Welcome to our dedicated page for International La news (Ticker: ILAL), a resource for investors and traders seeking the latest updates and insights on International La stock.
International Land Alliance, Inc. (ILAL) generates a steady flow of news as an international land investment and real estate development firm focused on Northern Baja California and Southern California. Its updates frequently center on master-planned communities such as Rancho Costa Verde on the Sea of Cortez, the Cabo Oasis beachfront development in San Felipe, and the Valle Divino vineyard community in Baja’s wine country.
News coverage for ILAL often highlights land acquisitions, project expansions, and sales milestones at these communities. Recent announcements have described the execution and closing of agreements to acquire hundreds of acres of land and structures adjacent to Rancho Costa Verde, including residential homesites, existing casitas or tiny homes, and completed houses. The company’s releases also discuss sales volumes at Rancho Costa Verde and Cabo Oasis, noting land sales and construction revenue associated with these projects.
Another recurring theme in ILAL news is the introduction and expansion of tiny home offerings. The company has announced Tesla-powered tiny homes and BOXABL-branded units as part of its Cabo Oasis and Rancho Costa Verde communities, emphasizing solar power, smart home integration, and off-grid capability. Updates also cover new rental phases at Cabo Oasis, including plans for rental homes intended to create recurring rental revenue and management fees.
On the corporate side, International Land Alliance issues news about financing facilities, such as an up to $50 million institutional financing arrangement, and agreements to provide real estate services that are expected to generate long-term revenue. The company also reports on audited financial statements, record revenues in recent fiscal periods, and its stated goal of pursuing an uplisting to the Nasdaq stock exchange. For investors and observers, ILAL news provides insight into the progress of its Baja California developments, its financing activities, and its sustainability-focused housing initiatives.
International Land Alliance (OTCQB: ILAL) has announced the execution of a Binding Letter of Intent to acquire the remaining 75% interest in Rancho Costa Verde Development, LLC for $13.5 million through a new series of preferred stock. ILA previously acquired a 25% stake in RCV in early 2021. RCV is developing a 1,100-acre, 1,400-lot community in Baja California. The definitive agreement is expected by August 15, 2022, enhancing ILA's strategic focus on land investment in Northern Baja California.
International Land Alliance (OTCQB: ILAL) has shared a shareholder letter highlighting its significant milestones and future plans, particularly in Northern Baja California. The company has initiated sales at its Plaza at Baja Mar project and anticipates additional grand openings in 2022. Over 900 homesites have been sold at Rancho Costa Verde, with 50 homes completed and 26 under construction. The company secured $2 million for development, positioning itself strongly in a growing market.
International Land Alliance (OTCQB: ILAL) announced over $1 million in sales contracts for its Plaza Bajamar project. The company secured five contracts for the 'Merlot' villas, with a $5,000 deposit per unit and a 20% down payment due within 30 days. This 80-unit development, located near San Diego, offers affordable luxury housing, starting at $239,000. With current high median home prices in San Diego around $770,000, demand for these units is strong. The company emphasizes sustainable construction with solar packages planned.
International Land Alliance, Inc. (OTCQB: ILAL) announces the grand opening of its $20 million Plaza Bajamar project on April 2, 2022. The 80-unit community, located near the Bajamar Ocean Front Golf Resort, aims to meet the demand for affordable luxury housing just south of San Diego. The initial phase will feature 22 'Merlot' homes starting at $199,000, designed with sustainable construction and modern amenities. The project highlights include direct ocean access and a focus on environmentally friendly development. Strong pre-sales indicate positive market interest.
International Land Alliance, Inc. (OTCQB: ILAL) announced the completion of its clubhouse, wine tasting room, and sales office at the Valle Divino development project in Baja California. This eco-friendly initiative aims to attract potential homeowners with features like a solar microgrid powering the clubhouse. The project plans for 650 homesites, with residential lot prices starting at $49,000. Construction also includes model homes and emphasizes sustainable living to appeal to environmentally conscious buyers.
International Land Alliance (OTCQB:ILAL) reported its best monthly sales since 2017, achieving nearly $300,000 in lot sales for January 2022, representing 9 lots at the Rancho Costa Verde Development. Additionally, 5 new construction contracts were signed totaling $1,160,000. The company highlighted a growing demand for second and vacation homes in Northern Baja California, attributed to rising housing prices in the Southwest U.S. and low inventory. The strategic ramp-up in sales and marketing is expected to enhance interest in their properties.
International Land Alliance, Inc. (OTCQB:ILAL) announced that President Frank Ingrande was interviewed live on January 31, 2022, by Mick Bazsuly on South Florida's Money Talk Radio Network. The interview focuses on the Company's land investment and development initiatives and is now available on YouTube. ILA emphasizes the use of proptech and construction technology to fulfill its mission of sustainable and socially responsible land investment, primarily in Northern Baja California. For more information, visit ila.company.
International Land Alliance, Inc. (ILAL) outlined its strategic growth in a letter to shareholders, emphasizing significant progress in developing properties in Northern Baja California. The company's focus on utilizing proptech positions it competitively as demand grows among U.S. and Canadian expats seeking affordable living options. Key projects include Oasis Park Resort, Valle Divino, and Plaza Bajamar, which have seen pre-sales and construction advancements. ILA successfully raised $2 million to enhance its development efforts and is preparing for a potential uplisting to a major U.S. exchange, aiming to attract institutional investors.
International Land Alliance (OTCQB:ILAL) has exited its joint venture with a California hemp grower to subdivide 40 acres of property in Southern California for residential home construction. The new agreement stipulates that the company will receive $150,000 over two years, including $100,000 previously loaned for property improvements. Management believes that subdividing the land aligns with the soaring demand for homes in the region, where median prices for 5-acre lots are around $250,000. This strategic move is expected to strengthen the company's balance sheet.
International Land Alliance (OTCQB:ILAL) provided a corporate update along with its Q3 2021 results, reporting a sale of a 20-acre parcel for $630,000 and progress on the Oasis Park Resort. The company initiated construction on several projects, with notable sales totaling $1,623,662 and a net income of $98,238 from Rancho Costa Verde. A private placement raised $2 million for 3 million shares at $0.68 each. Management aims for revenue compliance with ASU 606 by Q4's end and plans to complete a hemp joint venture sale soon. A shareholder update call is scheduled for November 18, 2021.