SACRAMENTO-A deal proposed by California Gov. Arnold Schwarzenegger to sell 11 office properties for an amount of $2.3 billion has died out. The governor's request to process the deal was denied by a group of temporary justices set up by California's Supreme Court.
Controversy over the transaction was heated up when the state announced its plan to sell the holdings to a venture that includes Texas-based Hines and Antarctica Capital Real Estate LLC. For the full story, go to Wall Street Journal.
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