Tuesday, February 19, 2019

Sacramento County Puts BlackRock on Watch List

By Jon Peterson Sacramento County Employees’ Retirement System has retained Atlanta-based Mercer Investment Consulting to review its portfolio of real estate investments under the management of BlackRock Inc. “There was a...

Texas Pension Fund Commits $75MM to Stockbridge

By Jon Peterson The Texas Municipal Retirement System has approved a $75 million commitment to the Stockbridge Value Fund, a commingled real estate investment vehicle managed by San Francisco’s Stockbridge...

Westcore Plans Upgrades In Union City

By Jon Peterson San Diego-based Westcore Properties expects to invest $2.5 million in a Union City distribution center for which it paid $13 million, or $76 a square foot. The three-building, multitenant...

J.P. Morgan: Better Early Than Late for Spec Development

By Jon Peterson New York City-based J.P. Morgan Asset Management, the money source behind Tishman Speyer Properties’ grand office plans for San Francisco, has its fingers crossed that by being in...

Star Grubb Broker Wrangles for Special Deal in Bankruptcy Case

By Sharon Simonson Grubb & Ellis Co. superstar broker Daniel Cressman has negotiated an agreement that should allow him to receive a more than $3.2 million commission payment directly from landlord...

INNSight Buys Yosemite Hotel

By Jon Peterson San Francisco-based INNSight Hospitality Group has acquired the 80-room Shilo Inns & Suites at 40644 Highway 41 in Oakhurst at the gateway to Yosemite National Park. The $6.4 million...

Five-Year RREEF Forecast Favors Bay Area

By Jon Peterson & Sharon Simonson Tenant interest in San Francisco’s wildly popular South of Market may be eclipsing the appetite for the city’s traditional central business district, but it will...

Grubb Brokers File to Appeal Judge’s Sale Order

By Sharon Simonson Two groups of brokers, including several brokers who do business in the Bay Area, have filed notices of appeal in federal bankruptcy court objecting to a judge’s order...

Tahoe Ritz-Carlton Looks to Catch Bay Area Hospitality Buzz

By Sharon Simonson A $300 million Ritz-Carlton hotel and condominium development in Lake Tahoe is expected to sell for less than a third its development costs. Colorado-based developer East West Partners and...

San Francisco Council of ULI Loses Leader

By Sharon Simonson Kate White, a seminal figure in the development of the San Francisco District Council of the Urban Land Institute, has left her longtime employer to join the Great...