The City of Oakland has struck a deal to sell the city's share of the Oakland Coliseum property to a local Black development group for at least $105 million.
The Coliseum was home to the departing Oakland Athletics, which are temporarily moving to West Sacramento until its ballpark is built in Las Vegas.
The sale to the African American Sports & Entertainment Group will lead to the creation of a proposed sports and entertainment destination site and new affordable housing for East Oakland.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
