AREA Buys First Bay Area Apartments

Jon Peterson New York City-based AREA Property Partners, the former Apollo Real Estate Advisors, has paid $59.6 million in cash for a 422-unit apartment portfolio in San Francisco. It is...

Union Pension Money Funds San Francisco Housing

Jon Peterson The Washington, D.C.-based AFL-CIO Housing Investment Trust is betting long on San Francisco: With the completion of a $70 million loan to Emerald Fund Inc., the union pension-fund...

Burlingame Seeks Housing, Retail Construction

Sharon Simonson The city of Burlingame is seeking developer interest in the remake of 20 city-owned parking lots as part of a larger mission to exploit the value of city...

Acacia Beats Two Dozen Bidders for San Ramon Apartments

By Sharon Simonson A San Ramon apartment complex located near Bishop Ranch, the massive East Bay business park that is home to the Chevron Corp., has sold to a San Mateo-based...

Barker Pacific, Partners Buy A.F. Evans Affordable Apartments

Sharon Simonson A venture that includes San Francisco’s Barker Pacific Group Inc. has acquired the general partner interests in 20 multifamily properties—half in the San Francisco Bay Area—from the bankruptcy...

More Pile Into Bay Area Apartments

By Jon Peterson Chicago-based multifamily-property owner Waterton Residential plans to grow its San Francisco Bay Area footprint with the recent closing of its $500 million Waterton Residential Property Venture XI. The...

New Apartment Construction Thin

By Sharon Simonson A year ago, parents were unwilling to help pay apartment rents for adult children even if only to get them out of the house. This year, they...

Alameda Point Waits and Waits

By Jessica Saunders   Nearly 800 acres at the former Naval Air Station Alameda may languish another two years in wait for redevelopment. Irvine-based SunCal Cos. wants to extend a three-year...

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...

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...