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LOS ANGELES-Canyon Catalyst Fund has selected Paragon Commercial Group as its second partner for a new program designed to cultivate real estate investment fund managers. The Catalyst/Paragon joint venture will target $60 million to $100 million of retail acquisitions in the state’s urban markets.

Founded by Mark Harrigian, Erwin Bucy and Jim Dillavou, Paragon Commercial Group specializes in developing and redeveloping retail properties across California. They focus on under-utilized assets in infill and high barrier-to-entry submarkets.

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