Archive for August, 2010
The Weekly 3: Land Development
August 2, 2010
What are the three biggest stories each week in the world of California land development? You’ll find them right here each Monday, or follow LP&A all week long on Twitter at @LPALand for up-to-the-minute news and analysis. This week:
What could you do with this raw land?
1. Builders beginning to buy raw land with eye on market turnaround.
Standard Pacific CEO Ken Campbell made the news recently when he predicted a 2014 housing comeback and said he’s buying raw land in a big way. That’s a sure sign the supply of already-approved lots is drying up … and it also means there will be a new wave of activism from the environmentalist/NIMBY cabal. New legislation and policy have prioritized infill development and attempted to make greenfield development neighborhood non grata in California. That will make entitlement a challenge … but one with great potential financial upsides for those who purchase wisely.
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