FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF 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: 3235-0104
Estimated average burden hours per response... 0.5

(Print or Type Responses)
1. Name and Address of Reporting Person *
  Tran Nina A
 2. Date of Event Requiring Statement (Month/Day/Year)
12/07/2006		 3. Issuer Name and Ticker or Trading Symbol
AMB PROPERTY CORP [AMB]
(Last)
(First)
(Middle)
C/O AMB PROPERTY CORPORATION, PIER 1, BAY 1		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chief Accounting Officer
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

SAN FRANCISCO, CA 94111		 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 Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 10,257
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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.

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Purchase)   (1)   (2) Common Stock 83,274 $ (3) D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Tran Nina A
C/O AMB PROPERTY CORPORATION
PIER 1, BAY 1
SAN FRANCISCO, CA 94111		       Chief Accounting Officer  

Signatures

/s/ Tamra D. Browne pursuant to a power of attorney dated December 7, 2006 12/15/2006
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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) One-third of the shares subject to certain options vest and become exercisable annually on January 1. 9,100 shares subject to certain options will vest fully on January 1, 2007, 9,804 shares subject to certain options will vest fully on January 1, 2008, 17,682 shares subject to certain options will vest fully on January 1, 2009. 11,714 shares subject to certain other options vested on January 27, 2004, 9,609 shares subject to certain other options vested on February 7, 2005, and 25,365 shares subject to certain other options vested on February 6, 2006.
(2) Options to purchase 20,814 shares will expire on January 27, 2014, options to purchase 19,413 shares will expire on February 7, 2015, and options to purchase 43,047 shares will expire on February 6, 2016.
(3) Options to purchase 20,814 shares have an exercise price of $35.26, options to purchase 19,413 shares have an exercise price of $38.56, and options to purchase 43,047 shares have an exercise price of $51.92.

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.