The three buildings and entire acreage legally exist on a single land parcel, which made it difficult to find investors who were interested in both the buildings and the land. To separate the land and buildings into separate parcels would have been too costly, legally complicated and time-consuming.
So Eureka's plans to develop the Herman Miller campus into a business complex have been scrapped.
In Cotati, Monahan Pacific Corp. postponed its plans to develop a $55 million business park. The developer requested an extension for its building permit for South Sonoma Business Park.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- 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
Already have an account? Sign In Now
*May exclude premium content© 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.