CCSTUDIO: How to build in release mode?

Part Number: CCSTUDIO
Other Parts Discussed in Thread: MSPM0G3507

I am using CCS 21 for MSPM0G3507. When importing a project, I cannot find an option to switch between Debug and Release configurations. I would like to confirm if a Release mode exists by default, or if I have to create the configuration manually.

My second question: is it possible to create a new project and specify its save location? At present, all my projects are placed under the workspace_ccstheia directory.