INDUSTRY news
CalSTRS Puts $400MM in Real Estate
Jon Peterson The California State Teachers’ Retirement System has approved investments totaling $400 million to three real estate investment funds as part of...
Battery Bets on Buildings
Sharon Simonson Clean tech meets real estate Sept. 15 at Stanford Faculty Club where Battery Ventures sponsors “Spotlight on Smart Building Technology,” an...
AREA Buys First Bay Area Apartments
Jon Peterson New York City-based AREA Property Partners, the former Apollo Real Estate Advisors, has paid $59.6 million in cash for a 422-unit...
Apple Submits Written Application to City for New Campus Development
Sharon Simonson Apple Inc. has at long last filed its formal application with the city of Cupertino to build its new headquarters, dubbed...
CalPERS to Allocate $200 Million to Emerging Managers
Jon Peterson Real estate investment managers new to the world of institutional capital will get a crack at landing funds from the largest...
Cupertino Hotel Sells Again
Jon Peterson Boston-based AEW Capital Management has put the 224-room Cypress Hotel in Cupertino on the market after acquiring it roughly a year...
Union Pension Money Funds San Francisco Housing
Jon Peterson The Washington, D.C.-based AFL-CIO Housing Investment Trust is betting long on San Francisco: With the completion of a $70 million loan...
CalSTRS Eyeballs Public Securities, Core Assets
Jon Peterson The board of the California State Teachers’ Retirement System is expanding the pension fund’s permissible real estate investment options in a...
Alameda County Pension Board Puts $25MM in Urban Real Estate
Jon Peterson The Alameda County Employees’ Retirement Association has approved a $25 million commitment for the CIM VI Urban REIT Fund, a new commingled...
Pension Fund Blesses Millions in Real Estate Investments
Jon Peterson The California State Teachers’ Retirement System has approved $665 million worth of real property purchases, the vast majority—all but $140 million—aimed...
Burlingame Seeks Housing, Retail Construction
Sharon Simonson The city of Burlingame is seeking developer interest in the remake of 20 city-owned parking lots as part of a larger...
Market Change Led Investor to Sell 500 Terry Francois Well Before Plan
By Jon Peterson When Houston-based Lionstone Group bought the note secured by San Francisco’s 500 Terry Francois Blvd. in April 2010, it had...