INDUSTRY news
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...
Alameda Point Waits and Waits
By Jessica Saunders Nearly 800 acres at the former Naval Air Station Alameda may languish another two years in wait for redevelopment....
CalPERS Expands Real Estate Consultant Pool
By Jon Peterson The California Public Employees’ Retirement System has more than tripled the size of a standing pool of real-estate consultants from...
Cupertino’s Cypress Hotel Note Trades at Discount
By Jon Peterson Boston-based AEW Capital Management has taken ownership of the 224-room Cypress Hotel in Cupertino by buying the property mortgage and...
Loan on Mission Bay Offices Sold at Deep Discount
By Jon Peterson A $90 million construction loan on the 500 Terry Francois office building in the Mission Bay district of San Francisco...
555 Washington Developer Dealt a Blow
By Jessica Saunders The San Francisco Board of Supervisors reversed the planning commission’s approval of the Environmental Impact Report for 555 Washington St.,...
CalPERS Changes Multi-Family Investment Policy
By Jon PetersonCalifornia Public Employees’ Retirement System will be considering an investment policy change for rent-regulated multi-family housing at its April 19th investment...