Posts by Legacy Real Estate Ventures

It is always good to hear when investors are getting back into the pool for office space investment. The article involves information from Costar regarding the progression and absorption of office space for the coming year and the strengthening demand within the office space market. This spells out that employers are getting more comfortable with signing long term leases which reiterates that “the light at the end of…

This is an incredibly interesting article breaking down foreign investment throughout the US. I have attached the link below to the interactive map which displays the percentages of foreign investment per state. According to the National Association of Realtors, “Nearly 80 percent of foreign-born U.S. residents owned a home in 2009…The national homeownership rate at that time was 65.4 percent (it is currently 66.3 percent).”…

Legacy has been doing some analytical studies regarding the housing market in San Diego and has uncovered some recent and very interesting data. We have seen an increase in competition for properties across all markets which can only be attributed to a decrease in supply. Supply constrained markets, such as the condo market in downtown…

We are back after an incredible 2011! We look forward to bringing everyone good news on the real estate market and likewise updates on all of our projects. We appreciate the audience, and can’t wait for the coming year. On that note, it is always good to hear when the builders are back in business.…

Attached is an interesting package regarding the employment situation in October and the fact that it was not materially different from the previous month. Always good to dig into the numbers to see what is really occurring within the United States job market. Click on the link below to get the details regarding the job report…stabilization…

I recently read a very interesting article regarding the oncoming wave of rental housing for various demographics within the United States. The multifamily market has substantially grown since 2008 due to the increased number of financially distressed household within the housing market. Newly formed households have steered clear of the concept of homeownership (which I disagree with) and…

This was a very interesting article that shed light on the practices regarding joint venture relationships within real estate. The article focuses on the idea that real estate managers are “misappropriating” funds from performing, cash-flowing assets to help underlying assets that are distressed within the portfolio. The concept of “robbing from Peter to pay Paul” is the…

This morning I saw these statistics regarding home sales in San Diego County categorized by equity, auction, short sales, and REO. It’s very simple to see the rehab projects that run through the pipeline and the importance that investors play within this fragile real estate market. Imagine what the graph would look like with investors doing…

I reviewed a very interesting article regarding the capital injection of private equity into US Real Estate firms/assets. The article mainly revolves around the concept that private equity firms can come into a company/asset, recapitalize the deal, and re-structure not only a large portion of the debt but likewise absorb a huge chunk of the…

I saw a very interesting article that discussed how the housing crisis has led young people to be less confident in the concept of homeownership. I understand that many people lost their homes during the foreclosure crisis, and it is still a very fragile time for many people who lost equity in their homes…BUT it’s…