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Office High-Rise Near California Capitol Sells for $130 Million

Joint Venture Buys 18-Story Emerald Tower
The office building at 300 Capitol Mall in Sacramento, California, last sold in June 2007. Photo: CoStar
The office building at 300 Capitol Mall in Sacramento, California, last sold in June 2007. Photo: CoStar

A joint venture of a local investment company and a Native American tribe based in Auburn, California, bought the 18-story Emerald Tower in downtown Sacramento, California, for $127 million, in an area where high-rise office sales have been hitting records.

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