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PASADENA, CA-Highland Development, the retail development subsidiary of Marcus & Millichap, expects to spend $150 million to $200 million on new projects throughout California, Arizona, Nevada and Utah in the next two years. The company has added three new executives to its management team in connection with the development plans.

The new Highland execs are construction director Thomas Cole, acquisitions manager Armando Enriquez and development manager Vladimir Shlafman. Highland, which develops both retail and retail-driven mixed-use projects throughout the Western US, is involved in ground-up shopping center development and acquisition of existing properties with value-added and/or parcelization potential.

Highland’s development pipeline now consists of about a million sf of development and redevelopment in California and Arizona. The company expects to expand its project types by partnering with Marcus & Millichap subsidiaries SummerHill Homes and Urban Housing Group for the development of mixed-use projects incorporating single-family residents and apartment complexes.

Cole was formerly the director of development at LNR Property Corp. He is based in Highland’s headquarters in Pasadena.

Acquisitions manager Enriquez will be located in Pasadena, while development manager Shlafman will be based in the company’s new San Ramon office. Enriquez most recently was director of acquisitions and development for the Thrifty Oil Co., while Shlafman most recently was a member of the corporate development group at Marcus & Millichap.

Earlier this year, Highland hired real estate veteran Gary Ward as vice president of development to head the company’s Northern California office and direct all phases of real estate development in Northern California and the West. Enriquez and Shlafman will be working closely with Ward.

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