CalPERS May Sell Land Holdings in Wake of 31% Loss

Bloomberg reported this week that CalPERS may sell part of its $2 billion in residential land holdings after the investments lost 31 percent last year (Yikes) amid falling home prices and forecasts of further declines.  Morgan Stanley is going to help the pension fund (the largest in the U.S.) decide what to do.  Take a read.


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Rev & Tax

Tuesday, July 22, 2014 - 11:22

The Rancho Cordova council voted yesterday to place a sales tax measure before residents on the November ballot. The tax, if approved by voters, would raise the city’s tax by half a cent.

Legal

Wednesday, July 23, 2014 - 11:21

The Bell saga continues as former Mayor George Cole was sentenced today to 180 days of home confinement. The judge also ordered Cole to perform 1,000 hours of community service.

Special Reports

Thursday, July 10, 2014 - 11:25

A special guest editorial from John Quintanilla, Member, Board of Trusteee at Rosemead School District