San Diego’s Center Gets the Big City Treatment

Posted by on Jan 7, 2016 in Blog | No Comments

Luxury condos, new hotels and upscale restaurants are appearing in San Diego’s burgeoning downtown district as residents explore a new pursuit: walking A 41-story luxury condo building is on the rise. Boasting a screening room, a swimming pool and a boat-share program, its 215 units will soon be going on the market at prices starting […]

Residential Land Trades in French Valley

Posted by on Aug 5, 2015 in Blog | No Comments

MURRIETA, CA—Lee & Associates has completed the sale of approximately 161.33 acres located in French Valley near Murrieta. The property was recently approved for 269 residential lots. The property is located in the Temecula Valley School District, the highest rated school district in Riverside County. The site is accessed from Calistoga Drive, Promontory Parkway, and […]

2015 is finally the year of the home construction boom

Posted by on Jun 17, 2015 in Blog | No Comments

Permits for new construction are at a post-crisis high. There are many important sectors of the U.S. economy, but you can make a good case that real estate is the most important. Housing is an essential good for all Americans, but more than that, residential investment has historically driven us into and out of recessions. […]

Cost Advantages Allow You to Pay More for Land

Posted by on May 14, 2015 in Blog | No Comments

By John Burns May 13, 2015 I learn the most when others tell me I am wrong. At a recent roundtable I moderated for 20 Washington, DC regional home building and development executives, we were discussing the challenges private builders face competing with public builders for land. The following chart shows the difficulty of buying […]

Shift in Land Sellers Tells the Story of Land Values

Posted by on Mar 30, 2015 in Blog | No Comments

Bank sales down significantly. When 60% of the land was being sold by banks, as was the case in early 2011, we advised our clients to buy aggressively in the better locations. Today banks represent only 6% of the residential land sales (as of 4th quarter 2014), and most of the bank activity is occurring […]

Will Builders Hit Pay Dirt Buying Land?

Posted by on Mar 30, 2015 in Blog | No Comments

Encouraged by recent financial results and prospects for the housing market to pick up from last year’s slow going, some top builders are stepping up the pace of land buying. They’ll have to pay more than they used to — in a year when several builders have warned they’re facing profit-margin pressures — but they […]

Carlsbad Land for Potential Residential Project Sells for $4.15 Million

Posted by on Mar 5, 2015 in Blog | No Comments

Developer Integral Communities of Newport Beach has purchased a 10.46-acre land parcel in Carlsbad for $4.15 million, with plans for a 200-unit multi-family residential project, according to brokerage company Lee & Associates, which represented the buyer. The seller of the property, near the intersection of Palomar Airport Road and Palomar Oaks Way, was Hamann Co., […]

10 reasons the housing market could go ballistic this spring

Posted by on Feb 27, 2015 in Blog | No Comments

The U.S. housing market could get a major boost this year, specifically for single-family homes—especially among first-time buyers. Here’s why. I’m guessing here. My forecasts aren’t any better than anyone else’s, so don’t trade on this. But my gut is telling me that the U.S. housing market could go ballistic this spring, specifically for single-family […]

Vista trying to strike housing balance

Posted by on Feb 19, 2015 in Blog | No Comments

VISTA — After years of stagnant development in a city with little vacant land, Vista is seeing a surge of apartment and condo projects along its main — and in many cases blighted — corridors. That’s mostly good news, the City Council agreed this week. The goal is focus that growth in commercial areas and […]

Why 2015 Will Be the Year of the Builder

Posted by on Jan 26, 2015 in Blog | No Comments

By Ben Miller, Co-Founder & CEO, Fundrise | Commentary Posted on Now, those same borrowers can secure loans for 75% to 85% of the total project at four to eight percent interest rates, dramatically cutting the cost of borrowing by nearly two thirds. And this trend will stretch far beyond single-family home development. We […]