INDUSTRY news
CalSTRS Wringing Risk from Real Estate Portfolio
By Jon Peterson CalSTRS, the second-largest public pension fund in the United States, is directing changes to its real-estate investment policy that will...
CalPERS Endures $4.2 Billion Quarterly Loss in Real Estate
By Jon Peterson The California Public Employees’ Retirement System lost $4.2 billion of value in its real-estate portfolio during the second quarter of...
CalPERS, CalSTRS Big Investors in New Private Equity and Real Estate Fund
By Jon Peterson California’s two largest public pension systems have committed $900 million to the latest commingled investment fund of Menlo Park-based GI...
Broadreach To Raise Third Fund
By Sharon Simonson Broadreach Capital Partners, the Palo Alto real estate investment company founded in 2002 by former executives of the hugely successful...
Bay Area Real Estate ‘Legend’ Bill Wilson Says Opportunity Will Come
By Sharon Simonson Hold on and raise money. Such is the advice to his fellows in the commercial real estate industry from William...
Apartments Prove Anchor in the Storm
By Sharon Simonson Investor demand for large, institutional quality apartments in the core Bay Area is outstripping supply, pushing capitalization rates below 6.5...
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...