SACRAMENTO-It would commercial property at higher rates than residential, reassess commercial property more frequently and allow new real estate taxes to be approved by only 55% of voters instead of the currently required two-thirds, says a source in this <b>EXCLUSIVE</b> Q&amp;A.

SAN FRANCISCO-The City's two-year balanced budget, which totals $7.9-billion annually, invests in job creation, growing the local economy and building infrastructure.

LOS ANGELES-In an <b>UPDATE</b> to an earlier story, in connection with the liquidation, TPG will make an equity contribution of approximately $163 million to TPG/CalSTRS.

SOUTHERN CALIFORNIA, CA-The percentage of borrowers in pre-foreclosure has decreased since 2012; while the number of months delinquent has increased in 2013.

REDWOOD CITY, CA-Construction on Lennar Apartment Communities JV build at 601 Main St. is expected to begin in the first quarter of 2014 and be completed in early 2016.

LOS ANGELES-Young professional, Blake Rogers, managing director of Charles Dunn Co., talks multifamily, development and three key principals that are key to “making it in the business in this <b>EXCLUSIVE</b> Q&amp;A with GlobeSt.com.

SAN FRANCISCO-According to Q2 numbers, chairman and CEO, Hamid Moghadam, says the firm is closing out its 10-quarter plan ahead of schedule.

SEATTLE-According to Redfin, tours are down 2% and offers are down 5%, numbers that may be caused the sudden spike in interest rates in June, according to the firm.