CalPERS to acquire towers project

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US - The California Public Employees' Retirement System (CalPERS) has agreed a property deal with local developer John Saca to acquire his interest in the Towers high rise project.

The action follows Saca’s notification that he will not exercise his option to acquire CalPERS’ interest in the Towers project. Ted Eliopoulos, senior investment officer for real estate at CalPER...

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