<PAGE> 1
                   UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                                WASHINGTON, D.C. 20549


                                       FORM 10-Q



(Mark One)

[X]   QUARTERLY  REPORT  PURSUANT  TO  SECTION  13  OR  15(d) OF THE SECURITIES
      EXCHANGE ACT OF 1934

                     For the quarterly period ended March 31, 1998

                                          OR

      TRANSITION  REPORT  PURSUANT  TO  SECTION 13 OR 15(d) OF  THE  SECURITIES
      EXCHANGE ACT OF 1934

                For the transition period from _________ to __________

                          Commission file number 333-34835-01



                            PRICE DEVELOPMENT COMPANY,
                                LIMITED PARTNERSHIP
                (Exact name of registrant as specified in its charter)



                  MARYLAND                             87-0516235
           (State of organization)                  (I.R.S. Employer
                                                   Identification No.)
             35 CENTURY PARK-WAY
         SALT LAKE CITY, UTAH  84115                 (801) 486-3911
  (Address  of  Principal Executive Offices)  (Registrant's  telephone number,
                                                   including area code)




      Indicate by  check  mark whether the registrant (1) has filed all reports
required to be filed by Section  13  or 15(d) of the Securities Exchange Act of
1934  during the preceding 12 months (or  for  such  shorter  period  that  the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days.
                                                                  Yes   No
                                                                     [X]

<PAGE> 2
                    PRICE DEVELOPMENT COMPANY, LIMITED PARTNERSHIP
                                       FORM 10-Q


                                         INDEX



PART I:     FINANCIAL INFORMATION
                                                                         PAGE

Item 1.     Financial Statements. . . . . . . . . . . . . . . . . . . .     3

            Condensed Consolidated Balance Sheet as of
             March 31, 1998 and December 31, 1997 . . . . . . . . . . .     4

            Consolidated Statement of Operations for the
             Three Months Ended March 31, 1998 and 1997 . . . . . . . .     5

            Condensed Consolidated Statement of Cash Flows for the
             Three Months Ended March 31, 1998 and 1997 . . . . . . . .     6

            Notes to Financial Statements . . . . . . . . . . . . . . .     7

Item 2.     Management's Discussion and Analysis of Financial
             Condition and Results of Operations . . . . . . . . . . . .     9

Item 3.     Quantitative and Qualitative Disclosures
             About Market Risk . . . . . . . . . . . . . . . . . . . . .    11

PART II:    OTHER INFORMATION


Item 1.     Legal Proceedings. . . . . . . . . . . . . . . . . . . . . .    12

Item 2.     Changes in Securities. . . . . . . . . . . . . . . . . . . .    12

Item 3.     Defaults Upon Senior Securities. . . . . . . . . . . . . . .    12

Item 4.     Submission of Matters to a Vote of Security Holders. . . . .    12

Item 5.     Other Information. . . . . . . . . . . . . . . . . . . . . .    12

Item 6.     Exhibits and Reports on Form 8-K . . . . . . . . . . . . . .    13

<PAGE> 3
                                        PART I



ITEM 1.  FINANCIAL STATEMENTS

The  information  furnished  in the accompanying financial statements listed in
the index on page 2 consists only of normal recurring adjustments which are, in
the  opinion  of  management,  necessary   for   a  fair  presentation  of  the
aforementioned financial statements for the interim periods.

The aforementioned financial statements should be  read in conjunction with the
notes  to the aforementioned financial statements and  Management's  Discussion
and Analysis of Financial Condition and Results of Operations.

<PAGE> 4
                    PRICE DEVELOPMENT COMPANY, LIMITED PARTNERSHIP
                         CONDENSED CONSOLIDATED BALANCE SHEET

                                (DOLLARS IN THOUSANDS)

<TABLE>
<S>                                                           <C>          <C>

                                                               (UNAUDITED)
                                                               -----------
                                                                 March 31,  December 31,
                                                                   1998        1997
                                                               -----------   ----------
ASSETS
Real Estate Assets, Including Assets Under
 Development of $40,634 and $33,665                             $  630,983    $ 619,371
  Less:  Accumulated Depreciation                                 (101,959)     (98,404)
                                                                ----------    ---------
    Net Real Estate Assets                                         529,024      520,967
Cash                                                                 6,987        5,603
Restricted Cash                                                      2,341        2,465
Other Assets                                                        18,233       16,649
                                                                ----------   ----------
                                                                $  556,585   $  545,684
                                                                ==========   ==========

