INDUSTRY news
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...
CalPERS Reconfigures Huge Industrial Portfolio
Jon PetersonIn December, the California Public Employees’ Retirement System replaced longtime partners LaSalle Investment Management as the overseer of nearly $2 billion in...
Acacia Beats Two Dozen Bidders for San Ramon Apartments
By Sharon Simonson A San Ramon apartment complex located near Bishop Ranch, the massive East Bay business park that is home to the Chevron...
Bristol Attracts $120 Million of New Capital for Commingled Funds
Jon Peterson San Francisco-based Bristol Group has received $120 million in new capital commitments from pension funds for two of its commingled investment...
Barker Pacific, Partners Buy A.F. Evans Affordable Apartments
Sharon Simonson A venture that includes San Francisco’s Barker Pacific Group Inc. has acquired the general partner interests in 20 multifamily properties—half in...
SF Market Street Building Near Twitter Up For Grabs
Jon Peterson The California State Compensation Insurance Fund has put its downtown San Francisco headquarters up for sale. The 1275 Market St. property...
California Teachers Looks for New Fund Managers
Jon Peterson The California State Teachers’ Retirement System is seeking proposals from real estate fund managers to oversee up to $1 billion or...
Bay Area Retail Leads National Recovery
Sharon Simonson San Francisco and the South Bay are among the top 10 healthiest retail markets in the nation, according to a new...
More Pile Into Bay Area Apartments
By Jon Peterson Chicago-based multifamily-property owner Waterton Residential plans to grow its San Francisco Bay Area footprint with the recent closing of its...
CalSTRS Allocates $400M to Senior Housing and Industrial
By Jon Peterson The California State Teachers’ Retirement System is going long on the old. The second-largest public employee retirement plan in the...