California Business Minute™

The California Redevelopment Association, CRA provides legislative
advocacy, professional development and public education.  In support
of its members it responds to legislative proposals and administrative
regulations.

For further information, contact us www.calredevelop.org or at 916-448-8760

Hi, I am Tim Johnson and welcome to the California Business Minute.

Stat of California office buildings are up for sale.

In June, Governor Schwarzenegger directed the sale of properties in Los
Angeles, Oakland, Sacramento, San Francisco and Santa Rosa to raise in
excess of $661 million.

The state’s Department of General Services awarded the contract to CB Richard
Ellis Group to sell the buildings.  CBRE was picked from six bidders for the
contract.  The state plans to sell the office buildings during the first half
of 2010 and then enter into long term lease with the new owners.

The buildings for sale are as follows:

•Attorney General building, Sacramento
•California Emergency Management Agency, Sacramento
•Capital East End Complex, Sacramento
•Elihu M. Harris building, Sacramento
•Franchise Tax Board campus, Sacramento
•Earl Warren/Hiram Johnson Center, San Francisco
•Junipero Serra building, Sacramento
•Justice Building, Sacramento
•Public Utilities Commission building, San Francisco
•Judge Joseph A. Rattigan building, Santa Rosa
•Ronald Reagan building, downtown Los Angeles

The Capitol Building is not up for sale – yet.

I am Tim Johnson and this has been the California Business Minute.