EXHIBIT(a)(9)
                              FOR IMMEDIATE RELEASE



                      Icahn Affiliate to Make Tender Offer
                   For Units of Hallwood Realty Partners, L.P.

New York, NY, April 23, 2003 - High River Limited Partnership, an affiliate
of Carl C. Icahn, today announced that it intends to initiate a tender offer for
any and all of the  partnership  units of Hallwood  Realty  Partners,  L.P. (the
"Partnership")  (AMEX:  HRY) at $100 per unit in cash. The tender offer will not
be subject to financing.  Mr. Icahn noted that the price represents a premium of
approximately  40% over the average  closing price of  approximately  $70.80 for
Units during the 60 days prior to March 3, 2003,  the date on which it was first
publicly disclosed that he had purchased Units.

The offer  will be  conditioned  on the  elimination  of the  Partnership's
poison pill or the poison pill otherwise  being  inapplicable  to the offer.  In
that regard, affiliates of Mr. Icahn have today commenced litigation challenging
the poison  pill on the  grounds  that it  permits  the  general  partner of the
Partnership  and its  affiliates  to purchase  Units without  restriction.  That
litigation  is unrelated  to the  litigation  pending in the  Delaware  Court of
Chancery,  Gotham Partners L.P. v. Hallwood Realty Partners, L.P., et al, which,
among other things, challenges prior share purchases from the Partnership by the
general  partner of the  Partnership.  The offer will also be conditioned on the
absence of material  transactions by the Partnership and other typical terms and
conditions.





High River and its  affiliates  have not yet  commenced  the  tender  offer
referred to in this statement.  Upon the commencement of any tender offer,  they
will file a tender offer statement with the Securities and Exchange  Commission.
That statement  will contain  important  information  about the tender offer and
should be read by security  holders.  If a tender offer is  commenced,  security
holders will be able to obtain at no charge (i) the tender offer  statement  and
other  documents  when they become  available  on the  Securities  and  Exchange
Commission's  website at  http://www.sec.gov  and (ii) the offer to purchase and
all related documents from the offeror.





                      Contact: Susan Gordon (212) 702-4309