Canyon Capital Realty Advisors appointed Phil Angelides, former California state treasurer, as principal and chairman of its newly created Canyon-Johnson Urban Communities Fund. The fund will focus on acquiring, improving and greening residential and mixed-use properties in urban communities across the United States. Angelides has more than 30 years of experience in urban reinvestment, housing, green investment and smart growth.
CBL & Associates Properties, Inc. and the Benchmark Group started construction on Hammock Landing, a 750,000-sq.-ft. open-air shopping center in West Melbourne, Fla. Opening is scheduled for the spring of 2009. The companies also broke ground for the Pavilion at Port Orange, a 550,000-sq.-ft. open-air retail center in Port Orange, Fla. Opening is scheduled for the fall of 2009.
Turnberry Associates appointed Jeff Mooallem as senior vice president of development. Prior to joining Turnberry Associates, Mooallem served as president of G.L. Commercial.
Taylor Development and Land Co. and Economos Properties will develop Off-Brickell, a $120 million, 568,000-sq.-ft. mixed-use project in Miami. When completed, the property will combine 150,000 sq. ft. of office space, 86,000 sq. ft. of retail space and a 213-room hotel. Construction is scheduled to begin in March 2008. The project will open in 2010.
CBL & Associates Properties, Inc. and Ewing Southeast Realty broke ground for Statesboro Crossing, a 162,000-sq.-ft. community center in Statesboro, Ga. The center is scheduled to open in the fall of 2008.
Carnegie Management and Development Corp. completed construction on three of the four buildings planned for North Olmsted Towne Center, a 386,000-sq.-ft. mixed-use center in North Olmsted, Ohio.
KGI Properties, LLC and the Congress Group will develop Wayland Town Center, a $140 million, 370,000-sq.-ft. mixed-use project in Wayland, Mass. When completed, the property will contain 165,000 sq. ft. of retail and office space, 40,000 sq. ft. of municipal space, 100 residential units and a two-acre town green. Construction is scheduled to begin in August 2008. The project will open in 2009.
Present Value Properties, Inc. hired Bernie Labowitz as senior vice president. Labowitz has 38 years of experience in real estate. Prior to joining Present Value Properties, he served as vice president of leasing with World Premier Investments.
Glimcher Ventures Southwest, LLC broke ground for Phase II of the Shoppes at Surprise Pointe, a $75 million mixed-use center in Surprise, Ariz. Phase II will feature 125,000 sq. ft. of retail, restaurants and entertainment venues.
The National Association of Real Estate Investment Trusts appointed Martin E. Stein, Jr. as its 2008 chairman. Stein currently serves as CEO and chairman of the board of Regency Centers Corp.
ARC/Architectural Resources Cambridge appointed Philip L. Laird as president. Laird has been with the firm since 1979.
North American Properties opened Coral Walk, a 300,000-sq.-ft. power center in Cape Coral, Fla.