Finance
CalSTRS Allocates $400M to Senior Housing and Industrial
By Jon Peterson The California State Teachers’ Retirement System is going long on the old. The second-largest public employee retirement plan in the...
CalPERS Recommits to Real Estate
By Jon Peterson CalPERS could invest as much as $1.5 billion in commercial real estate next year, up from a fraction of that...
BRE Apartments Building, Buying
By Sharon Simonson San Francisco-based apartment owner BRE Properties Inc. told analysts it did not expect to buy nearly as much in 2011...
Industrial Giant To Span Globe, Bay Area
By Sharon Simonson The merged AMB Property Corp. and ProLogis company would own and manage close to 19 million square feet of Bay...
Capmark Puts Silicon Valley Office Portfolio on the Market
By Jon Peterson Horsham, Penn.,-based Capmark Financial Group Inc. is selling a portfolio of eight Silicon Valley office and research and development buildings...
Bidders for State Buildings Wait, Wonder
By Sharon Simonson Real estate investors who sought to acquire 11 state of California office buildings say they are watching with interest an...
Broadreach Defaults on Mountain View Property Loan
By Sharon Simonson Union Bank has filed a notice of default regarding a more than $60 million mortgage against a prominent Mountain View...
Opponents Vow Appeal to San Francisco Judge’s Ruling to Allow $2.3 Billion State Building Sale
By Sharon Simonson The state of California is free to proceed with the $2.33 billion sale of 11 office buildings under an order...
San Francisco Superior Court to Hear Challenge to State Buildings Sale
By Sharon Simonson A lawsuit opposing the $2.3 billion sale of 11 state buildings to a Hines company partnership has its first hearing...
Commercial Lenders Nibbling At the Edges
By Sharon Simonson Commercial real estate property lenders are back in the market, but their attention is selective and their demands are...
BioMed: New South San Francisco Properties’ Yield Approaches 10 Percent
By Jon Peterson San Diego-based BioMed Realty Trust anticipates higher than 9 percent cash-on-cash initial return from its $298 million South San Francisco...
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...