Closed Land Transaction – 82 Lots within the Alberhill Ranch Master Planned Community in Lake Elsinore

IRVINE, CA, SEPTEMBER 1, 2016 — The Irvine office of Land Advisors Organization, a premier nationwide land brokerage firm, announced today the successful closing of Alberhill Ranch 82 Lots within the Alberhill Ranch Master Planned Community. Alberhill Ranch 82 Lots is located west of Interstate 15 at the southeast corner of Lake Street and Alberhill Ranch Road in the City of Lake Elsinore, Riverside County, California.

Land Advisors Organization brokers R. Jeffrey Spindler, F. Brian Carricaburu, Ian T. Sinderhoff, and Andrew Sinderhoff negotiated the transaction, representing the buyer and seller.

The lots were sold by Castle and Cooke Alberhill Home Building, Inc. and was purchased by KB Home. KB Home is looking to continue the success of its two previous projects within the Alberhill Ranch Community, Terraces I and Terraces II. Alberhill Ranch is a 1,853-acre development with approximately 3,705 residential units and over 600 acres dedicated to open space with walking trails, parks, and schools.

“Affordability has been a primary concern for the public homebuilders in the Inland Empire over the last couple of years. KB Home has been very successful in Lake Elsinore with their Terraces community in Alberhill Ranch. These home sites with excellent views of the lake and surrounding hillsides and generous 6,000 square foot pads will allow them to continue that success. Alberhill Ranch is a premier master-planned community sitting atop the hills north of the lake with an existing pool and recreation center, proposed commercial, and planned elementary school,” said Brian Carricaburu, Founding Principal at Land Advisors Organization.

For additional information regarding this transaction and land trends occurring in the Riverside County area, contact F. Brian Carricaburu: bcarricaburu@landadvisors.com / (949) 656-8002

Garvey Square – Closed Deal in San Gabriel Valley

Garvey Square

July 5, 2016 (Pasadena, California) – The Los Angeles Infill Team of Land Advisors Organization, the nation’s largest real estate brokerage firm focused exclusively on land, is pleased to announce the successful closing of Garvey Square, a 102-unit townhome community in the San Gabriel Valley. The property is located on the northeast corner of Garvey Avenue and Peck Road in El Monte, California.

Land Advisors Organization represented LaTerra Development, LLC, a privately owned real estate investment and development company, in the sale of Garvey Square to TRI Pointe Homes, one of the largest public home builders on the West Coast.

This townhome community will consist of homes ranging between 1,126 and 1,821 square feet. The project also benefits from over 32,000 square feet of common area open space for the enjoyment of future residents.

“As one of the last few infill development sites in this part of San Gabriel Valley, Garvey Square will be a remarkable place for residents seeking to live within close proximity to the economically and culturally vibrant cities of Pasadena, Arcadia, and Downtown Los Angeles. Residents will enjoy access to the best restaurants, shops, employment, and entertainment centers the San Gabriel Valley and Los Angeles have to offer” says Richard Byrd, Senior Vice President at Land Advisors Organization.

For more information about Garvey Square, please contact Richard Byrd x13, Tim Barden x11, or Chris Gomez-Ortigoza x14 at (626)376-9840. For more information about Land Advisors Organization, please visit us at www.landadvisors.com.

The Land Advisors Organization specializes in the innovative brokerage of land and improved property through deep market insight and unparalleled service to owners and consumers of real estate. With an exclusive focus on land-related assets, we integrate comprehensive information, cutting-edge mapping technology and the knowledge and experience of highly 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 in Arizona, California, Idaho, Nevada, New Mexico, Florida, Texas, Utah, and Washington.

Related Links

LA Business Journal

Thank you from Land Advisors Organization California Division!

LandAdvisorsCA1B2014TotalConsiderationClick on image to enlarge

 

Landmark Capital Advisors Announces Expansion and Rebranding

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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.

VIEW PRESS RELEASE HERE

http://landmarkcapitaladvisors.com/

Link

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.

SD Newsletter New Home TrendsTo view the entire San Diego Newsletter click on the following link: San Diego Newsletter 3rd Quarter 2014

Want to receive our San Diego Newsletter every quarter?  Email Katie Spitznagel at kspitznagel@landadvisors.com to be added to the distribution list.

 

Source: David Landes, Marketing Consultant, (858) 568-7428 ext.11 and Devin Jenkins, Marketing Consultant, (858) 568-7428 ext.13

 

Master-Planned Project in the Inland Empire Marketed by LAO Makes Progress for a Year-end Close…

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.

Related links:

Wall Street Journal

The New Home Company Announces Planned Acquisition of Master Planned Community in Southern California

Press Enterprise

Corona housing development back on the drawing board

A Premier In-Fill Development Opportunity Featuring 167 Acres in Oakland Trades Hands in a Red-Hot Bay Area Land Market

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 truckle@landadvisors.com or Steve Reilly, Senior Marketing Consultant, at sreilly@landadvisors.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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