Former California state treasurer Phil Angelides has joined Canyon Capital Realty Advisors, Los Angeles, as a principal of the firm and as chairman of a new fund that has ties to community development executive and former professional basketball player Earvin "Magic" Johnson. The new Canyon-Johnson Urban Communities Fund is slated to focus on acquiring, improving and "greening" residential rental and mixed-use properties in urban communities across the United States. Canyon can be found on the Web at http://www.canyonpartners.com.
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