The investors who won the contract to buy 24 state office buildings have sued the state.
California Gov. Jerry Brown has dropped a plan to sell 24 state government buildings to private investors.
Gov. Arnold Schwarzenegger has made a last-minute plea to the California Supreme Court to allow the sale of state office buildings to proceed.
A state appeals court in San Jose shortened its deadline Thursday for receiving written arguments on whether it should continue a stay blocking the $2.3 billion sale of 11 state buildings.
SAN JOSE (CBS 5) — A state appeals court on Monday afternoon granted a stay that temporarily stops the sale of 11 state properties to a group of private investors, so that a lawsuit challenging […]
A San Francisco judge has issued a preliminary ruling that would allow the sale of 11 state properties to go through.
The state Public Works Board voted 3-2 Monday to retire the bonds on several state-owned office buildings, paving the way for California to sell property as a way to raise cash quickly in a deal that analysts warn could cost taxpayers in the long run.