LIABILITIES AND PARTNERS' CAPITAL
Borrowings                                                      $  286,205   $  283,390
Accounts Payable and Accrued Expenses                               18,398       18,840
Distributions Payable                                                9,565           --
Other Liabilities                                                      628          617
                                                                ----------    ---------
                                                                   314,796      302,847
                                                                ----------    ---------
Minority Interest                                                    1,864        1,830
                                                                ----------    --------- 

Commitments and Contingencies

Partners' Capital
General Partner                                                    206,774      207,581
Limited Partners                                                    33,151       33,426
                                                                ----------   ----------
                                                                   239,925      241,007
                                                                ----------   ----------
                                                                $  556,585   $  545,684
                                                                ==========   ==========

</TABLE>
          See accompanying notes to financial statements.


<PAGE> 5
                    PRICE DEVELOPMENT COMPANY, LIMITED PARTNERSHIP
                         CONSOLIDATED STATEMENT OF OPERATIONS
                                  (UNAUDITED)

              (IN THOUSANDS, EXCEPT PER PARTNERSHIP UNIT AMOUNTS)

<TABLE>
<CAPTION>
                                                       FOR THE THREE MONTHS ENDED MARCH 31,
                                                       ------------------------------------
<S>                                                            <C>           <C>
                                                                   1998       1997
                                                                ----------   ----------
Revenues:
  Minimum Rents                                                 $   17,911   $   13,207
  Percentage and Overage Rents                                       1,070        1,003
  Recoveries from Tenants                                            5,340        3,878
  Interest                                                              89          218
  Other                                                                 93           69
                                                                ----------    ---------
                                                                    24,503       18,375
                                                                ----------    ---------
Expenses:
  Operating and Maintenance                                          4,166        2,735
  Real Estate Taxes and Insurance                                    2,640        1,906
  General and Administrative                                         1,574        1,436
  Depreciation                                                       3,646        2,642
  Amortization of Deferred Financing Costs                             259          254
  Amortization of Deferred Leasing Costs                               167          171
  Interest                                                           3,958        1,676
                                                                ----------   ----------   
                                                                    16,410       10,820
                                                                     8,093        7,555

Minority Interest in Income of Consolidated Partnerships              (102)         (99)
                                                                ----------   ---------- 
 Net Income                                                     $    7,991   $    7,456
                                                                ==========   ==========

Basic Net Income Per Partnership Unit                           $      .38   $      .36
                                                                ==========   ==========

Diluted Net Income Per Partnership Unit                         $      .37   $      .36
                                                                ==========   ==========
Basic Weighted Average Number of Partnership Units
 Outstanding                                                        21,290       20,720

Add: Diluted Effect of Stock Options                                   146          177
                                                                ----------   ----------
Diluted Weighted Average Number of Partnership Units
 Outstanding                                                        21,436       20,897
                                                                ==========   ===========

</TABLE>
          See accompanying notes to financial statements.


<PAGE> 6
                PRICE DEVELOPMENT COMPANY, LIMITED PARTNERSHIP
                CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
                                  (UNAUDITED)

                            (DOLLARS IN THOUSANDS)

<TABLE>
<CAPTION>

                                                       FOR THE THREE MONTHS ENDED MARCH 31,
                                                       ------------------------------------
<S>                                                             <C>          <C>
                                                                   1998         1997
                                                                 ---------    ---------
Net Cash Provided by Operating Activities                        $  14,746    $  11,660
                                                                 ---------    ---------
Cash Flows from Investing Activities:
Real Estate Assets, Developed or Acquired                          (15,494)      (9,717)
Increase in Restricted Cash                                            124          (22)
                                                                 ---------    ---------
 Net Cash Used in Investing Activities                             (15,370)      (9,739)
                                                                 ---------    ---------
Cash Flows from Financing Activities:
Proceeds from Borrowings                                           101,940        7,977
Repayment of Borrowings                                            (99,125)     (44,136)
Net Proceeds from Sale of Partnership Units                            492       38,767
Distributions to Minority Interests                                    (71)         (73)
Deferred Financing Costs                                            (1,228)        (406)
                                                                 ---------    ---------
 Net Cash Provided by Financing Activities                           2,008        2,129
                                                                 ---------    ---------
Net Increase in Cash                                                 1,384        4,050
Cash, Beginning of Period                                            5,603        1,750
                                                                 ---------    ---------
Cash, End of Period                                              $   6,987    $   5,800
                                                                 =========    =========

