Ziggurat Fails to Garner Bid in Month-Long Auction

The seven-story, pyramid-shaped Chet Holifield Federal Building in Laguna Niguel, California— commonly known as the Ziggurat—and surrounding land did not receive any bidders by an April 12 deadline, after being open to auction for over a month.
The 89-acre property and 1 million square foot Ziggurat building had a minimum starting bid of $70 million.
But according to the U.S. General Services Administration, an agency that manages federal property, there were a few conditions that may have kept away potential bidders, including federal workers who currently occupy the building be allowed to stay until the end of the year; the city of Laguna Niguel would have to approve any redevelopment of the property and that, as a historic landmark, the look of the building could not be changed….