Real Estate Development
Angelides was appointed president of AKT Development Corp. (a company owned by one of his business mentors, Angelo Tsakopoulos) in 1984. In 1986, Angelides founded his own land development company, River West. Angelo Tsakopoulos, Angelides' former business partner, has been a major campaign donor to California office-holders, who, together with Angelides as chair of the California Democratic Party in the early 1990s, disbursed millions of dollars to Democratic candidates. Tsakopoulos has donated over $3,200,000 to Angelides' campaigns beginning in 1993 and for the 2006 gubernatorial race, Tsakopoulos has donated $3,750,000 to Mr. Angelides with his daughter, Eleni Tsakopoulous-Kounalakis donating $1,250,000.
Angelides' development firm, River West, is most known for their development in a floodplain called Laguna West, which is located outside Sacramento in Elk Grove, California. Laguna West was one of the first developments designed along the principles of New Urbanism. For this project, as well as his history of promoting New Urbanism, Angelides was honored with a Lifetime Achievement Award from the Congress for the New Urbanism on June 11, 2005.
Read more about this topic: Phil Angelides
Famous quotes containing the words real, estate and/or development:
“The real enemy can always be met and conquered, or won over. Real antagonism is based on love, a love which has not recognized itself.”
—Henry Miller (1891–1980)
“The difference between de jure and de facto segregation is the difference open, forthright bigotry and the shamefaced kind that works through unwritten agreements between real estate dealers, school officials, and local politicians.”
—Shirley Chisholm (b. 1924)
“I’ve always been impressed by the different paths babies take in their physical development on the way to walking. It’s rare to see a behavior that starts out with such wide natural variation, yet becomes so uniform after only a few months.”
—Lawrence Kutner (20th century)