Bids are swarming in for the 1M SF Chet Holifield Federal Building site. Now, the General Services Administration has extended an auction for the iconic facility in Laguna Niguel.
Since the auction began on June 5, a total of at least 72 offers have been made for the property at 24000 Avila Road, driving the price to nearly $152M—more than twice the starting price for the auction, which was supposed to end on July 31.
On Monday, four more offers arrived, upping the ceiling by $1.2M to $151.8M, the Orange County Register reported. The GSA said it will continue to accept bids for the 91-acre site of the federal facility until 6 p.m. on August 27.
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