Real Estate/Development
Dec. 14, 2010
Judge Declines to Issue Injunction Blocking Massive State Building Sale
The action comes despite mounting charges that the deal would benefit politically connected insiders at the expense of California taxpayers and that other investor groups offered more cash than the winning bid.
Daily Journal Staff Writers
A San Francisco judge ruled Friday to allow Gov. Arnold Schwarzenegger's controversial sale of 11 state-owned office properties to private investors for $2.3 billion.
The action comes despite mounting charges that the deal would benefit politically connected insiders at the expense of California taxpayers and new disclosures that other investor groups offered more upfront cash tha...
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