The Southern California company at the center of Sonoma County’s latest effort to sell its former hospital site along Chanate Road specializes in multipurpose development, and brings a group of real estate heavy hitters with a track record of major builds.
Sonoma County supervisors on Oct. 13 selected Newport Beach-based Village Partners’ $7.8 million bid to buy the county’s 72-acre Chanate Road property, setting in motion a 60-day period to review the details. Barring unforeseen circumstances, both sides have circled Dec. 31 as the date to close the deal for the property to finally change ownership.
However, for a county that has faltered amid negotiations to offload the property to three previous potential buyers, the deal seems far from done, especially, some local leaders said, given Village Partners’ unfamiliarity with the problematic property.
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