News

Landmark Links May 31st – Flipper Does South Beach

  First off, thank you to all of the veterans out there who keep us safe and preserve our way of life.  A bit of an abbreviated edition of Landmark Links today as I was too busy relaxing on the beach to write a full post.  I hope everyone enjoyed the long Memorial Day weekend […]

Read More

Landmark Links May 27th – Can’t Kick the Habit

  Lead Story… There has been a lot of negative press over the past couple of months about the growing pains that crowd funding and peer to peer lending sites are experiencing.  Last week, shares of Lending Club plunged after investors suspended debt purchases following the departure of Chairman and CEO Renaud Laplanche and the disclosure of […]

Read More

Landmark Links May 24th – Nuclear Option

  Lead Story… Coastal California cities have long paid lip service to making housing more affordable but few if any have actually done anything substantive to ease the burden of restrictive zoning and a brutal discretionary approval process that makes it difficult to add units to their existing housing stock. Enter Gov. Jerry Brown who is […]

Read More

Why California Impact Fees Are So High?

Part 1: As you can see below, California’s fees are absurd compared to the rest of the country and there is indeed a very high correlation between the cost of impact fees and the level of housing growth. The six highest fee markets are all in the Golden State when measured as a percentage of […]

Read More

Landmark Links May 20th – Drinking from a Firehose

  Lead Story…. We’ve seen and heard a lot of evidence (both anecdotal and otherwise) over the past few months about foreign investment in general and Chinese foreign investment in particular waning in the US real estate market.  From high end condos in NY, San Francisco and Miami to mansions in Silicon Valley there has been a […]

Read More

Landmark Links May 17th – Not Going Anywhere

  Last week we took a look at the impact of Prop 13 on new development when home prices stagnate or fall.  Today, I want to take a closer look at in issue in high-priced coastal markets that’s somewhat related to Prop 13: why home owners in high-priced California markets are renovating rather than moving when […]

Read More

Mind The Gap

MIND THE GAPA land development investment specialist looks at an uneven housing recovery.The Washington Post posted a fascinating series recently with interactive maps last week about the tremendously uneven recovery in the US housing market. The first story focused on the nation as a whole and the others drilled down on the Bay Area and […]

Read More

$5,400,000 Equity Placement

Landmark Capital is pleased to announce the successful capitalization of 46 to-be-built single-family homes and townhomes in Cotati, Sonoma County, CA Challenge of the assignment included: Gaining a capital partner’s confidence to enter a market considered as secondary by institutional capital providers where transactional data is not as readily available as other markets due to […]

Read More

Landmark Links May 13th – No Free Lunch

  Lead Story… Earlier this week I wrote about the FHA portion of a video that Ivy Zelman posted last week regarding how high impact fees, when combined with low FHA loan limits are stifling the home building recovery in the inland growth markets of California where most new home production typically takes place.  Today I want to focus on a different […]

Read More

Landmark Links May 10th – Quick Fix

  Lead Story… Ivy Zelman of Zelman and Associates started some industry chatter last week by posting a video about how difficult it is to build affordable homes, particularly in CA.  It focused primarily on two areas: FHA loan limits and impact fees.  Nick Timiraos from the Wall Street Journal did an excellent write up if […]

Read More