Palo Alto Developer Losing $340 Million Bet With CalPERS Money

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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

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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

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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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