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Palo Alto Developer Losing $340 Million Bet With CalPERS Money

September 9, 20092 Mins read439
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By Sharon Simonson Palo Alto developer Page Mill Properties and CalPERS, its equity partner, may lose control of more than 1,700 apartments acquired since 2006 as part of a more than $340 million play in East Palo Alto. Lender Wells Fargo said late Wednesday that it will seek court approval to appoint a receiver to […]

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