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CREJ News

Mar. 2, 2010

More States Turn to Commercial Properties for Cash

By ALEX VEIGA AP Real Estate Writer LOS ANGELES - Political cynics often joke about statehouses being for sale to the highest bidder.

By ALEX VEIGA

AP Real Estate Writer

LOS ANGELES - Political cynics often joke about statehouses being for sale to the highest bidder. These days, that's not far from the truth.

State and local governments throughout the nation are grappling with budget shortfalls and some are eyeing their office high-rises, prisons and even capitol buildings as assets to be sold or mortgaged for some fiscal relief.

In recent wee...

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