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/

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LA – Selling Fast

As the end of 2012 approaches, the Los Angeles infill residential market continues to see increasing momentum in both new home sales and demand for new land development.

Much of the demand for new projects in the Los Angeles basin stems from the steady flow of new home sales at projects throughout the county.  In particular, there are several townhome projects in the San Gabriel Valley including Azusa, Baldwin Park and Covina that have seen absorption rates in the four to six units per month range.  In Northeast Los Angeles, Pulte’s Mosaic, Heyday’s Buzz Court look to be on pace to selling out around the New Year, while Williams Homes Olive Glen project in the South Bay was named the fastest selling community in the southland.

Buyer demand for new attached or detached homes is triggering, both builders and developers, to get more aggressive when it comes to land deals. Many are even considering B and C locations. While there is not a significant supply of developed lots available in the infill markets, our team is beginning to see progressively more tract map and permit applications being processed in many cities. Through our vast database Land Advisors avidly tracks deals that are being processed and approved, allowing us the ability to tailor information to meet any acquisition criteria.  Whether it’s 5, 50 or 200 units you are looking for we can guide you to deals that meet your specific goals and needs.

Buyer Demand has triggered both builders and developers to get more aggressive for land deals.

Related Article:

http://ourweekly.com/los-angeles/olive-glen-called-fastest-selling-new-home-community-southland

Source: Chris Gomez-Ortigoza, Marketing Consultant, (626) 378-9840 x14

Warm Weather and Hot Rents in LA

As we begin to approach the fall, you can bet the weather will cool down but the apartment market will continue its hot streak. The Los Angeles Infill Team has been paying close attention to apartment rental trends and has seen favorable signs for continued rent growth.

Apartment rental rates in Los Angeles continued on their strong path of growth as seen in year-over-year data in the second quarter 2012. Average rents for all types of rental units increased 5.3%. The biggest surprise may be the average YOY growth seen in both two and three bedroom townhome units. Rents in two bedroom townhome units increased an average of 13.8%, while rents in three bedroom townhome units increased 17.2%. Townhome and three bedroom units have seen a large boost in pricing as many families displaced by foreclosure try to find units large enough to accommodate them. Several buyers, including investors and developers, are paying close attention to these statistics and are pushing to purchase properties with the ability to build and rent townhomes then convert them to condominiums as the for-sale market improves. Average occupancy rates have continued to tick upwards and touched 95.5% in Q2 2012 for metro Los Angeles.

These are strong signs keeping the search for apartment land deals atop the list of many builders and developers. The Los Angeles Infill Team at Land Advisors recently transacted on a rental townhome project and has a handful of other apartment deals under contract. Our team is well versed in the local rental market and eager to discuss available and active apartment projects.

For further questions and information, please contact Chris Gomez-Ortigoza, Tim Barden or Richard Byrd at (626) 376-9840.

The following news articles highlight the strength of the rental market in Los Angeles and throughout Southern California.

http://www.nbclosangeles.com/news/local/Rents-on-the-Rise-Across-Southern-California-147394535.html

http://www.zoliath.com/commercial-real-estate-blog/2012/09/12/los-angeles-apartment-market-set-for-significant-growth/

Source: Chris Gomez-Ortigoza, Marketing Consultant

Window of Opportunity in Ventura County

Land Advisors’ Ventura County Team (comprised of Michel Faris, Randy Coe, and Richard Byrd) are pleased to offer an exciting new listing in the Ventura County submarket. The new ±8-acre listing, known as Northbank Meadows is a rare multi-family development opportunity in the highly desirable yet extremely supply constrained City of Ventura.

Historically, homes within Ventura County are highly sought after by homebuyers because of the County’s easy-going, high-quality beach lifestyle, in addition to its proximity to L.A. County job centers. Longstanding development constraints have kept Ventura County from over-development.  Amid the slow growth, land values in the submarkets are holding steady and homebuilders and developers are taking another glance at opportunities in the area as the macroeconomic environment improves.

County Home Sales Up; Median Price Falls via VCStar.comVentura County home sales increased slightly last month, while median prices continued to drop despite record-low mortgage rates… DataQuick reported that 561 homes sold in Ventura County in January — an increase of 2% compared with the same time last year. The sales include new homes and resold single-family homes and condos.  DataQuick also reported the median price of homes in Ventura County at $322,500, a 7.9% decrease compared with the same time last year. Read more

Source: Michel Faris, Marketing Consultant, (949) 852-8288 x14

Los Angeles’ Big Idea: the Small Lot Subdivision

Angelenos are faced with many tough questions when deciding to buy a home.  Most will ask…  How bad is the commute to work?  What amenities are close by?  Is the HOA affordable?

According to the Los Angeles Economic Development Corporation, more than half of a million people commute more than 60 minutes each way to jobs in Los Angeles County every day.  This includes commuters traveling into Los Angeles from Ventura, Orange, Riverside and San Bernardino Counties.  Many of these commuters work in areas with high job concentrations, including Downtown, Long Beach and West L.A.  For a long time, a large supply of new and affordable single family homes could be found only in the peripheral areas, far from the Los Angeles job centers. 

In 2005, the City of Los Angeles adopted the Small Lot Subdivision Ordinance, which allows for a new style of dense, fee simple homes, closer to the jobs and amenities of the Los Angeles core. 

Land Advisors’ L.A. Basin Urban Infill Team is currently involved in several small lot subdivision projects throughout Los Angeles and sees a tremendous increase in interest from builders, developers and home buyers for the product.  The projects vary in style from Spanish style contemporary to sleek, modern designs.  In addition to the variety of product, many subdivisions are located within 15 minutes of Downtown, Hollywood, Dodger Stadium, Staples Center, job centers and other entertainment venues. 

Echo Park Small Lot Subdivision

A somewhat unnoticed, but extremely beneficial aspect of the small lot subdivision is the lack of a Homeowners Association.  Many HOA fees in Los Angeles exceed $300 per month, while a typical small lot subdivision project has no fee or a maintenance fee under $100 per month.  This is an additional $200+ per month which could translate to more than $40,000 during the course of a 30-year mortgage. 

As the Small Lot Subdivision popularity gains momentum, Land Advisors continues to track newly permitted projects and sales data for active communities.  For more details about the small lot subdivision ordinance, developable sites and how active projects are selling, please contact Land Advisors’ L.A. Basin Urban Infill Team.

Source: Chris Gomez-Ortigoza, Marketing Consultant, (626) 376-9840 ext. 14

Question for West Riverside Co. in 2012: Where are the Sellers?

In 2010 and 2011, a majority of the land sales were driven by financial institutions that were in a distressed position to move land holdings off their books. The majority of the buyers for these properties in 2010-2011 were speculative investors that had a 3-5 year business plan before selling.  Now that the financial institutions have sold through most of these distressed assets in West Riverside, the question to investors, developers and homebuilders is who now is in a position to sell?

LAO – West Riverside Current Projects: Land Advisors’ West Riverside Team is tracking a number of off-market projects that it expects to transact on this year. The Team just secured a high profile mixed-use listing in the City of Riverside that it hopes to bring to market in the next 30 days. 

2012 Land Activity: On January 18th, 318 acres of unimproved land in the City of Corona sold at the Court House steps to a land investor.

Source: Mitch Casillas, Marketing Consultant, (949) 852-8288 x23