North San Diego County Completes the $1.15 Million Sale of Future Multi-Family Development Site

Posted by on Nov 2, 2016 in Blog | No Comments

NATIONAL CITY, CA—October 31, 2016 Lee & Associates, one of the largest national commercial real estate firms, has completed the sale of nearly one acre of vacant land in National City. The South San Diego County multi-family residential site, consists of two parcels located at 130 E 31st Street and 48 E 31st Street. The […]

North San Diego County Completes the $4.76 Million Sale of Vacant Land in Vista

Posted by on Sep 22, 2016 in Blog | No Comments
North San Diego County Completes the $4.76 Million Sale of Vacant Land in Vista

VISTA, CA—September 13, 2016— Lee & Associates, one of the largest national commercial real estate firms, has completed the $4,760,000 sale of a residential development site, located at 1405 Ridge Road in Vista, California. A tentative map for a 31 lot residential subdivision was fully approved prior to the sale. Planned lots range in size […]

Though Deal Volume Is Declining, CRE Transactions In All Sectors Still Surpassed $100B In Q2

Posted by on Sep 14, 2016 in Blog | No Comments
Though Deal Volume Is Declining, CRE Transactions In All Sectors Still Surpassed $100B In Q2

Transaction volume across the five asset classes within commercial real estate declined in Q2, continuing a downward trajectory. In a recent report, Ten-X said total deal volume for the five sectors reached $101.2B in Q2—a 12.7% decline compared to the year-ago quarter. “Deal flow is down pretty much across the board in all the property […]

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., […]