Finance
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...
CalPERS, Hines Take Another Real Estate Hit
By Jon Peterson The largest public pension fund in the country and a former trailblazer for other U.S. pension funds has sold a...
CalPERS Hires Quality Control
By Jon Peterson The California Public Employees’ Retirement System is hiring a former real estate portfolio manager to fill a new position created...
CalSTRS’ Real Estate Portfolio Drops 2.3 Percent in Third Quarter
By Jon Peterson The California State Teachers’ Retirement System has reported a $327 million loss for its real estate portfolio during the third...
CalSTRS Wringing Risk from Real Estate Portfolio
By Jon Peterson CalSTRS, the second-largest public pension fund in the United States, is directing changes to its real-estate investment policy that will...
CalPERS Endures $4.2 Billion Quarterly Loss in Real Estate
By Jon Peterson The California Public Employees’ Retirement System lost $4.2 billion of value in its real-estate portfolio during the second quarter of...
CalPERS, CalSTRS Big Investors in New Private Equity and Real Estate Fund
By Jon Peterson California’s two largest public pension systems have committed $900 million to the latest commingled investment fund of Menlo Park-based GI...
Broadreach To Raise Third Fund
By Sharon Simonson Broadreach Capital Partners, the Palo Alto real estate investment company founded in 2002 by former executives of the hugely successful...
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...
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...
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...