Commercial
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...
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...
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...
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...
UCLA Economist: State Unemployment to Remain High in 2010, 2011, But Bay Area Should Suffer Less
By Sharon Simonson California’s unemployment rate likely will stay in the double digits for the next two years with no new net employment...
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...
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...
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...
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...
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...
San Francisco Contractor Completes $5 Million of Work on Pier
By Sharon Simonson The ongoing renovation of San Francisco’s 100-year-old Pier 40 has taken one step closer to completion. General contractor BCCI Construction...
Office Market Tumble Accelerating
The rate at which vacancy is climbing doubled in the first half compared to 2008 By Sharon Simonson Nearly 40 million square feet...