OAKLAND-The Port of Oakland has sold four prime properties appraised at $18.5 million to private developer for $17.2 million as part of a larger development project.

SAN FRANCISCO-Following the sudden resignation of San Francisco Redevelopment Agency President Michal Foriest Settles, the Board of Supervisors unanimously approved a new president.

SAN FRANCISCO-AMB Property's Pier One redevelopment project was the recipient of the Urban Land Institute's 2001 Award for Excellence in small-scale rehabilitation. AMB restored the historic site with many modern improvements.

SAN FRANCISCO-Vanessa Washington will join Catellus as senior vice president and general counsel. She "brings a tremendous amount of public company and real estate experience to Catellus," says company chairman and CEO Nelson Rising.

HAYWARD, CA-Impax Laboratories Inc. plans to build a $15.9 million manufacturing plant. The firm bought a 50,000-sf building for $4.9 million, and will reconstruct it to suit its needs.

SACRAMENTO-Mark Anson stepped into his new role following a California Public Employees Retirement System board meeting in Sacramento this week. Daniel Szente, the previous CIO, resigned to take another job.

SACRAMENTO-Stubborn property owners wanted high prices for their parcels on K Street, foiling developer Westfield Corp.'s plans to expand Sacramento's Downtown Plaza two blocks eastward.

SAN FRANCISCO-A title insurance company with several Bay Area locations has been hit with a $1 million fine by the state Department of Insurance for illegally luring new business. It is one of the largest fines in the agency's history.