INDUSTRY news
AEW Looks to Grow Bay Area Portfolio
By Jon Peterson A Boston-based pension-fund manager that paid all cash late last year to buy a San Jose neighborhood shopping center...
Behringer Harvard Gets New Funding Round For Apartments
By Jon Peterson Texas-based real estate investor Behringer Harvard has secured $100 million in new equity from Dutch pension funds to buy U.S....
Apple Expanding, Again
By Sharon Simonson Cupertino-based Apple Inc. is pursuing $65 million in tenant improvements at three interconnected buildings on Vallco Parkway in its home...
CalPERS, Hines Take Another Real Estate Hit
By Jon Peterson The largest public pension fund in the country and a former trailblazer for other U.S. pension funds has sold a...
CalPERS Hires Quality Control
By Jon Peterson The California Public Employees’ Retirement System is hiring a former real estate portfolio manager to fill a new position created...
CalSTRS’ Real Estate Portfolio Drops 2.3 Percent in Third Quarter
By Jon Peterson The California State Teachers’ Retirement System has reported a $327 million loss for its real estate portfolio during the third...
UCLA Economist: State Unemployment to Remain High in 2010, 2011, But Bay Area Should Suffer Less
By Sharon Simonson California’s unemployment rate likely will stay in the double digits for the next two years with no new net employment...
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...