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...

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