Crescent Welcomes Vice President of Development.FORT WORTH, Texas Fort Worth is the fifth-largest city in the state of Texas, 18th-largest city in the United States[1], and voted one of "America’s Most Livable Communities. -- Crescent Real Estate Equities Company Crescent Real Estate Equities Co. (NYSE: CEI) is a Fort Worth, Texas-based real estate investor with holdings mainly in office and hotel properties, including several landmark buildings in the southern United States. (NYSE NYSE See: New York Stock Exchange : CEI CEI Competitive Enterprise Institute CEI Conferenza Episcopale Italiana (Italian bishop conference) CEI Central European Initiative CEI Comitato Elettrotecnico Italiano (Italian Electrotechnical Committee) ) welcomes a new officer to its development team. Joseph F. Pitchford joins Crescent as vice president, development, to become part of the Company's development team. Mr. Pitchford will immediately assume responsibility of the 255,000 square-foot Class A office property under development at Hughes Center in Las Vegas. Mr. Pitchford has more than twenty years TWENTY YEARS. The lapse of twenty years raises a presumption of certain facts, and after such a time, the party against whom the presumption has been raised, will be required to prove a negative to establish his rights. 2. of experience in commercial real estate, particularly in real estate development and project management. Most recently, Mr. Pitchford was an executive vice president with Concord Eastridge, Inc. Prior to that, he served as vice president and regional director for Hines Arizona, where he organized and opened Hines' Arizona office. Mr. Pitchford received his Bachelor of Architecture The Bachelor of Architecture (B.Arch.) is an undergraduate academic degree designed to satsify the academic component of professional accreditation bodies, to be followed by a period of practical training prior to professional examination and registration. from the University of Notre Dame and his Master of Business Administration from University of Virginia. As an employment-inducement award, Crescent has granted options covering a total of 35,000 common shares to Mr. Pitchford. The exercise price for the options, which vest 20% per year for each of the next five years, is equal to the closing price of Crescent's common shares on the NYSE on the date of grant. ABOUT CRESCENT Crescent Real Estate Equities Company (NYSE: CEI) is a real estate investment trust headquartered in Fort Worth, Texas. Through its subsidiaries and joint ventures, Crescent owns and manages a portfolio of 76 premier office buildings totaling 31 million square feet located in select markets across the United States, with major concentrations in Dallas, Houston, Austin, Denver, Miami and Las Vegas. Crescent also makes strategic investments in resort residential development, as well as resorts, including Canyon Ranch(R). For more information, visit the Company's website at http://www.crescent.com. |
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