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California accepts $2.33-billion bid for 24 office buildings

The state will lease back the buildings, two of which are in downtown Los Angeles, for at least 20 years. Hines and Antarctica Capital Real Estate are the buyers.California officials accepted a winning bid Monday of $2.33 billion to sell 24 state office buildings to a consortium of three U.S. investment companies.

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07:00 on October 12 2010

California accepts $2.33-billion bid for 24 office buildings

L.A. Times - News — The state will lease back the buildings, two of which are in downtown Los Angeles, for at least 20 years. Hines and Antarctica Capital Real Estate are the buyers.Californ... more info

Real Estate