When John Salmon became director of...

When John Salmon became director of asset management for the state of California, common of the first items he petition fored was a complete list of the state's real estate holdings.

To his surprise, no similar list existed. There are 40 state departments that exercise a control over real estate. If you wanted to know the state's holdings in San Francisco, you literally had to call each the same of those departments," Salmon recalled.

The experience marked Salmon's initiation into the unwieldy realm of state control A veteran of private real estate evolution Salmon was ...