Monday, December 10, 2018

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 city. The work is the latest expansion by...

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 Maryland office building for more than $50...

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 to ensure the huge pension fund remains...

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 quarter, even as the value of its...

UCLA Economist: State Unemployment to Remain High in 2010, 2011, But Bay Area Should...

By Sharon Simonson California’s unemployment rate likely will stay in the double digits for the next two years with no new net employment generated next year, UCLA Senior Economist Jerry...

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 2009, according to new data released in...

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 Spieker Properties Inc., intends to raise a...

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 “Bill” Wilson III, one of the most influential...

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 since 2006 as part of a more...

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 creating master-planned communities have responded to a request...