Facebook Inc. has been searching for land in Menlo Park to build housing, Palo Alto Online reports.The company recently failed in a bid to buy lots owned by the city on Hamilton Avenue.Facebook (NASDAQ: FB) must create 15 new homes or pay $4.5 million in in-lieu fees, according to an agreement tied to its plans for a new office complex.That complex, dubbed an "office in a forest" at 312 and 313 Constitution Drive would include a 433,555-square-foot building on top of approximately 1,540 parking…Read More... [Source: Residential Real Estate News - Residential Real Estate News Headlines | Bizjournals.com]
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