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...

Bank of America Owns Prized North San Jose Location

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By Sharon Simonson Oh, how the mighty do fall. Bank of America has foreclosed on 43 acres in North San Jose once touted as the best remaining corporate-campus development site in...

CalPERS Sees Drop in Core Office and Separate Account Urban Portfolio

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By Jon Peterson A long-time real estate partnership between CalPERS and the Hines company has recorded a $276 million drop in value in a single-quarter of 2009. National Office Partners L.P.,...

CalPERS to End Relationship With LaSalle

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By Jon Peterson The California Public Employees’ Retirement System will terminate LaSalle Investment Management as the overseer of its CalEast Global Logistics account. The public pension fund entered the joint venture...

Apple Expanding, Again

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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

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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

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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

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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...

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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

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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...

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