Who says that sports facilities don’t spur economic activity? Why, no sooner does the Sacramento Kings arena get sorta kinda maybe approved than people are talking about maybe selling nearby land to each other!
Two notable J Street sites, the historic Fruit Building at Fourth Street and a group of four boarded-up buildings near 10th Street, are either in escrow or in final negotiations for sale, parties involved in the deals say.
The sale of an office building at Seventh and L streets to a national investment company was completed two weeks ago.
Officials say the potential downtown arena was either the spark for the sale in each case, or a key driver in raising the price.