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 Globest.com 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 […]

Home lots on San Clemente in Vista sold

Posted by on Dec 29, 2014 in Blog | No Comments

The 6.54-acre parcel of vacant land at 2495 San Clemente Ave., Vista, has been sold for $1.38 million, cash. The buyer was Galey Homes Inc., 171 Saxony Road, Suite 101, Encinitas 92024. The sellers of the property (assessor’s parcels 178-070-79 through 88) were Bruce C. Smith and Lynn A. Kraft-Smith, trustee of the Lynn A. […]

Shearwater Creek Land Sold for $4.7M

Posted by on Dec 1, 2014 in Blog | No Comments

ColRich Acquires 7.1 Acres for 140-Unit Multifamily Development Original Post: Rey Williams / CoStar.com Ambient Communities, Inc. sold 7.08 acres at 29015 Pujol St. in Temecula, CA to ColRich for $4.7 million. The deal includes two parcels of R4-zoned land. The site is approved and mapped for 140 multifamily units. The buyer intends to break […]

Zephyr Partners Gets a 550-Unit Unentitled Site

Posted by on Sep 22, 2014 in Blog | No Comments

MURRIETA, CA—An assignee of Zephyr Partners, a San Diego-based real estate development and investment company, has purchased 25.37 acres in Murrieta. The plans are to develop a multifamily site of approximately 550 apartment units. The land parcel is located on Meyers Lane and Los Alamos Road and had no entitlements at the close of escrow. […]