One mile of Ocean Front, One Incredible Real Estate Development

Multi-Billion Dollar Agreement Signed With Oman

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Message: Re: Land

Jul 09, 2014 12:38PM

Jul 09, 2014 12:43PM

Jul 09, 2014 12:48PM

Jul 09, 2014 01:01PM

Jul 09, 2014 01:09PM

Thanks, Nick! Very helpful! I ran these locations by Frank and he identified 3 that were reasonably close to our site and provided some more color for me on the region in terms of supply / demand and why our site is the only premium site available, etc., etc. So I came up with some arbitrary weightings to arrive at my own estimate of market value. Frank also reminded me of their publicly disclosed own estimate of a conservative figure for the land. His number is lower than mine.

Once the DA is signed, I will repost my BOOK VALUE calculations again and will utilize Frank's number for the land. But not before. If the DA doesn't get signed (and I believe it will be signed), then all this talk of BV will be for naught.


Jul 10, 2014 09:35AM
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