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. […]

Global Economic Perspectives Stronger growth will win US housing tug of war

Posted by on Jul 31, 2014 in Blog | No Comments

Published: May 7th, 2014 | Deutsche Bank Research Chair Yellen highlighted housing as a key risk to the outlook in thismorning’s JEC testimony. In our view, the US housing sector finds itself ina tug of war between the down-pull of higher interest rates and the up-pullof a return to more normal levels of construction in […]

TEMECULA VALLEY: Prospect of Vail Lake sale worries recreation enthusiasts

Posted by on Jul 28, 2014 in Blog, Featured | No Comments

BY DAVID DOWNEY / STAFF WRITER Published: July 12, 2014 Updated: July 13, 2014 12:28 p.m. www.pe.com The impending sale of the property concerns some of those who use the lake for recreation, fearing the Rancho California Water District will end such uses. Buck Eilers was bummed when he heard that a Temecula Valley water […]

Recession’s In the Past for Many Metros’ Home Values

Posted by on Apr 23, 2014 in Blog | No Comments

SEATTLE—The National Association of Realtors may be reporting that growth in home prices—including for-sale apartments along with single-family houses—moderated last month, but Zillow is taking a long-term view. Within the next year, Seattle-based Zillow predicts, home values in more than 1,000 US communities will be higher than ever. Although home values nationwide are still 13.5% […]

Small builders poised for big comeback in the new year

Posted by on Jan 13, 2014 in Blog, Featured | No Comments

Quinn Communities anticipates releasing its 26 home community, Riverview Courts in Lakeside, with prices expected to start in the high $300,000s. In January, this respected name in the building industry will also begin sales within The Groves, an enclave of luxury homes beautifully situated in Temecula’s Wine Country. Home prices in The Groves will start […]

Land Surveyors and Development – “What Goes Where and When?”

Posted by on Oct 22, 2013 in Blog, Featured | No Comments

The land surveyor’s role in development is critically important in answering these questions. The land surveying profession goes back thousands of years and today covers a multitude of disciplines from hydrographic surveys both above and below bodies of water to high altitude aerial surveys, from the small neighborhood lot survey to establishing the Global Positioning […]

Lot scarcity heat-mapped: America’s top 10 tightest markets for home sites

Posted by on Sep 17, 2013 in Blog, Featured | No Comments

Five years ago, housing’s story was one of excess. Today, it is about shortages. The tightest market in the country (of the markets Metrostudy tracks) is San Diego, which was one of the markets to nosedive earliest and deepest. There is a 15.5 month supply of developed lots, based upon the last four quarters worth […]