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...

CalSTRS Wringing Risk from Real Estate Portfolio

By Jon Peterson CalSTRS, the second-largest public pension fund in the United States, is directing changes to its real-estate investment policy that will increase its exposure to more stable assets...

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...

CalPERS, CalSTRS Big Investors in New Private Equity and Real Estate Fund

By Jon Peterson California’s two largest public pension systems have committed $900 million to the latest commingled investment fund of Menlo Park-based GI Partners. Their collective investment accounts for nearly half...

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...

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...

Court Receiver Takes Control of Page Mill Properties

By Sharon Simonson A San Mateo County Superior Court has appointed a Pacific Palisades real estate company to act as receiver in the management of 1,800 apartments in East Palo...

Stimulus Money to Bring $1 Billion for California Affordable Housing by Year End

But Bay Area captured little in first funding round  By Sharon Simonson A logjam that has stalled new affordable housing projects statewide is easing, bringing hope to the devastated construction sector...