Tom Steyer’s Commercial Property Investment Arm Sets Sights on California

Billionaire Tom Steyer’s commercial real estate investment arm is targeting California, according to Bloomberg.com, placing the state in focus for its property investment business.

The Bloomberg.com headline identifies California as a target but does not name the investment arm or specify which parts of the state it is considering.

The supplied report provides no details on property types, investment amounts or a timetable. It also does not identify any individual transactions.

For business readers, the development signals a California focus for a billionaire-linked commercial property investor, although the available information does not establish the scale of its plans.