"I guess I proved my worth," the 18-year veteran tellsGlobeSt.com, "and they feel I'm right to take the office to thenext step and expand the presence of LNR in the Southwest."Kristofek's territory includes Austin, Houston, San Antonio andDenver plus the home base in Dallas, where there are six employees.Oklahoma and New Mexico also are on his exploration map.

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Kristofek says he's actively scouring Houston for developmentsites. LNR's forte is to buy land and build, crisscrossing allproduct types as an opportunistic developer. "We look for supplyconstraints and more demand than what is being met," he says.

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LNR has started rough grading its 305 acres in North Fort Worthto begin work on the first phase of the Presidio.Kristofek, who holds a master's degree in architecture, will managethe Presidio's development, which will end up with one million sfof retail and restaurants, 1,300 residential units, 750,000 sf ofoffice, fitness and hospitality space.

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In addition, Kristofek is forging ahead on LNR's 230-acreLakeside Ranch in Flower Mound. To date, the company built 350,000sf in two industrial buildings, selling one last year and leasingthe other to a single tenant. LNR has 40 acres left to developafter land sales to other developers and local companies forbuild-to-suits.

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Kristofek was hired by LNR's R. Lang Cotrell, who opened theDallas office in the early 2000's and subsequently returned toNewport Beach as president of the West-South region. The firm'sthird regional president is Ric Kern, who leads the West-Northregion.

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"Ken is a valuable and dynamic asset to our team," LNR's COODana Sanders says in a press release. "His experience and drive toacquire additional development opportunities will be instrumentalto increasing LNR's investments and presence in the Southwest."

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