Leaders in commercial real estate development

(This spotlight on major commercial developers is comprised of companies and their leadership that have undertaken major projects in the North Bay. They are listed first by county and then alphabetically by company.)


Click here for photo gallerySONOMA COUNTYLarry Wasem, Managing General Partner, Airport Business Center

414 Aviation Blvd., Santa Rosa 95403; 707-578-5344; www.airportbusinesscenter.com

North Bay project: Airport Business Center phase 7, Windsor -- the latest expansion to the 463-acre business park has 17 acres of industrial land.

Located near Charles M. Schulz--Sonoma County Airport north of Santa Rosa, Airport Business Center is the North Bay's largest business park. Larry Wasem and Richard Coombs started the park, and the other holdings include the 50 Old Courthouse Square office building and two movie theaters in downtown Santa Rosa as well as golf courses in Windsor and Petaluma.

Airport Business Center has about 30 acres left to develop, 9.5 of which are in a 17-acre new phase of the development. Occupants of the new phase already are DuMol and Marcassin wineries and retailer Tractor Supply Co.

There are several large and small prospects for the remaining land, but deals are even slower to consummate than before, according to Mr. Wasem.

"In general, we were disappointed to see the economy slow again toward the end of the second quarter," he said. "However, we still feel very good about our ability to deliver product. We have great lending relationships."Matt White, President and CEO, Basin Street Properties

1383 N. McDowell Blvd., Ste. 200, Petaluma 94954; 707-795-4477; www.basin-street.com

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