Finance
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...
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...
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...
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...
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...
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...
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...
CalPERS Sees Drop in Core Office and Separate Account Urban Portfolio
By Jon Peterson A long-time real estate partnership between CalPERS and the Hines company has recorded a $276 million drop in value in...
CalPERS to End Relationship With LaSalle
By Jon Peterson The California Public Employees’ Retirement System will terminate LaSalle Investment Management as the overseer of its CalEast Global Logistics account....
AEW Looks to Grow Bay Area Portfolio
By Jon Peterson A Boston-based pension-fund manager that paid all cash late last year to buy a San Jose neighborhood shopping center...
Behringer Harvard Gets New Funding Round For Apartments
By Jon Peterson Texas-based real estate investor Behringer Harvard has secured $100 million in new equity from Dutch pension funds to buy U.S....
Apple Expanding, Again
By Sharon Simonson Cupertino-based Apple Inc. is pursuing $65 million in tenant improvements at three interconnected buildings on Vallco Parkway in its home...