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The 24 buildings being offered, including two in L.A., are drawing global investors. The sale is also being criticized for the loss of long-term capital assets in favor of short-term gains.

Efforts to sell 24 state office buildings have drawn lots of interest from potential buyers -- as well as the ire of some former public officials who labored to get them built years ago in the belief that public ownership of the buildings would bring long-term financial benefits to taxpayers.

They seek to punish ex-CEO Bruce Karatz, but also to improve the record of a massive stock-options crackdown that so far has yielded few convictions.

Two months after the federal government's criminal cases against Broadcom Corp.'s top executives collapsed, the U.S. attorney's office is taking aim at another stock-options backdating target: former KB Home chief Bruce Karatz.

Depressed apartment market attracts adventurous investors

It's a cold winter for apartment investors in Los Angeles County: Rents are down, prices have fallen and vacancies are way up.

A gracious old Montecito home, familiar to viewers who regularly watched the opening credits of the late '60s television comedy series "The Ghost & Mrs. Muir," has come on the market.

Newly built in Cheviot Hills

Simple strategies for paying off your mortgage sooner and reducing expenses.

There are dozens of ways to make your housing investment pay off faster and at a greater return. In some cases, a small extra outlay may be required, sometimes every month, but the added expense is often pocket change when compared to the available savings.

Sampras lists Lake Sherwood home for $25 million.

Tennis great Pete Sampras and his wife, actress Bridgette Wilson-Sampras, have listed their newly built compound in Lake Sherwood for $25 million.

Yves Didier has been a strong believer in earthquake insurance since the 1994 Northridge quake, when his apartment building was severely damaged and some of his neighbors lost their lives.

The rate, which has hovered around that mark since September, fell to 4.97% this week from 5.05% last week.

The typical rate offered by lenders on 30-year mortgages slipped back below 5% this week, Freddie Mac said Thursday.

The National Assn. of Realtors index of deals under contract fell to 90.4 from 97.8 in December. It's 12.3% higher than January 2009.

In another sign that the U.S. housing recovery might be on a shaky foundation, the number of homes placed under sales contract fell 7.6% in January, according to a national index.