CalPERS
CalPERS Allocates $500MM for Life Science Relationship with DivcoWest
By Jon Peterson On the heels of increasing its commitment in the multifamily real estate market, the California Public Employees Retirement System has made...
CalPERS to Beef up West Coast Apartment Portfolio with Two New Commitments Totaling $732MM
By Jon Peterson As interest in West Coast housing properties continues, institutional-grade investors are looking for ways to increase their footprint across the coastal...
CalPERS Puts $800MM into Blackstone’s BioMed Life Science Fund
By Jon Peterson The life science sector has been the darling of the commercial real estate industry over the last eighteen months, and...
CalPERS Reports Preliminary 21.3% Investment Returns for Fiscal Year 2020-21; Strong Returns Trigger Reduction in Discount Rate to 6.8%
Sacramento, Calif. – CalPERS today reported a preliminary 21.3% net return on investments for the 12-month period that ended June 30, 2021. CalPERS assets...
Longfellow Acquires Two Buildings in San Mateo for $155MM
By Vladimir Bosanac After just a couple of months on the market, a San Mateo property has found a willing buyer at nearly...
Rubicon Raises $150MM for Institutional Commingled Fund with Focus on Northern California
By Jon Peterson San Francisco-based Rubicon Point Partners is shoring up investor commitments for acquisitions in Northern California and the Pacific Northwest. The company...
Rubicon Offers up for Sale Two Buildings in San Mateo, Pricing Could Reach $160MM
By Jon Peterson San Francisco-based Rubicon Point Partners has placed on the market for sale two office buildings that are part of the...
CIP Buys Cabot Business Park in Hayward for $33MM
By Jon Peterson Irvine-based CIP Real Estate has closed on the acquisition of the Cabot Business Park in Hayward. The purchase price paid...
Rubicon Point Partners Targets $250MM Capital Raise for Commingled Fund to Invest in Bay Area and Pacific Northwest
By Jon Peterson San Francisco-based Rubicon Point Partners is now out in the market raising capital for its commingled fund known as Rubicon First...
CalPERS Allocates $1.75B of New Capital to Bay Area-Based Real Estate Managers
By Jon Peterson Looking to expand its allocation of investment funds across a number of real estate asset classes, California Public Employees Retirement...
Pacific Urban Residential Buys Burlingame Apartment Complex for $108MM
By Jon Peterson Palo Alto-based Pacific Urban Residential has acquired the 138-unit Skyline Terrace Apartments in Burlingame for $108 million, or around $782,608...
Sack Properties adds Peter Casey to San Francisco Apartment Investment Firm
By Jon Peterson Sack Properties has hired Peter Casey as a managing director to join the company’s office in San Francisco, according to...
