CalPERS Takes Huge Hit to RE Portfolio
November 11, 2009
CalPERS has taken a huge hit to its real estate portfolio according to The Registry.
At the end of March, the pension fund placed a net-asset fair-market value on its real estate holdings of $17.6 billion. Three months later, the retirement system said the value had fallen by nearly a quarter to $13.4 billion.
Amongst those losses [...]
MacFarlane Quits CalPERS; Stockbridge In
October 23, 2009
Through the first quarter of 2009, CalPERS placed net-asset fair-market value of $854.4 million on the portfolio of California Urban Investment Partners LLC. The portfolio’s quarterly returns were negative 24.2 percent; its one-year return was negative 40.3 percent.
…
MacFarlane now has no relationship with CalPERS. As recently as December 2007, MacFarlane was a major advisor to [...]
NVIDIA Hurting; Real Estate Superstition Holding True
July 6, 2008
In Silicon Valley, it’s often joked amongst commercial real estate professionals that once a company starts making a foray into owning its real estate, things tend to go downhill for the company. Past examples have included Palm, 3Com, and Yahoo (they bought 50-acres in Santa Clara for a campus development that is currently on hold). [...]
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