The one-sleepy government town is attracting a rush of buyers and flurry of development near its Golden 1 Center, a new NBA arena that opened last year. Boasting an $8 million Jeff Koons sculpture, it is the only indoor/outdoor NBA arena that is 100% solar-powered. – SACRAMENTO KINGS
Price cuts have been replaced by bidding wars. Downtown Sacramento is flush with urban-renewal projects. A luxury condo tower with penthouses priced over $4 million is under construction. Sacramento, Calif., long seen as a fairly bland government town, is in the midst of a real estate boom.
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