A 6,300-acre ranch in Northern California sold for $16 million. Known as Cloverdale Ranch, the Midpeninsula Regional Open Space District acquired the property from the Peninsula Open Space Trust. Located in San Mateo County, the ranch includes 15 miles of streams and is home to diverse species of wildlife, including bobcats, mountain lions, badgers, steelhead trout, California red-legged frogs, and western pond turtles. More than half of the funding for the sale came from state-issued grants. Palo Alto-based Peninsula Open Space Trust purchased the property in 1997 in an attempt to limit development in the area. It will retain 400 acres, which will be leased for agricultural. Read more HERE.