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...
SunCal Cuts Housing, Ups Commercial for Former Alameda Air Station
By Jessica Saunders
SunCal Cos. has proposed building about 1,200 fewer homes at Alameda Point after a bruising electoral defeat Feb. 2 of its proposed exemption to city density limits...
