EXHIBIT (a)(19)
                        ICAHN UNIT ANNOUNCES INCREASE IN
             TENDER OFFER PRICE FOR HALLWOOD REALTY TO $120 PER UNIT



     New York, New York, August 19, 2003. High River Limited  Partnership ("High
River"),  an affiliate of Carl C. Icahn,  today  announced that it is increasing
the purchase  price in its tender offer (the "Offer") for  partnership  units of
Hallwood Realty Partners,  L.P. (AMEX: HRY) (the "Partnership") to $120 per unit
and  extending  the  expiration  date of the Offer  until 5:00 pm, New York City
time, on Monday,  October 6, 2003,  unless the Offer is extended to a later date
and time.

     In  addition to those  conditions  set forth in the Offer to  Purchase,  as
previously  supplemented and amended,  which conditions  remain in effect,  High
River announced that the Offer is amended to add the following conditions:

     o The Offer is conditioned on a minimum number of limited partnership Units
being duly  tendered and not  withdrawn in the Offer so that,  together with the
235,000 Units already owned by High River,  High River and its  affiliates  will
own an aggregate of at least 66 2/3% of the  outstanding  units.  Based upon the
Partnership's  filing on Form 10-Q for the period ended June 30, 2003, at August
1, 2003,  1,593,948 units were  outstanding and options to purchase 64,800 units
were exercisable.

     o The  Offer  is also  conditioned  on the  Partnership  not  agreeing  to,
entering  into or  becoming  obligated  with  respect to, any  extraordinary  or
related party  transaction or any golden parachute or other employee  severance,
termination or similar arrangements.

     Approximately  60,079 units have been tendered pursuant to the tender offer
as of the close of business on August 18, 2003.