Canyon Capital announces JV for land acquisitions.Canyon Capital Realty Advisors announced that it has formed a new joint venture--River Canyon--to acquire property intended primarily, but not exclusively, for residential uses and invest in land ventures and land-owning entities. The two Canyon entities, which together have more than $16.5 billion in assets currently under management, will be joined in the new venture by River West Investments, owned and headed by Brian Vail, and by Riverview Capital Investments, owned and led by former California State Treasurer The California State Treasurer is responsible for the state's investment and finance. The post has more narrow responsibilities and authority than the California State Controller. Some of the responsibilities include issuing bonds and notes for the state. Phil Angelides Philip Nicholas "Phil" Angelides (IPA: æn.dʒε.'lid.ɪs) (born June 11, 1953 in Sacramento, California), is a California politician who was California State Treasurer and the unsuccessful Democratic nominee for Governor of California in the 2006 elections. . A particular focus of the new venture will be on smart growth projects and markets across the U.S. with projected job and population growth, including California, the Pacific Northwest, the Sun Belt states and Florida. River Canyon, which will operate out of Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. and Sacramento, brings together partners who have long histories of leadership, innovation, and success in real estate investment and strong track records in delivering high quality urban and smart growth projects. Canyon Capital Realty Advisors has received widespread recognition for its national marketplace leadership. The group of advisors has completed hundreds of transactions totaling more than $8 billion in markets ranging from Hawaii to New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . Its Canyon- Johnson Urban Fund, a partnership with Earvin "Magic" Johnson, is one of the nation's largest private real estate funds focused on the development of urban properties in underserved communities. The principals of River West and Riverview Capital have excelled in the development of master planned communities and were early pioneers in smart growth and sustainable development Sustainable development is a socio-ecological process characterized by the fulfilment of human needs while maintaining the quality of the natural environment indefinitely. The linkage between environment and development was globally recognized in 1980, when the International Union . "We are thrilled to partner with Phil Angelides and Brian Vail in this new venture that will bring together our collective expertise to invest in quality, sustainable projects in regions of the country expected to grow over the next decade," said CCRA CCRA Canada Customs and Revenue Agency CCRA Common Criteria Recognition Arrangement CCRA Campus Computer Resellers Alliance CCRA Certified Clinical Research Associate CCRA Commercial Credit Reference Agency CCRA California Court Reporters Association managing partner Bobby Turner Robert "Bobby" Turner (born May 6, 1949 in Midway, Alabama) is the Denver Broncos running backs coach. He joined Denver in 1995, he also worked for 20 years as a college assistant and has 34 combined years of coaching experience at the professional, collegiate and high school . "Sustainable development in areas with supply constraints will be a particular focus of the River Canyon joint venture." |
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