The 33-storey tower for 301 Capitol Mall project is reportedly worth over $500m. :
California Public Employees’ Retirement System (CalPERS) has hired Hines to replace CIM Group as its new manager of a development which will become the tallest office building in Sacramento. In a brief statement, the $380bn pension fund said it has engaged Hines as its new manager of the Sacramento Venture real estate partnerships, which include the 301 Capitol Mall project.