INDUSTRY news
Bidders for State Buildings Wait, Wonder
By Sharon Simonson Real estate investors who sought to acquire 11 state of California office buildings say they are watching with interest an...
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...
Opponents Vow Appeal to San Francisco Judge’s Ruling to Allow $2.3 Billion State Building Sale
By Sharon Simonson The state of California is free to proceed with the $2.33 billion sale of 11 office buildings under an order...
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...
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...
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...
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...
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...
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...
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...
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...
New Apartment Construction Thin
By Sharon Simonson A year ago, parents were unwilling to help pay apartment rents for adult children even if only to get them...