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Offer withdrawn for hospital's vacant property.
By Eric Leach, Daily News, Los Angeles Knight Ridder/Tribune Business News
Feb. 4--SANTA PAULA -- An attorney for the bankrupt Santa Paula Memorial Hospital said Thursday that he will look at options with other developers after one asked to withdraw a $13.1 million bid for a vacant parcel owned by the hospital.
Comstock Homes of Manhattan Beach was the highest bidder for the 16-acre parcel to be developed for housing on the site of bankrupt hospital.
Attorney Jay Michaelson, representing the hospital, said Comstock lowered its bid by a significant amount out of concern about how many acres could be used for housing.
Michaelson said …
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