News

Landmark Links April 29th – The Fix is (Maybe) In

  Lead Story…. Earlier this month we linked to a story about how the already-reeling CMBS market was about to take another hit via a “risk retention” provision due to take effect later this year that would take a big chunk out of issuer profitability.  The House Financial Services Committee voted on a bill dubbed the Preserving Access to […]

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Landmark Links April 26th – Disconnect

  Lead Story… Goldman Sachs published a research note last week that CNBC posted some excerpts of, making the case that the construction labor shortage isn’t to blame for the sluggish home builder performance: “Our analysis of payroll growth and wage inflation data suggests that labor shortages may not be to blame for the mediocre level of […]

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The Real Reason Millennials Aren’t Buying Homes

NEWPORT BEACH, CA—In reaction to a recent CNBC article “Millennial homebuyers: Go Big, or Go Home,” Landmark Capital Advisors’ managing director Adam Deermount tells GlobeSt.com that Millennials are holding off on buying homes, in part, because many of them want more than just a starter home. We spoke exclusively with Deermount about how the American […]

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$28,200,000 Equity Placement

Landmark Capital is pleased to announce a successful recapitalization of a flex office building. Challenge of the assignment included: The transaction was a recapitalization and restructuring of a legacy tenant-in-common investment that had been in bankruptcy. At the time of closing, the property was approximately 50% complete with a structural remediation program to mitigate foundation movement […]

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Landmark Links April 22nd – The Rise of BARF

  Lead Story…. We’ve been spending a lot of time lately talking about what’s going on in the high priced/high barrier to markets.  Of particular interest is San Francisco since it’s a market that Landmark is quite active in and it also has the most stringent land use restrictions (and the arguably worst affordability crisis) in the […]

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Landmark Links April 19th – Too Much of a Good Thing

  Lead Story… The never-ending quest to figure out entry-level home buying hasn’t recovered continues: Historically, the Federal income tax deductions for mortgage interest and real estate taxes have been a meaningful incentive to own a home rather than rent.  John Burns posted a research piece last week that made a compelling argument that tax breaks for lower […]

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Landmark Links April 15th – Looming

  Lead Story…  Another day, another story about one of America’s astronomically expensive and typically chronically under-supplied markets getting hit with a massive wave of high end condos (and high end apartments).  Over the past few weeks, we focused on New York, Miami and even Hong Kong.  Today it’s the patron saint of expensive US housing […]

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Landmark Links April 12th – Psychological Issues

  Lead Story…. One reason that Millennials are holding off on buying homes is that many of them want more than a just starter home.  According to a new report from Bank of America: The share of first-time buyers fell to just 30 percent in February, according to the National Association of Realtors. Historically, it should be at […]

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Landmark Links April 8th – Hide and Seek

  Lead Story… A major leak of over 11 million documents from a sketchy Panamanian law firm that specializes in helping people launder money through offshore shell corporations is casting light on one of the sources of demand for high end real estate in Miami. The list of clients included politicians, drug lords, celebrities, billionaires and […]

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Landmark Links April 5th – Proceed With Caution

  Lead Story…. DISCLAIMER: This is not in any way meant to be financial advice, simply pointing out a potential issue down the road in the housing market: There is some evidence that seniors in the Baby Boomer Generation are beginning to shun home ownership in favor of renting when they retire.  First off, every story […]

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