CalPERS

Judge orders release of documents in failed CalPERS real estate investment

Maureen Nandini Mitra, SF Public Press — Sep 15 2010 - 4:13pm

A judge has ordered the California Public Employees' Retirement System to release key documents related to a failed $100 million real estate investment in East Palo Alto. San Francisco Superior Court Judge Charlotte Wollard wrote in her ruling in the lawsuit by the First Amendment Coalition that public interest in the documents "far outweighs any asserted interest in non-disclosure'' given the amount of public money lost.

Lawsuit seeks details on failed $100 million CalPERS investment

Maureen Nandini Mitra, SF Public Press — Jul 23 2010 - 1:53pm

The public has been slow to learn about details surrounding controversial investments made by the California Public Employees’ Retirement System. Now a public-interest legal group is suing CalPERS to ensure key documents related to a failed $100 million investment come to light.

Homebuilder Lennar uses federal taxpayer funds to balance its books

Christopher D. Cook, SF Public Press — Jul 6 2010 - 2:20pm

In 2006, things were looking good for Lennar, America's second-biggest homebuilder. That year, before the U.S. housing market's epic collapse, the Miami-based giant pulled down $15.6 billion in revenues and closed sales on 29,568 homes. The ink was just drying on a massive and potentially lucrative deal to transform Treasure Island with new housing complexes, and the well-connected Lennar already had secured a deal to develop the Hunters Point Shipyard that the Navy was turning over to San Francisco.

Read more...

Syndicate content