Exhibit 99.1

                            TEXT OF PRESS RELEASE
                            ---------------------

            The InterGroup Corporation Regains NASDAQ Compliance

LOS ANGELES--(BUSINESS WIRE)--The InterGroup Corporation (NASDAQ: INTG-News)
today announced that, following a hearing held before a NASDAQ Listing
Qualifications Panel (the "Panel") last month, the Panel determined to grant
the Company's request for continued listing on The NASDAQ Capital Market
pending InterGroup's return to compliance with either the minimum $2.5 million
stockholders' equity or the $35 million market value of listed securities
("MVLS") requirement for continued listing.

On May 25, 2010, NASDAQ notified the Company that it achieved compliance with
the minimum $35 million MVLS requirement and that it complies with all other
applicable standards for continued listing on The NASDAQ Capital Market,
thereby satisfying the requirements of the Panel's decision.  Accordingly, the
Company will continue to be listed on NASDAQ and the delisting proceeding is
now closed.

                               *  *  *

Statements in this release which are not historical facts are "forward looking
statements" and "safe harbor statements" under the Private Securities
Litigation Reform Act of 1995 that involve risks and/or uncertainties,
including risks and/or uncertainties as described in the Company's public
filings with the Securities and Exchange Commission.

CONTACT:	Michael G. Zybala, Assistant Secretary
		and Counsel, Telephone: (310) 466-7961