Broadreach Defaults on Mountain View Property Loan
By Sharon Simonson
Union Bank has filed a notice of default regarding a more than $60 million mortgage against a prominent Mountain View office park owned by Palo Alto real...
Opponents Vow Appeal to San Francisco Judge’s Ruling to Allow $2.3 Billion State Building...
By Sharon Simonson
The state of California is free to proceed with the $2.33 billion sale of 11 office buildings under an order that was to be signed by state...
San Francisco SoMa Building Listed for Sale
By Sharon Simonson
A private, Denver-based real estate company with business interests in the transportation and energy sectors has listed for sale a 93,000 square-foot office building in San Francisco’s...
San Francisco Superior Court to Hear Challenge to State Buildings Sale
By Sharon Simonson
A lawsuit opposing the $2.3 billion sale of 11 state buildings to a Hines company partnership has its first hearing at 11 a.m. Nov. 22 in San...
Commercial Lenders Nibbling At the Edges
By Sharon Simonson
Commercial real estate property lenders are back in the market, but their attention is selective and their demands are great. While interest is high in lending money,...
BioMed: New South San Francisco Properties’ Yield Approaches 10 Percent
By Jon Peterson
San Diego-based BioMed Realty Trust anticipates higher than 9 percent cash-on-cash initial return from its $298 million South San Francisco acquisition of two life-science properties.
Kent Griffin, president...
CalPERS Drops BlackRock as Apartment Manager
By Jon Peterson
Eighty-five hundred employees in 24 countries were not enough to allow asset-management behemoth BlackRock Inc. to hang on at the California Public Employees’ Retirement System.
CalPERS announced Oct....
TMG Partners Makes the Grade
By Jon PetersonSan Francisco-based TMG Partners has survived a review of investment managers by the California Public Employees' Retirement System. CalPERS, the largest public pension fund in the country,...
CalPERS Evaluates Future of CalSmart Investment Program
By Jon Peterson
CalPERS, the country’s largest public employees retirement system, may be abandoning a real estate investment vehicle at the heart of a decade-long thrust to acquire urban real...
CalPERS’ Real Estate Value to Slide Another Year
By Jon Peterson
The multi-billion-dollar real estate investment portfolio held by California’s huge public pension fund has dropped an additional 16 percent in the last year and is expected to...
