The document discusses three separate topics: 1. Reconstructing California hospitals to meet seismic standards could cost $50 billion or double that amount when financing costs are included, according to a hospital consultant. 2. The Haas School of Business at UC Berkeley will provide customized training to 60 Norwegian oil executives over three years, teaching courses in Norway, California, and internationally. 3. Real estate investment firm Invesco acquired the retail and parking components of the Beacon residential complex in San Francisco's Mission Bay neighborhood for $62 million.

1. BY CHRIS RAUBER
crauber@bizjournals.com
Seismic reconstruction of many of the state’s hos-
pitals will cost much more than even the $50 billion
or so now envisioned, health-care experts say — per-
haps even twice as much.
The direct cost, whether it’s $50 billion, $60 bil-
lion or more, will likely double when interest and
other financing expenses over 30 years are included,
according to Wanda Jones, a longtime hospital con-
sultant and now president of San Francisco’s non-
profit New Century Healthcare Institute, which is
studying related topics.
BY STEVEN E.F. BROWN
sebrown@bizjournals.com
Berkeley business faculty have
been chosen to offer customized
training to 60 Norwegian oil exec-
utives, highlighting the school’s
increasing interest in a lucrative,
but competitive, educational niche.
Faculty from the Haas School
of Business and the Civil &
Env ironment al Engineering
department at the University of
California, Berkeley, will teach 20
Statoil managers a year for three
years, meeting every quarter for a
week — twice at Berkeley, once in
Stavanger, Norway, where Statoil
is based, and once in “the field,”
a country like Russia, Angola or
Nigeria. Statoil, a $60 billion com-
pany, has been moving from the
politically tranquil Norwegian con-
tinental shelf into other, politically
fractious areas of the world.
Whitney Hischier, assistant
Bringing home the Beacon
State hospital bill
jumps $50 billion
on finance costs
BEACON SHINES: New retail owner.
SPENCERBROWN
BY J.K. DINEEN
jkdineen@bizjournals.com
Invesco Real Estate is placing a big
bet on the heart of Mission Bay, acquir-
ing the retail and parking components
of the Beacon condo complex for an esti-
mated $62 million, according to real
estate sources.
Dallas-based Invesco is buying from
Centurion Real Estate Partners the
commercial center of the burgeoning
neighborhood: 82,000 square feet of
key retail along King, Townsend, Third
and Fourth streets. Tenants include a
Borders bookstore, a Safeway gour-
met market, a Wells Fargo bank and a
Starbucks. The transaction also includ-
ed 950 parking spaces.
The deal comes 15 months after
Centurion Real Estate Partners landed
the former struggling Mission Place
from Catellus for $346 million and set
about converting largely vacant — and
in some cases unfinished — rental units
into 595 condominiums. The condo con-
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sanfrancisco.bizjournals.com
Top colleges
take class act
to companies
Feeling
no pain
BY ADRIENNE SANDERS
asanders@bizjournals.com
O
ne of San Francisco’s most unusual
emerging companies is taking the
handcuffs off its business and whip-
ping up growth as fast as it can.
Kink.com, a 9-year-old porn production
studio, has breathless plans to expand its
portfolio of web sites, open a subsidiary in
Europe, start work on its first feature film,
Quake fix may top $100B
SPENCERBROWN
See COLLEGES, 50
See HOSPITALS, 49
See NO PAIN, 49
Fetishes fuel growth
for porn maker
TOOLS OF THE
TRADE: Kink.com
CEO Acworth.
Invesco shops at Mission Bay, bags $62M retail center
Hischier
Haas School makes grade as customized training travels abroad
See BEACON, 51