Building on the success of raising equity and debt for homebuilders and land developers, the Principals of Landmark Capital, previously Land Advisors Capital of California, are pleased to announce a new appointment and a corporate rebranding to reflect our expanded focus into the commercial sector. This broader platform is:
- Adept at complicated transactions including entitlement, ground-up construction, partnership recapitalizations and adaptive re-use projects
- Highly experienced at raising and structuring equity from a diverse array of sources, including difficult to access HNW and family office investors
Join us in welcoming David Kidder as managing director, joining Steve Sims and Adam Deermount as part of our corporate expansion.
SAN DIEGO NEWSLETTER 3rd Quarter 2014
The San Diego market remains strong in Q3 2014. Coastal prices for lots and homes are at or near record highs. All indications are for continued strength for the foreseeable future based on strengthening job growth and low-interest rates.
New Home Trends
San Diego County currently has 57 actively selling communities with a majority (33%) of the units being offered as attached product. Of the 21 builders in the San Diego market, Standard Pacific and Shea Homes each have 9 actively selling communities making them the most active builders. Sales per month are averaging 2.74 per development. The average price per square foot is $285. Average square feet is 2,810.
To view the entire San Diego Newsletter click on the following link: San Diego Newsletter 3rd Quarter 2014
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The Arantine Hills master-planned project in the City of Corona continues to move closer to reality. The project went under contract with The New Home Company in the 4th quarter of 2013 and is expected to close in December of this year. The New Home Company entered a joint venture with Tricon Capital Group, a Canadian real estate investment company, to provide acquisition financing and develop the community. They intend to re-plan and re-entitle the 276-acre project to include 1,300 homes, parks, and open space. They expect to break ground in 2016 to begin selling lots and new homes.
LAO is looking forward to a successful consummation of the transaction with The New Home Company and are very pleased in their efforts to develop this exciting new community in Corona.
Wall Street Journal
May 9, 2014 (Irvine, California) – The California Division of the Land Advisors Organization is pleased to announce the closing of Oak Knoll, a premier hillside development opportunity featuring 167 acres in Oakland, California. The asset sale was brokered on behalf of LV Oak Knoll LLC, the Seller, by Terry Ruckle and Steve Reilly of the Land Advisors Organization.
Land Advisors generated 20 offers for the property, evidence of intense competition for Bay Area residential development projects.
The Oak Knoll property is unique in the market due to its ability to provide desperately-needed new single-family homes, significant natural open space, trails and parks, and direct access to Interstate 580 at Mountain Boulevard. With its in-fill location, the Oak Knoll property is well-positioned to provide a wide range of housing options to the East Bay Area. Oak Knoll offers one of the rarest residential development opportunities remaining in the Western United States.
For more information about Oak Knoll, please contact Terry Ruckle, Co-Founding Principal and Oak Knoll Marketing Team Lead, at firstname.lastname@example.org or Steve Reilly, Senior Marketing Consultant, at email@example.com. For more information about Land Advisors Organization, please visit http://www.landadvisors.com or contact Tom Reimers at (949) 852-8288 ext. 28.
About Land Advisors Organization:
Land Advisors Organization specializes in innovative land brokerage through deep market insight and unparalleled client relationships. With an exclusive focus on land, Land Advisors Organization integrates current comprehensive information, cutting-edge technology and geographically specialized professionals to help our clients identify and capitalize on valuable opportunities in all kinds of economic environments. The Land Advisors Organization employs a true collaborative brokerage model with offices located throughout Arizona, California, Florida, Idaho, Nevada, New Mexico, Utah and Texas.
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Ever heard of someone saying “when things are on a roll…enjoy it while it lasts, ‘cause it never does.” Well, I guess you could apply the same logic to interest rates.
Looking at how the tear land values have been in the last 12 months, it seems things are starting to cool off and the industry is taking a collective breath. When the Federal Reserve Chairman speaks and hints at future actions regarding interest rates, the market is clearly listening. In case anyone missed it, interest rates have risen for the better part of 100 basis points since May causing new home sales to slow and robbing buyers of purchase power, which illustrates that the housing recovery is still fragile and changes need to be addressed delicately as we move forward. That being said, I think home buyers are realizing that low-interest rates will not last forever and they should engage while they can.
Source: Ryan Long, Senior Marketing Consultant, (916) 784-3329 ext. 16