International Land Alliance, Inc. develops and invests in land and real estate projects, with a focus on raw land, residential homesites, and planned communities in Northern Baja California and Southern California. Company news commonly covers sales and construction activity at Rancho Costa Verde, Cabo Oasis Resort, and Oasis Park, as well as land acquisitions, permitting, proptech and construction-tech initiatives, and financing arrangements.
Recent updates also document capital-market actions such as the company's 50-for-1 reverse stock split, strategic-advisory engagements, and efforts to support growth across its property portfolio.
International Land Alliance (OTCQB: ILAL) has announced the expansion of its vineyard at Valle Divino, Baja California, to 2 acres featuring 14 grape varieties after successful results from test vineyards. This eco-friendly development is strategically located, appealing to buyers from Southern California, where median home prices have risen significantly. Residential lot prices at Valle Divino start at $49,000, in contrast to the Southern California market. The community will ultimately feature 650 homesites, enhancing its attractiveness to investors and home buyers alike.
International Land Alliance (OTCQB:ILAL) has reopened its renovated event center at Emerald Grove Estates in Southern California, anticipating increased demand following the return of organized events. Construction improvements are expected to be completed by May 7, 2021. The property, acquired in Q1 2019 for $1.1 million and recently appraised at $2.8 million, includes an 8,000 square foot venue currently generating revenue. Upcoming events, including a wedding for 120 guests, signify strong market interest and potential revenue generation for the company.
International Land Alliance (OTCQB:ILAL) has issued a letter to shareholders from CEO Roberto Valdes, reflecting on a year of challenges and opportunities. The company highlights the Northern Baja California region as a prime area for land development, supported by a significant $500 million investment for the Bajamar Beverly project. Progress includes the construction of the Valle Divino Resort and the upcoming opening of model homes at Plaza Bajamar.
Additionally, ILA is pursuing acquisitions and partnerships to enhance its portfolio and revenue generation, focusing on innovation in sales and marketing as international travel resumes.
International Land Alliance, Inc. (OTCQB: ILAL) has signed a Letter of Intent (LOI) to acquire two land parcels in Rosarito Beach, Mexico, totaling about 32 acres, valued at approximately $6 million. The transaction involves an existing project of 450 homesites along the Pacific Ocean, with average sales of $50,000 per residential lot. The acquisition is expected to enhance ILA’s operations in the Tijuana-Ensenada corridor, improving sales and marketing for existing properties. Closing is anticipated within 45 to 60 days.
International Land Alliance (OTCQB: ILAL) has announced the Grand Opening of its Merlot model home at the Plaza Bajamar community set for April 17, 2021. This marks a significant milestone for the 80-unit development, which is located within the renowned Bajamar Ocean Front Hotel and Golf Resort. The model features two bedrooms, two baths, and rooftop ocean views, with pricing starting at $189,000. Additionally, the company secured a $500 million investment for the Bajamar Beverly project, anticipated to break ground in Q3 of 2021, boosting local economic growth.
International Land Alliance (OTCQB: ILAL) has initiated site preparation for a second Merlot model home in its 80-unit Plaza Bajamar community. This residence features two bedrooms, two baths, and a rooftop terrace with ocean views, priced starting at $189,000. The company has also secured a $500,000 bridge loan, primarily for infrastructure development. CEO Roberto Valdes emphasized the importance of this financing in strengthening their balance sheet while planning to repay the loan fully to keep projects unencumbered.
International Land Alliance (OTCQB: ILAL) has commenced the second construction phase of its eco-friendly Valle Divino project in Ensenada, Baja California, which includes engineering and site preparation for 184 model homes. Residential lots start at $49,000, and solar-powered homes at $89,000. The project, strategically located near the Guadalupe Valley, aims to meet the rising demand for sustainable real estate. Valle Divino will consist of 650 homesites, with the first construction phase completed in January 2021.
International Land Alliance (OTCQB: ILAL) has partnered with MZ Group to enhance its investor relations and financial communication strategy. The collaboration aims to increase visibility in the investment community, showcasing ILA's focus on acquiring and developing sustainable properties in Northern Baja California, Mexico. Notable projects include the Plaza Bajamar community with 2,000 planned units featuring eco-friendly technologies. MZ Group's expertise in investor relations will facilitate roadshows and social media outreach to attract more investors amidst rising demand for real estate in Mexico.
International Land Alliance (OTCQB: ILAL) announced a sales and marketing partnership with Baja 123 Real Estate for its Plaza Bajamar development. Baja 123, based in Rosarito Beach, is affiliated with eXp Realty, which operates in multiple countries. The Plaza Bajamar community features 22 homes with amenities like a pool and fitness center, starting at $189,000. This collaboration is expected to leverage advanced technology for real estate sales, aligning with ILAL's focus on sustainable and socially responsible solutions in property development.
International Land Alliance (OTCQB: ILAL) has announced a sales and marketing collaboration with Baja 123 Real Estate for its Plaza Bajamar development. Baja 123, a tech-driven real estate company, operates under eXp Mexico, part of eXp World Holdings (Nasdaq: EXPI). The collaboration aims to enhance marketing efforts for the Plaza Bajamar community, featuring 22 homes priced from $189,000. The development offers various amenities and scenic views, with a new website launching soon to promote it and showcase joint marketing materials.