Supplemental Disclosure of Non-Cash Transactions:

The following non-cash transactions occurred:

Distributions accrued for General Partner not paid               $   7,910    $   7,632

Distributions accrued for Limited Partners not paid              $   1,655    $      --


</TABLE>
          See accompanying notes to financial statements.


<PAGE> 7
                   PRICE DEVELOPMENT COMPANY, LIMITED PARTNERSHIP
                         NOTES TO FINANCIAL STATEMENTS
                                      (UNAUDITED)
               (DOLLARS IN THOUSANDS, EXCEPT PER PARTNERSHIP UNIT DATA)

1.    BUSINESS SUMMARY AND SIGNIFICANT ACCOUNTING POLICIES

      BUSINESS

      Price   Development   Company,   Limited   Partnership   (the  "Operating
Partnership")  is  primarily  engaged  in  the  business  of  owning,  leasing,
managing,  operating, developing and redeveloping malls, community centers  and
other commercial  properties.   The  tenant  base  includes  primarily national
retail  chains  and local retail companies.  Consequently, the credit  risk  is
concentrated  in the  retail  industry.   Price  Development  Company,  Limited
Partnership is the Operating Partnership of JP Realty, Inc. ("the Company") who
is the general  partner.  JP Realty, Inc. completed its initial public offering
on January 21, 1994  and  conducts  all of its business operations through, and
holds an 83% controlling general partner interest in the Operating Partnership.
Since there are no material differences  between  the Company and the Operating
Partnership they will be collectively referred to as  "the  Company" unless the
text requires otherwise.

      The interim financial data for the three-months ended March  31, 1998 and
1997  is  unaudited;  however,  in  the  opinion  of  the  Company, the interim
financial  data includes all adjustments, consisting only of  normal  recurring
adjustments,  necessary  for  a  fair  statement of the results for the interim
periods.


2.    BORROWINGS

      On March 11, 1998 the Operating Partnership  issued  $100,000  in the ten
year  senior  notes  bearing  annual  interest  at a rate  of 7.29%.  Principle
payments  of  $25,000  are due annually beginning March  2005.   The  Operating
Partnership  had  entered   into  an  interest  rate  protection  agreement  in
anticipation of issuing these  notes  and  received  $270  as  a result of this
agreement  making  the  effective  rate  of  interest on these notes at  7.24%.
Proceeds  from the notes were used to partially  repay  outstanding  borrowings
under the Operating Partnership's $200,000 unsecured credit facility.

      On March  16,  1998  the  Operating  Partnership  entered  into a $10,000
unsecured  credit  facility.   The  credit  facility  will  be used for general
business and cash management purposes.

      On  July  30,  1996,  Spokane  Mall  Development  Company, a consolidated
partnership, of which the Operating Partnership is the General Partner, entered
into a $50,000 construction facility.  The construction facility  will  be used
to fund the development and construction of the Spokane Valley Mall in Spokane,
Washington.   The  construction  loan has a 3 year term with an optional 2 year
extension and is secured by the Spokane  Valley  Mall  and  guaranteed  by  the
Operating  Partnership.   As  of  March  31,  1998, borrowings on the loan were
$44,948.

      The Operating Partnership borrowed $9,000  on  April  21,  1998  from its
$200,000 unsecured credit facility to fund construction projects.



<PAGE> 8
                  PRICE DEVELOPMENT COMPANY, LIMITED PARTNERSHIP
                         NOTES TO FINANCIAL STATEMENTS
                                      (UNAUDITED)
               (DOLLARS IN THOUSANDS, EXCEPT PER PARTNERSHIP UNIT DATA)


3.    PRO FORMA FINANCIAL INFORMATION

      The  following  unaudited proforma summary financial information for  the
three months ended March 31, 1998 and 1997, is presented as if the acquisitions
of Silver Lake Mall, Visalia Mall, Salem Center and the additional common stock
offering on January 22, 1997, had been consummated as of January 1, 1997.

