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Old 05-21-2013, 05:50 PM
 
2,963 posts, read 6,262,190 times
Reputation: 1578

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Prospective Kings owners buying Downtown Plaza - Business - The Sacramento Bee

Quote:
Prospective Kings owners buying Downtown Plaza
By Tony Bizjak, Dale Kasler and Ryan Lillis
tbizjak@sacbee.com
Published: Tuesday, May. 21, 2013 - 2:16 pm
Last Modified: Tuesday, May. 21, 2013 - 4:05 pm
The San Francisco company that bought Downtown Plaza last year for a rock-bottom price is now selling it to the soon-to-be owners of the Sacramento Kings.

Local developer Mark Friedman, a member of the group buying the Kings, told The Sacramento Bee today his group is purchasing the mall site - except the independently owned Macy's store at the west end - from JMA Ventures.

JMA Ventures bought the mall for $21.7 million from Westfield Co. just last fall. Friedman, who said his group has "a contract to purchase the site," did not reveal the purchase price. JMA President Todd Chapman issued a statement Tuesday afternoon confirming the sale, and saying that JMA will continue to operate the plaza.

Read more here: Prospective Kings owners buying Downtown Plaza - Business - The Sacramento Bee
What say you wburg and bluevo? You guys packing your bags yet? Things look like they are moving forward at a rapid pace, you guys better get out of town before the dirt starts flying and the cranes start surfacing over downtown plaza.
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Old 05-21-2013, 06:03 PM
 
Location: SW MO
23,593 posts, read 37,475,357 times
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Quote:
Originally Posted by Majin View Post
Prospective Kings owners buying Downtown Plaza - Business - The Sacramento Bee

What say you wburg and bluevo? You guys packing your bags yet? Things look like they are moving forward at a rapid pace, you guys better get out of town before the dirt starts flying and the cranes start surfacing over downtown plaza.
Or hang around to see how long it takes to become merely another downtown giant hole in the ground like "your" last skyscraper venture.
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Old 05-21-2013, 06:19 PM
 
8,673 posts, read 17,280,905 times
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Why exactly should we bother to leave, Majin? Am I not part of your crew anymore?
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Old 05-21-2013, 07:02 PM
 
6,904 posts, read 8,271,145 times
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Looks promising, I'm glad that JMA sold and is staying on board to provide their expertise. The national media is jumping on the success bandwagon - they are supporting the success of the Sacramento community, its Mayor and City Council. I'm hearing a lot of support for small markets, the other NBA owners, and Stern's leadership.
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Old 05-21-2013, 08:50 PM
 
Location: San Diego (Unv Heights)
815 posts, read 2,699,116 times
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Quote:
Originally Posted by Curmudgeon View Post
Or hang around to see how long it takes to become merely another downtown giant hole in the ground like "your" last skyscraper venture.
LOL. touché
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Old 05-22-2013, 12:28 AM
 
Location: Northern California
979 posts, read 2,093,797 times
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Conflicting reports. According to Sac Biz Journal, Downtown Plaza owners say they won't sell to Kings...uh oh!
http://www.bizjournals.com/sac...


[LEFT]
Read more here: New Kings ownership group to buy Downtown Plaza arena site - Business - The Sacramento Bee
[/LEFT]
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Old 05-22-2013, 08:50 AM
 
2,963 posts, read 6,262,190 times
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Quote:
Originally Posted by pistola916 View Post
Conflicting reports. According to Sac Biz Journal, Downtown Plaza owners say they won't sell to Kings...uh oh!
http://www.bizjournals.com/sac...


[LEFT]
Read more here: New Kings ownership group to buy Downtown Plaza arena site - Business - The Sacramento Bee
[/LEFT]
The article says "cannot be confirmed", bad title by bizjournal.
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Old 05-22-2013, 09:26 AM
 
8,673 posts, read 17,280,905 times
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Sounds like the arena developers have a bad case of premature confirmation...first Cake, now JMA!
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Old 05-22-2013, 02:43 PM
 
1,321 posts, read 2,652,209 times
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An issue of wording: Words clarify deal in works for Downtown Plaza for Sacramento Kings arena - Sacramento Business Journal
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Old 05-22-2013, 03:12 PM
 
2,963 posts, read 6,262,190 times
Reputation: 1578
Yup I was right, they already changed the title of the original article.
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