Sacramento Kings Score Land For $447M Arena Complex

Law360, New York (January 24, 2014, 1:32 PM EST) -- The Sacramento Kings announced late Thursday that they have sealed up a deal with a private equity-backed joint venture to take over a large shopping plaza that stands in the way of the team's $447 million arena plans, hours before planning authorities renewed efforts for a special zoning district.

Working through shell company Sacramento Business Holdings LLC, the Kings agreed to purchase a large indoor shopping mall known as Sacramento Downtown Plaza from a joint venture of JMA Ventures LLC and a unit of private equity...
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