BioMed: New South San Francisco Properties’ Yield Approaches 10 Percent

By Jon Peterson San Diego-based BioMed Realty Trust anticipates higher than 9 percent cash-on-cash initial return from its $298 million South San Francisco acquisition of two life-science properties. Kent Griffin, president...

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,...

CalPERS Evaluates Future of CalSmart Investment Program

By Jon Peterson CalPERS, the country’s largest public employees retirement system, may be abandoning a real estate investment vehicle at the heart of a decade-long thrust to acquire urban real...

CalPERS’ Real Estate Value to Slide Another Year

By Jon Peterson The multi-billion-dollar real estate investment portfolio held by California’s huge public pension fund has dropped an additional 16 percent in the last year and is expected to...

CalPERS Expands Real Estate Consultant Pool

By Jon Peterson The California Public Employees’ Retirement System has more than tripled the size of a standing pool of real-estate consultants from 10 to 32, though it has not...

Cupertino’s Cypress Hotel Note Trades at Discount

By Jon Peterson Boston-based AEW Capital Management has taken ownership of the 224-room Cypress Hotel in Cupertino by buying the property mortgage and acquiring title via deed in lieu of...

Loan on Mission Bay Offices Sold at Deep Discount

By Jon Peterson A $90 million construction loan on the 500 Terry Francois office building in the Mission Bay district of San Francisco has been sold to a private-equity group...

CalPERS Changes Multi-Family Investment Policy

By Jon PetersonCalifornia Public Employees' Retirement System will be considering an investment policy change for rent-regulated multi-family housing at its April 19th investment committee meeting. According to pension fund...

CalSTRS Re-Ups with PCCP

By Jon Peterson The California State Teachers’ Retirement System has invested $15 million in a $105.5 million follow-on fund raised by money manager PCCP to recapitalize a former Lehman Brothers...