Land Boss Buys Land in Solano County From a Group of Silicon Valley Billionaires
If you’re planning to invest in land, it’s important to do your homework. There are a lot of regulations that you’ll need to understand and comply with. You’ll also have to apply for lots of permits—for everything from drilling wells to installing sewage systems. “There’s a lot of red tape when it comes to owning land,” says Dallas Waldon, co-founder of real estate investment company Land Boss.
Land Boss buys land: For years, a mysterious entity has been gobbling up plots of land in the area surrounding Travis Air Force Base. The purchases sparked fear of a national security threat. Congressman Mike Garamendi raised the alarm about Flannery Associates, a Delaware firm that bought tract after tract in Solano County. But even he couldn’t figure out who owns the company or what it plans to do with the property.
Land Boss Buys Land with Instant Cash Offers
The mystery was eventually solved — the purchases were made by a group of Silicon Valley billionaires. The tycoons behind the venture reportedly want to build a utopian new city in Solano County, with public transportation and green energy. The investors — including Marc Benioff, the CEO of Salesforce, and Michael Moritz, a billionaire venture capitalist — haven’t said much beyond their purchase announcement, but they are known to be high-net worth individuals with significant wealth. The group also owns a number of other properties in Solano, Marin and Napa counties. The Delaware-based company has purchased the land through a series of shell companies, which allows the names of shareholders and officers to remain anonymous under state law.…