California State Buildings will not be sold

Governor Brown has successfully stopped the sale of state buildings to try and give temporary relief to the State’s budget crisis.

Thank heavens.

It was a short-sighted and expensive plan that would have blown the budget not too far down the road.

Here’s the SFGate Story.

An investor interested in trophy properties stepped up and bid a little over the reduced price.

Pricing a 10 unit investment building on Nob Hill for sale was a challenge, given that the it was substantial, well-located and more than five units, which affecting financing. When the building didn’t sell after the first 40 days, a… Read more “An investor interested in trophy properties stepped up and bid a little over the reduced price.”