the bid
and asked prices for the Comparable Treasury Issue for the notes (expressed in each case as a
percentage of its principal amount) quoted in writing to the trustee by such Reference Treasury
Dealer at 5:00 p.m., New York City time, on the third business day preceding such date.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;Treasury Yield&#148; means, with respect to any date fixed for the prepayment of notes, the rate per
annum equal to the semiannual equivalent yield to maturity (computed as of the third business day
immediately preceding such date) of the Comparable Treasury Issue, assuming a price for the
Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the
applicable Comparable Treasury Price for such date.
</DIV>
<BR>

<DIV align="center" style="font-size: 10pt; margin-top: 6pt">*****</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B> Use of
Proceeds</B></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We intend to use the net proceeds from the sale of the notes for general corporate purposes,
which may include acquisitions of properties, portfolios of properties or interests in property-owning or real estate-related
entities; development activities; the repayment of indebtedness (which may include temporarily reducing borrowings under our
unsecured credit facilities); loans to affiliates; the redemption or other repurchase of outstanding securities; capital
expenditures and increasing our working capital.  We are generally engaged in various stages of negotiations for a number
of acquisitions, dispositions and other transactions, some of which may be significant, that may include, but are not limited
to, individual properties, large multi-property portfolios or property owning or real estate-related entities.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As of
December&nbsp;31, 2007, the weighted average interest rate on the borrowings we may repay under our unsecured credit
facilities was approximately 5.70%. These borrowings mature in June 2010 and July 2011.
</DIV>
<P align="center" style="font-size: 10pt">&nbsp;
</DIV>


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