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SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

___________

FORM 8-K

Current Report Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934

Date of Report (date of earliest event reported): June 23, 2003

AMB PROPERTY CORPORATION

Pier 1, Bay 1, San Francisco, California 94111

415-394-9000

n/a

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ITEM 5.     OTHER EVENTS.

     On June 23, 2003, we issued a press release entitled “AMB Property Corporation Announces Redemption of 8.5% Series A Preferred Stock”. A copy of the press release is attached as Exhibit 99.1 and is incorporated by reference into this report.

     On June 23, 2003, we closed the issuance of 2,000,000 shares of our 6 1/2% Series L Cumulative Redeemable Preferred Stock. Pursuant to the limited partnership agreement of our operating partnership, AMB Property, L.P., of which we are the general partner, we contributed the net proceeds of the offering to our operating partnership, and in exchange, our operating partnership issued to us 2,000,000 6 1/2% Series L Cumulative Redeemable Preferred Units. The Seventh Amended and Restated Agreement of Limited Partnership of AMB Property, L.P. reflects the issuance of the 6 1/2% Series L Cumulative Redeemable Preferred Units and is attached as Exhibit 10.1 and is incorporated by reference into this report.

ITEM 7.     FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.

(c)

Exhibits

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SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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Exhibit Index