<TABLE>
<CAPTION>

                                                          FOR THE THREE MONTHS ENDED MARCH 31,
                                                          ------------------------------------
<S>                                                              <C>         <C>
                                                                    1998        1997
                                                                  ---------   ----------

Revenues                                                           $  24,503  $   21,262

Net Income                                                             7,991       7,562

Basic Net Income Per Partnership Unit                                    .38         .36

Diluted Net Income Per Partnership Unit                                  .37         .35
                                                                                  
</TABLE>

4.    PARTNERS' CAPITAL

      The  following  table  summarizes  changes  in  partners'  capital  since
December 31, 1997:

<TABLE>
<S>                                 <C>           <C>            <C>
                                    GENERAL        LIMITED
                                    PARTNER        PARTNERS         TOTAL
                                   ---------      ---------      ----------
Partners' Capital at
 December 31, 1997                 $ 207,581      $  33,426      $  241,007

Units Issued Upon Exercise
 of Stock Options                        492             --             492
Conversion of Limited
 Partners' Interests                       1             (1)             --
Distributions Accrued                 (7,910)        (1,655)         (9,565)
Net Income                             6,610          1,381           7,991
                                   ---------      ---------       ---------
Partners' Capital at
 March 31, 1998                    $ 206,774      $  33,151       $  239,925
                                   =========      =========       ==========
                                                                            
</TABLE>

<PAGE> 9
                    PRICE DEVELOPMENT COMPANY, LIMITED PARTNERSHIP
                         NOTES TO FINANCIAL STATEMENTS
                                      (UNAUDITED)
               (DOLLARS IN THOUSANDS, EXCEPT PER PARTNERSHIP UNIT DATA)


ITEM  2.MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
      OF OPERATIONS

OVERVIEW

      JP  Realty, Inc. (the "Company") completed its initial public offering on
January 21,  1994,  and conducts all of its business operations through its 83%
controlling general partner  interest  in,  Price  Development Company, Limited
Partnership  (the  "Operating  Partnership").   Since there  are  not  material
differences  between the Company and the Operating  Partnership  they  will  be
collectively referred to as "the Company" unless the text requires otherwise.

      The Company  is  a  fully  integrated, self administered and self-managed
real  estate investment trust ("REIT")  primarily  engaged  in  the  ownership,
leasing,  management,  operation, development, redevelopment and acquisition of
retail properties in the Intermountain Region, as well as in Oregon, Washington
and California.  The Company's  existing  portfolio  consists of 48 properties,
including  15 enclosed regional malls, 25 community centers,  two  freestanding
retail properties and six mixed-use commercial properties.

      The  Company's   financial  condition  and  results  of  operations  were
positively impacted by the Operating Partnership's December 1997 acquisition of
Salem Center and the June  1997  acquisitions  of  Silver Lake Mall and Visalia
Mall,  as  well as its development activities which added  a  combined  840,000
square feet of gross leasable area ("GLA") to the retail portfolio.

      The Company  completed  an  additional  public  offering in January 1997,
raising  approximately  $40.7  million in gross proceeds through  the  sale  of
1,500,000 shares of its common stock.

RESULTS OF OPERATIONS

    COMPARISON OF THREE MONTHS ENDED MARCH 31, 1998 TO THREE MONTHS ENDED MARCH
31, 1997 (DOLLARS IN THOUSANDS)

      Total revenues for the three months ended March 31, 1998 increased $6,128
or 33% to $24,503 as compared to  $18,375  in 1997.  This increase is primarily
attributable  to  a  $4,704 or 36% increase in  minimum  rents  to  $17,911  as
compared  to $13,207 in  1997.   Additionally,  percentage  and  overage  rents
increased $67 or 7% to $1,070 as compared to $1,003 in 1997.

      The June acquisitions of the Silver Lake Mall and Visalia Mall as well as
the December  acquisition  of  Salem  Center, contributed $4,235 to the minimum
rent increase and $143 to the percentage and overage rent increase.

