State Fund has big plans for Vacaville office - San Francisco Business Times:

State Fund has big plans for Vacaville office - San Francisco Business Times:: "San Francisco Business Times - October 23, 2006
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State Fund has big plans for Vacaville office
San Francisco Business Times - October 20, 2006
by Chris Rauber

The State Compensation Insurance Fund has two huge real-estate projects in the works that ultimately will plant 2,000 employees in Vacaville and Pleasanton.

State Fund is proposing to build a 430,000-square-foot office complex in Vacaville to house more than 1,200 employees in coming years, and separately has purchased 321,000 square feet in Pleasanton's Hacienda Business Park, according to Vacaville officials and State Fund spokesman Jim Zelinski. The Pleasanton deal, which closed last spring, cost an estimated $78 million, according to real estate sources.

'We're doing this to ultimately reduce our long-term real estate costs and (to help with the) long-term recruitment and retention of employees,' Zelinski told the Business Times. He stressed, however, that State Fund will keep its headquarters in San Francisco, 'and have a significant presence here.'

The company -- the state's largest workers' compensation insurance carrier -- plans to"