Ownership Submission

FORM 4

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:

3235-0287

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0.5

(Print or Type Responses)

1. Name and Address of Reporting Person ^*

FREEDMAN BRUCE H

2. Issuer Name and Ticker or Trading Symbol
AMB PROPERTY CORP [AMB]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
Executive VP

(Last)

(First)

(Middle)

C/O AMB PROPERTY CORPORATION, PIER 1, BAY 1

3. Date of Earliest Transaction (Month/Day/Year)
07/15/2005

(Street)

SAN FRANCISCO, CA 94111

4. If Amendment, Date Original Filed(Month/Day/Year)

6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	07/15/2005		M		1,000	A	$ 26.29	174,584	D
Common Stock	07/15/2005		S		1,000	D	$ 44.55	173,584	D
Common Stock	07/15/2005		M		1,000	A	$ 26.29	174,584	D
Common Stock	07/15/2005		S		1,000	D	$ 44.52	173,584	D
Common Stock	07/15/2005		M		17,000	A	$ 26.29	190,584	D
Common Stock	07/15/2005		S		17,000	D	$ 44.5	173,584	D
Common Stock	07/15/2005		M		8,000	A	$ 26.29	181,584	D
Common Stock	07/15/2005		S		8,000	D	$ 44.45	173,584	D
Common Stock	07/15/2005		M		5,000	A	$ 26.29	178,584	D
Common Stock	07/15/2005		S		5,000	D	$ 44.44	173,584	D
Common Stock	07/15/2005		M		40,000	A	$ 26.29	213,584	D
Common Stock	07/15/2005		S		40,000	D	$ 44.4	173,584	D
Common Stock	07/15/2005		M		8,000	A	$ 26.29	181,584	D
Common Stock	07/15/2005		S		8,000	D	$ 44.39	173,584	D
Common Stock	07/15/2005		M		6,000	A	$ 26.29	179,584	D
Common Stock	07/15/2005		S		6,000	D	$ 44.38	173,584	D
Common Stock	07/15/2005		M		5,058	A	$ 26.29	178,642	D
Common Stock	07/15/2005		S		5,058	D	$ 44.35	173,584	D
Common Stock	07/15/2005		M		1,000	A	$ 26.29	174,584	D
Common Stock	07/15/2005		S		1,000	D	$ 44.34	173,584	D
Common Stock	07/15/2005		M		6,500	A	$ 26.29	180,084	D
Common Stock	07/15/2005		S		6,500	D	$ 44.33	173,584	D
Common Stock	07/15/2005		M		6,000	A	$ 26.29	179,584	D
Common Stock	07/15/2005		S		6,000	D	$ 44.32	173,584	D
Common Stock	07/15/2005		M		15,500	A	$ 26.29	189,084	D
Common Stock	07/15/2005		S		15,500	D	$ 44.31	173,584	D
Common Stock	07/15/2005		M		10,000	A	$ 26.29	183,584	D
Common Stock	07/15/2005		S		10,000	D	$ 44.3	173,584 ⁽¹⁾	D

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
	Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.		SEC 1474 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security
(Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code
(Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date
(Month/Day/Year)

7. Title and Amount of Underlying Securities
(Instr. 3 and 4)

8. Price of Derivative Security
(Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Non-Qualified StockOption (right to buy)

$ 26.29

07/15/2005

1,000

⁽²⁾

02/26/2012

Common Stock

1,000

⁽³⁾

129,058

Non-Qualified StockOption (right to buy)

$ 26.29

07/15/2005

1,000

⁽²⁾

02/26/2012

Common Stock

1,000

⁽³⁾

128,058

Non-Qualified StockOption (right to buy)

$ 26.29

07/15/2005

17,000

⁽²⁾

02/26/2012

Common Stock

17,000

⁽³⁾

111,058

Non-Qualified StockOption (right to buy)

$ 26.29

07/15/2005

8,000

⁽²⁾

02/26/2012

Common Stock

8,000

⁽³⁾

103,058

Non-Qualified StockOption (right to buy)

$ 26.29

07/15/2005

5,000

⁽²⁾

02/26/2012

Common Stock

5,000

⁽³⁾

98,058

Non-Qualified StockOption (right to buy)

$ 26.29

07/15/2005

40,000

⁽²⁾

02/26/2012

Common Stock

40,000

⁽³⁾

58,058

Non-Qualified StockOption (right to buy)

$ 26.29

07/15/2005

8,000

⁽²⁾

02/26/2012

Common Stock

8,000

⁽³⁾

50,058

Non-Qualified StockOption (right to buy)

$ 26.29

07/15/2005

6,000

⁽²⁾

02/26/2012

Common Stock

6,000

⁽³⁾

44,058

Non-Qualified StockOption (right to buy)

$ 26.29

07/15/2005

5,058

⁽²⁾

02/26/2012

Common Stock

5,058

⁽³⁾

39,000

Non-Qualified StockOption (right to buy)

$ 26.29

07/15/2005

1,000

⁽²⁾

02/26/2012

Common Stock

1,000

⁽³⁾

38,000

Non-Qualified StockOption (right to buy)

$ 26.29

07/15/2005

6,500

⁽²⁾

02/26/2012

Common Stock

6,500

⁽³⁾

31,500

Non-Qualified StockOption (right to buy)

$ 26.29

07/15/2005

6,000

⁽²⁾

02/26/2012

Common Stock

6,000

⁽³⁾

25,500

Non-Qualified StockOption (right to buy)

$ 26.29

07/15/2005

15,500

⁽²⁾

02/26/2012

Common Stock

15,500

⁽³⁾

10,000

Non-Qualified StockOption (right to buy)

$ 26.29

07/15/2005

10,000

⁽²⁾

02/26/2012

Common Stock

10,000

⁽³⁾

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
FREEDMAN BRUCE H C/O AMB PROPERTY CORPORATION PIER 1, BAY 1 SAN FRANCISCO, CA 94111			Executive VP

Signatures

/s/ Tamra Browne pursuant to a Power of Attorney dated 01/27/2003.		07/19/2005
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Of the 173,584 securities beneficially owned, 75,159 are directly held (D) and 95,589 securities are indirectly held (I) as co-trustee for the Bruce H. Freedman Revocable Trust dated 5/28/03, and 2,836 securities are held indirectly (I) through a rabbi trust pursuant to the Amended and Restated AMB Nonqualified and Deferred Compensation Plan.
(2)	One-third of the shares subject to the option vest and become exerciseable annually on January 1. The shares vested fully on January 1, 2005.
(3)	Not applicable.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.