      Recoveries from tenants increased  $1,462 or 38% to $5,340 as compared to
$3,878  in  1997.   Property  operating  expenses,   including   operating  and
maintenance  and  real estate taxes and insurance increased $1,431 or  52%  and
$734 or 39% respectively.   The  acquisitions of Silver Lake Mall, Visalia Mall
and  Salem  Center contributed $1,060  to  recoveries  from  tenants,  $839  to
property operating  expenses,  including  operating and maintenance and $349 to
real estate taxes and insurance.  Recoveries  from  tenants  as a percentage of
property operating expenses were 78% compared to 84% in 1997.

      Depreciation  and  amortization  increased  $1,005  or 33% to  $4,072  as
compared to $3,067 in 1997.  This increase is primarily due to the acquisitions
and the increase in newly developed GLA.

      Interest expense increased $2,282 or 136% to $3,958 as compared to $1,676
in  1997.  This increase resulted from additional borrowings  used  to  acquire
Silver Lake Mall, Visalia Mall, Salem Center and newly constructed GLA.



<PAGE> 10
                 PRICE DEVELOPMENT COMPANY, LIMITED PARTNERSHIP
                         NOTES TO FINANCIAL STATEMENTS
                                      (UNAUDITED)
               (DOLLARS IN THOUSANDS, EXCEPT PER PARTNERSHIP UNIT DATA)

LIQUIDITY AND CAPITAL RESOURCES

      The  Company's principal uses of its liquidity and capital resources have
historically  been  for  distributions,  property  development,  expansion  and
renovation  programs  and  debt  repayment.  To maintain its qualification as a
REIT under the Internal Revenue Code  of  1986,  as  amended  (the "Code"), the
Company is required to distribute to its shareholders at least 95% of its "Real
Estate  Investment Trust Taxable Income", as defined in the Code.   During  the
quarter ended  March  31,  1998 the Company declared a distribution of $.45 per
partnership unit payable April  21,  1998  to  the shareholders of record as of
April 3, 1998.

      The  Company's  principal  source of liquidity  is  its  cash  flow  from
operations generated from its real  estate  investments.  As of March 31, 1998,
the Company's cash and restricted cash amounted  to approximately $9.3 million.
In addition to its cash and restricted cash, unused  capacity  under its credit
facilities totaled $182 million.

      The  Company expects to meet its short term cash requirements,  including
capital  expenditures  related  to  maintenance  and  improvement  of  existing
properties,  through  undistributed  funds  from  operations, cash balances and
advances   under  the  credit  facilities.   Exclusive  of   construction   and
development  activities,  capital  expenditures  (both  revenue and non-revenue
enhancing) for the existing properties are budgeted in 1998 to be approximately
$5 million.

      The  Company's  principal long-term liquidity requirements  will  be  the
repayment of principal  on the $95 million mortgage debt, which matures in 2001
and requires principal payments  in  an  amount necessary to reduce the debt to
$83.1 million as of January 21, 2000, the  repayment  of the 100 million senior
notes principle payable at 25 million a year starting in  March  2005,  and the
retirement of outstanding balances under the credit facilities.

      An  additional  long-term capital need of the Company is the construction
of  the  regional  mall  in   Spokane,  Washington,  through  its  consolidated
partnership, Spokane Mall Development Company Limited Partnership.  On July 30,
1996, this consolidated partnership  entered  into  a  $50 million construction
facility to meet its development and construction needs  regarding  the Spokane
project.   The mall opened August 13, 1997, and contains approximately  689,000
square feet  of  total GLA.  Continued payments for initial tenant construction
allowances and completion of construction will increase borrowings on the loan.
The Company estimates  the total cost of this project will be approximately $67
million.  The difference  between  the estimated cost of the project and amount
of the construction facility is comprised  of  costs  incurred  to date for the
purchase of land and payment of fees and other development costs.   As of March
31, 1998, borrowings on the loan were approximately $44.9 million.

      The  Operating  Partnership is continuing the development of Provo  Towne
Centre, an enclosed regional  mall  in  Provo,  Utah  through  its consolidated
partnership  Provo  Mall  Development  Company, Ltd.  This property  will  also
represent a future long-term capital need for the Company.  The Company expects
to  fund  this  project  through  advances  under   its  credit  facilities  in
combination with construction financing.

      The Company is also contemplating the expansion and renovation of several
of its existing properties and additional development projects and acquisitions
as a means to expand its portfolio.  The Company does  not  expect  to generate
sufficient  funds  from operations to meet such long-term needs and intends  to
finance these costs  primarily  through  advances  under the credit facilities,
together with equity and debt offerings and individual property financing.



