INDUSTRY news
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...
CalSTRS Re-Ups with PCCP
By Jon Peterson The California State Teachers’ Retirement System has invested $15 million in a $105.5 million follow-on fund raised by money manager...
SunCal Cuts Housing, Ups Commercial for Former Alameda Air Station
By Jessica Saunders SunCal Cos. has proposed building about 1,200 fewer homes at Alameda Point after a bruising electoral defeat Feb. 2 of...
SunCal Cuts Housing, Ups Commercial for Former Alameda Air Station
By Jessica Saunders SunCal Cos. has proposed building about 1,200 fewer homes at Alameda Point after a bruising electoral defeat Feb. 2 of...