As part of the effort to bridge an estimated $21 billion state budget deficit, Gov. Arnold Schwarzenegger is putting two high-profile Downtown buildings up for sale.

The Ronald Reagan State Building and the Junipero Serra building are among 17 state-owned properties that real estate firm CB Richard Ellis has been contracted to market and sell. Any sale will come with a guaranteed long-term lease to the state, said Eric Lamoureux, a spokesman for the state Department of General Services.

The properties exclusively house tenants that are state agencies. The 16-story, 781,000-square-foot Ronald Reagan building is home to the governor and lieutenant governor’s Los Angeles offices, California Highway Patrol, the Dept. of Insurance and General Services. It is considered to be among downtown’s highest quality office buildings.

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