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To: BenLurkin
The link wouldn’t open but IIRC the plan is to sell the buildings but then lease them back.
Almost certain to cost the taxpayers more in the long run, IMO

EXACTLY right.

21 posted on 10/12/2010 9:51:42 AM PDT by calcowgirl ("In politics the middle way is none at all." -- John Adams)
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To: All

The PDF linked below is the sales brochure for the properties

11 Office Properties
7.3 Million Sq Ft
20 year sale/leaseback portfolio
3 California markets (L.A., S.F., Sac)

Sheesh - they sold the S.F. Civic Center, The RR Building, and other PRIMO real estate that was near new or recently refurbed. They keep moving further and further toward bankruptcy with their idiotic decisions, saddling the state with future recurring expenses.

http://marketing.cbre.com/Denver/PMC/GoldenState/GSPBRO.pdf


22 posted on 10/12/2010 10:05:47 AM PDT by calcowgirl ("In politics the middle way is none at all." -- John Adams)
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