INDUSTRY news
Palo Alto Developer Losing $340 Million Bet With CalPERS Money
By Sharon Simonson Palo Alto developer Page Mill Properties and CalPERS, its equity partner, may lose control of more than 1,700 apartments acquired...
Court Receiver Takes Control of Page Mill Properties
By Sharon Simonson A San Mateo County Superior Court has appointed a Pacific Palisades real estate company to act as receiver in the...
Finalists For NASA Development To Be Announced
Four teams seek master developer status for $900 million campus By Sharon Simonson Four large, well-known development teams with a span of experience...
San Francisco Contractor Completes $5 Million of Work on Pier
By Sharon Simonson The ongoing renovation of San Francisco’s 100-year-old Pier 40 has taken one step closer to completion. General contractor BCCI Construction...
Office Market Tumble Accelerating
The rate at which vacancy is climbing doubled in the first half compared to 2008 By Sharon Simonson Nearly 40 million square feet...
Stimulus Money to Bring $1 Billion for California Affordable Housing by Year End
But Bay Area captured little in first funding round By Sharon Simonson A logjam that has stalled new affordable housing projects statewide is...
Pinebrook West & Kerley Drive Sell
By Sharon Simonson Two medium-sized apartment complexes in San Jose and Fremont have sold, according to brokerage CB Richard Ellis Group Inc. Pinebrook...