The year 2016 was an eventful one for home building.
In the first part of the Land Acquisition and Development Financial series (August PB), we discussed a market analysis that serves as the foundation for your land acquisition and development financial decisions. This, the second article in the series, will discuss finding the land and the preliminary investigation and financial analysis.
Controversy has brewed ever since the landmark 1926 U.S. Supreme Court decision of Village of Euclid , Ohio v. Ambler Realty Co., which established the separation of land uses among other restrictions to manage nuisances and protect the public welfare. The resulting "Euclidian" form of zoning has long since been accepted as the standard for regulating development nationwide.
Land development is both an art and a science. It is an art that builds on creativity, instincts and vision to transform an idea from concept into reality. As a science, it systematically progresses through a series of activities to accomplish a successful outcome — a new development. In this article, we will discuss the land acquisition and development finance process, which includes: Th...
John O'Sullvan wrote in 1845 that it was "our manifest destiny to overspread the continent ... for the free development of our yearly multiplying millions." A journalist covering Texas' bumpy annexation to the union, he coined a term sorely in need of an update; it is density that appears manifest in the context of development today.
Featured Major Market: Los Angeles If you don't build it, they will come anyway. If you are dealing with government agencies or citizens groups who believe that if they don't build the housing, people won't come, take them on a tour of Los Angeles. Los Angeles is the "poster child" for how a lack of adequate new housing near employment centers can affect an economy.
April is National Landscape Architecture month — a fitting time to draw attention to the importance of home builders to the American Society of Landscape Architects, and a new opportunity involving the professional society's annual awards program. According to ASLA's latest Business Indicators Survey, residential projects comprise 40 percent of annual billable hours by landscape architect...
The Michigan Land Use Institute's Follow The Money report blasts decades of "profoundly misguided" state policies in Michigan that amount to "subsidizing sprawl" while fostering obesity and white flight from neglected cities. If research bears these claims out, then suburban builders could suffer when infrastructure expansion fails to keep pace with market demand.
With Orange County known as a land-limited area for building, the auction of the four-parcel property of El Toro — a famous Marine Air Station — has been a big deal for builders because of its implications on land development. Sold during an online auction held by the Defense Department, the final bid came in at $649.
The builder is New Urban Communities, a niche specialist in both density and infill. Principals Kevin Rickard and Tim Hernandez are well acquainted with both profit and peril in their specialty. Dedicated New Urbanists, they loathe front-loading garages, but Old Palm Grove is half front-loaded because, they say, flexibility is the first prerequisite to high-density success.