<PAGE> 11
                 PRICE DEVELOPMENT COMPANY, LIMITED PARTNERSHIP
                         NOTES TO FINANCIAL STATEMENTS
                                      (UNAUDITED)
               (DOLLARS IN THOUSANDS, EXCEPT PER PARTNERSHIP UNIT DATA)

LIQUIDITY AND CAPITAL RESOURCES (CONTINUED)

      On September 2, 1997 the Company and the Operating  Partnership  filed  a
shelf  registration  statement  on  Form  S-3  with the Securities and Exchange
Commission  for  the  purpose  of registering common  stock,  preferred  stock,
depositary shares, common stock warrants, debt securities and guaranties.  This
registration statement, when combined  with the Company's unused portion of its
previous shelf registration, would allow  for  up to $400 million of securities
to be offered by the Company and the Operating Partnership.   On March 11, 1998
the Operating Partnership under its shelf registration, issued  $100 million of
ten  year  senior unsecured notes bearing annual interest at a rate  of  7.29%.
The  Operating  Partnership  had  entered  into  an  interest  rate  protection
agreement  in anticipation of issuing these notes and received $270 as a result
of this agreement  making  the  effective  rate  of  interest on these notes at
7.24%.   Principal  payments  of $25 million are due annually  beginning  March
2005.  The proceeds were used to  partially  repay outstanding borrowings under
the credit facility.

      The Company intends to incur additional  borrowings  in  the  future in a
manner  consistent  with  its  policy  of  maintaining a ratio of debt-to-total
market capitalization of less than 50%.  The  Company's  ratio of debt-to-total
market capitalization was approximately 35% at March 31, 1998.


ITEM 3.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

      Not Applicable.



<PAGE> 12
                                        PART II

ITEM 1.  LEGAL PROCEEDINGS

         The Company is not aware of any pending or threatened litigation at 
this time that will have a material adverse effect on the Company or any of its
properties.

ITEM 2.  CHANGES IN SECURITIES

         Not applicable.

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES

         Not applicable.

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

         Not applicable.

ITEM 5.  OTHER INFORMATION

      Not applicable.
        

<PAGE> 13


ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

(a)   Exhibits

EXHIBIT                                                                  PAGE
NUMBER                                                                 NUMBER
------                                                                 ------

4.1  Form of Debt Security (4.6)*
4.2  Indenture, dated March 11, 1998, by and between the Operating
     Partnership and The Chase Manhattan Bank as trustee (4.8)*
4.3  First Supplemental Indenture, dated March 11, 1998, by and between
     the Operating Partnership and The Chase Manhattan Bank as
     trustee (4.9)*
10.1 Amended and Restated Agreement of Limited Partnership of Price
     Development Company, Limited Partnership (10(a))**
10.2 Agreement of Limited Partnership of Price Financing Partnership, L.P.
     (10(b))**
10.3 Loan Agreements related to Mortgage Debt and related documents (10(c))**
     i) Deed of Trust, Mortgage,  Security  Agreement  and Assignment
        of Leases and Rents of Price Financing Partnership, L.P.
     ii)Intentionally Omitted
     iii)Indenture between Price Capital Corp. and a Trustee
     iv)Limited Guarantee Agreement (Guarantee of Collection) for outside
        investors
     v) Limited Guarantee Agreement (Guarantee of Collection) for Price Group
        Investors
     vi)Cash Collateral Account Security, Pledge and Assignment Agreement
        among Price Financing Partnership, L.P., Price Capital Corp. and
        Continental Bank N.A.
     vii)Note Issuance Agency Agreement between Price Capital Corp. and
         Price Financing Partnership, L.P.
     viii)Management and Leasing Agreement among Price Financing Partnership,
        L.P.and Price Development Company, Limited Partnership
     ix)Assignment of Management and Leasing Agreement of Price Financing
        Partnership, L.P.
10.6 Registration Rights Agreement among the Company and the Limited Partners
     of Price Development Company, Limited Partnership (10(g))**
10.7 Amendment No. 1 to Registration Rights Agreement, dated  August 1, 1995,
     among the Company and the Limited Partners of Price Development Company,
     Limited Partnership**
10.8 Exchange Agreement among the Company and the Limited Partners of Price
     Development Company, Limited Partnership (10(h))**
10.10Amendment to Groundlease between Price Development Company and Alvin
     Malstrom as Trustee and C.F. Malstrom, dated December  31,  1985.
     (Groundlease for Plaza 9400) (10(j))**
10.11Lease Agreement between The Corporation of the President of the Church of
     Jesus Christ of Latter Day Saints and Price-James and Assumptions, dated
     September 24, 1979.  (Groundlease for Anaheim
     Plaza) (10(k))**
10.12Indenture of Lease between Ambrose and Zelda Motta and Cordova Village,
     dated July 26, 1974, and Amendments and Transfers thereto.
     (Groundlease for Fort Union Plaza) (10(l))**
10.13Lease Agreement between Advance Management Corporation and Price Rentals,
     Inc. and dated August 1, 1975 and Amendments thereto.  (Groundlease for
     Price Fremont) (10(m))**
10.14Groundlease between Aldo Rossi and Price Development Company, dated June
     1, 1989, and related documents.   (Groundlease  for  Halsey  Crossing)
     (10(n))**             
---------------------------
*Documents were previously filed with the Company's current report Form 8-K.

