Exhibit (a)(9)


                 HALLWOOD REALTY PARTNERS, L.P. ISSUES STATEMENT


DALLAS, July 30, 2003 - Hallwood Realty Partners, L.P. (AMEX: HRY) (the
"Partnership") today issued the following statement:

"With regard to yesterday's announcement by High River Limited Partnership
("High River") concerning a proposal to acquire the Partnership in a merger
transaction, the Partnership has not been formally notified by High River, or
any other affiliate of Carl C. Icahn, of any proposal to acquire the Partnership
other than the tender offer (the "Tender Offer") for any and all units of the
Partnership at a purchase price of $100 per unit. Therefore, the Partnership has
no immediate comment with respect to such proposal. If and when High River does
make a proposal to acquire the Partnership, the Board of Directors of Hallwood
Realty, LLC (the "Board"), the general partner of the Partnership, consistent
with its fiduciary duty to all unitholders of the Partnership, will review the
proposal and make a recommendation with respect to the proposal in due course.
Until the Board issues such a recommendation, the Partnership strongly urges its
unitholders not to take any action with respect to any proposal by High River,
including, without limitation, tendering their units into the Tender Offer,
which appears to remain at a price of $100 per unit."

The Partnership, a publicly traded Delaware limited partnership, is engaged in
the acquisition, ownership and operation of commercial real estate assets.

Certain statements in this news release may constitute "forward-looking
statements" which are subject to known and unknown risks and uncertainties
including, among other things, certain economic conditions, competition,
development factors and operating costs that may cause the actual results to
differ materially from results implied by such forward-looking statements. These
risks and uncertainties are described in greater detail in the Partnership's
periodic filings with the SEC.

Investor contact:          Bob Marese
                           MacKenzie Partners, Inc.
                           212-929-5405

Media contact:             Roy Winnick
                           Kekst and Company
                           212-521-4842