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Business Journal: Sears, Wong Center, Health Net

Dennis McCoy / Sacramento Business Journal

The Wong Center, a 12 story apartment high-rise at 4th and J streets in downtown Sacramento, was finally sold to a Los Angeles based investment firm after being tied-up in litigation for several years.

Dennis McCoy / Sacramento Business Journal

Jack Robinson from the Sacramento Business Journal tells us about a Los Angeles investment firm buying the Wong Center in Downtown Sacramento for $20 million. Robinson also has news about a real estate listing that appears to show Sears is cutting back its stores in the Sacramento area, questions over whether Health Net employees in Rancho Cordova face layoffs after the company was sold to a competitor and another "toast" restaurant is opening.