Real Estate/Development
Apr. 1, 2011
One State Building Sale Suit Dismissed
The 6th District Court of Appeal has dismissed a lawsuit that sought to stop the sale of 24 state-owned office buildings to private investors.
Daily Journal Staff Writer
The 6th District Court of Appeal dismissed a lawsuit that sought to stop the sale of 24 state-owned office buildings to private investors.
The sale was set up by former Gov. Arnold Schwarzenegger as a way to generate cash to bridge the state's $25 billion budget shortfall, but provoked widespread criticism as a bad financial deal and prompted a lawsuit by two former state building commissioners see...
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