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By Bob Shallit, The Sacramento Bee, Calif. Knight Ridder/Tribune Business News
Oct. 2--1-ACRE STATE PLOT SELLS FOR $3.45 MILLION AT SECOND AUCTION: That Caltrans parcel downtown suddenly has become a hot commodity.
In a new auction -- mandated by a protest of the way an earlier one went down -- a local development team has secured the odd-shaped, 1-acre lot with a bid of $3.45 million.
"A lot of money," says Dain Domich, a principal with the Sacramento development firm Separovich Domich Real Estate that teamed with Ravel and Rasmussen Properties on the winning bid.
The parcel, a park-like triangle at Second Street and Capitol Mall, …