Caltrain Slides Closer To Big Service Cuts

By Sharon Simonson The Caltrain governing board is expected to declare a fiscal emergency for the beleaguered commuter-rail service at a March 3 board meeting. Such a declaration would allow...

CalPERS Recommits to Real Estate

By Jon Peterson CalPERS could invest as much as $1.5 billion in commercial real estate next year, up from a fraction of that sum in the previous 12 months as...

BRE Apartments Building, Buying

By Sharon Simonson San Francisco-based apartment owner BRE Properties Inc. told analysts it did not expect to buy nearly as much in 2011 as it did last year because prices...

Industrial Giant To Span Globe, Bay Area

By Sharon Simonson The merged AMB Property Corp. and ProLogis company would own and manage close to 19 million square feet of Bay Area industrial property, according to research from...

Capmark Puts Silicon Valley Office Portfolio on the Market

By Jon Peterson Horsham, Penn.,-based Capmark Financial Group Inc. is selling a portfolio of eight Silicon Valley office and research and development buildings that it took back from a borrower...

Broadreach Defaults on Mountain View Property Loan

By Sharon Simonson Union Bank has filed a notice of default regarding a more than $60 million mortgage against a prominent Mountain View office park owned by Palo Alto real...

San Francisco SoMa Building Listed for Sale

By Sharon Simonson A private, Denver-based real estate company with business interests in the transportation and energy sectors has listed for sale a 93,000 square-foot office building in San Francisco’s...

Commercial Lenders Nibbling At the Edges

By Sharon Simonson   Commercial real estate property lenders are back in the market, but their attention is selective and their demands are great. While interest is high in lending money,...

CalPERS Drops BlackRock as Apartment Manager

By Jon Peterson Eighty-five hundred employees in 24 countries were not enough to allow asset-management behemoth BlackRock Inc. to hang on at the California Public Employees’ Retirement System. CalPERS announced Oct....

TMG Partners Makes the Grade

By Jon PetersonSan Francisco-based TMG Partners has survived a review of investment managers by the California Public Employees' Retirement System. CalPERS, the largest public pension fund in the country,...