**Documents were previously filed with the Company's Annual Report of Form 10-K
for the year ended December 31, 1995 and are incorporated herein by reference.




<PAGE> 14
         
(b)Reports on Form 8-K.

   On January 13, 1998 the Company filed a current report dated December 30,
   1997 on Form 8-K reporting the acquisition of Salem Center.  On February 3,
   1998 the Company filed a current report on Form 8-K/A amending its current
   report on Form 8-K dated December 30, 1997 to include financial statements
   on the acquisition of Salem Center.

   The financial statements filed were as follows:

   SALEM CENTER
   Statement of Revenues and Certain Expenses for
    the Year Ended December 31, 1996
   Statements of Revenues and Certain Expenses for
    the Nine Month Period Ended September 30, 1997
    and 1996 (unaudited)
   Notes to Financial Statements

   PRICE DEVELOPMENT COMPANY, LIMITED PARTNERSHIP
   Proforma - Unaudited:
   Condensed Consolidated Balance Sheet as of September 30, 1997
   Condensed Consolidated Statements of Operations for
    the Nine Month Period ended September 30, 1997
    and the Year Ended December 31, 1996
   Estimated Twelve Month Pro Forma Statement of
   Net Operating Income and Operating Funds Available

   On March 4, 1998 the Company filed a current report dated March 4, 1998 on
   Form 8-K reporting the financial results of the Company for 1997.

   The financial statements filed were as follows:

   Report of Independent Accountants

   Consolidated Balance Sheet as of December 31, 1997 and 1996

   Consolidated Statement of Operations
    for the years ended December 31, 1997, 1996 and 1995

   Consolidated Statement of Shareholders' Equity

   Consolidated Statement of Cash Flows
    for the years ended December 31, 1997, 1996 and 1995

   Notes to Consolidated Financial Statements

   Schedule II - Valuation and Qualifying Accounts

   Schedule III - Real Estate and Accumulated Depreciation

   On March 12, 1998 the Company filed a current report dated March 12, 1998
   reporting the issuance of $100,000,000 senior notes due 2008 at 7.29% in an
   underwritten public offering.





<PAGE> 15


                                  SIGNATURES

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



                                       PRICE DEVELOPMENT COMPANY,
                                       LIMITED PARTNERSHIP
                                       (Registrant)
                                       By: JP Realty, Inc., its
                                       General Partner



      MAY 14, 1998                     /s/ G. Rex Frazier
-------------------------------        -----------------------------------
        (Date)                         G. Rex Frazier
                                       PRESIDENT, CHIEF OPERATING OFFICER,
                                       AND DIRECTOR OF JP REALTY, INC.



      MAY 14, 1998                     /s/ M. Scott Collins
-------------------------------        ------------------------------------
        (Date)                         M. Scott Collins
                                       VICE PRESIDENT--CHIEF FINANCIAL OFFICER
                                       AND TREASURER OF JP REALTY, INC.
                                       (PRINCIPAL FINANCIAL
                                       AND ACCOUNTING OFFICER)