CalPERS’ Real Estate Value to Slide Another Year

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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 the last year and is expected to...

New Apartment Construction Thin

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By Sharon Simonson A year ago, parents were unwilling to help pay apartment rents for adult children even if only to get them out of the house. This year, they...

Alameda Point Waits and Waits

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By Jessica Saunders   Nearly 800 acres at the former Naval Air Station Alameda may languish another two years in wait for redevelopment. Irvine-based SunCal Cos. wants to extend a three-year...

CalPERS Expands Real Estate Consultant Pool

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By Jon Peterson The California Public Employees’ Retirement System has more than tripled the size of a standing pool of real-estate consultants from 10 to 32, though it has not...

Cupertino’s Cypress Hotel Note Trades at Discount

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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 acquiring title via deed in lieu of...

Loan on Mission Bay Offices Sold at Deep Discount

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By Jon Peterson A $90 million construction loan on the 500 Terry Francois office building in the Mission Bay district of San Francisco has been sold to a private-equity group...

555 Washington Developer Dealt a Blow

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By Jessica Saunders The San Francisco Board of Supervisors reversed the planning commission’s approval of the Environmental Impact Report for 555 Washington St., a proposed 430-foot, 38-story condominium tower near...

CalPERS Changes Multi-Family Investment Policy

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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 committee meeting. According to pension fund...

CalSTRS Re-Ups with PCCP

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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 PCCP to recapitalize a former Lehman Brothers...

SunCal Cuts Housing, Ups Commercial for Former Alameda Air Station

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By Jessica Saunders SunCal Cos. has proposed building about 1,200 fewer homes at Alameda Point after a bruising electoral defeat Feb. 2 of its proposed exemption to city density limits...

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