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Real Estate/Development

Dec. 7, 2010

More Opposition to State's Buildings Sale

Opposition to Gov. Arnold Schwarzenegger's plan to sell and then lease back a massive portfolio of state-owned office properties to private investors for $2.3 billion continued to mount last week.


By Anna Scott


Daily Journal Staff Writer


Opposition to Gov. Arnold Schwarzenegger's plan to sell, then lease back a massive portfolio of state-owned office properties to private investors continued to mount last week, as a San Francisco lawyer became the latest plaintiff in a lawsuit seeking to block the transaction.


The $2.3 billion sale, which would constitute one of the largest investment real estate deals in the United States this year...

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