LMC Group and Affiliates purchases Ruffins River Landing in Brunswick County

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The LMC Group announced today the acquisition and purchase of a beautiful new community located in Brunswick County near Holden Beach.  The community was previously owned by High Point Bank after developers were foreclosed on.  LMC Group plans include a revitalization of the community and new residential construction. The LMC Group has been busy revitalizing stalled communities since the downturn of the real estate market.  Other communities reset have been Dogwood Lakes in Surf City, Pine Ridge Townes in Holly Ridge and Saltwater Landing in Surf City.    All three of these communities have seen an explosion of activity since LMC restored them to active status with most completely sold out with only a few sites left available.  LMC was also involved in the highly successful neighborhood known as Neighborhoods at Holly Ridge by creating new jobs and tax basis for the area with over 100 new construction homes built or in the process of being completed.

LMC Group also has 2 new communities in development and one completed new development,  Poplar Branch,  with homes almost completed and ready for occupancy.

 

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Surf City seeking Utility Bids for Water/Sewer lines servicing The LMC Group Development along Hwy 50

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ADVERTISEMENT FOR BIDS

TOWN OF SURF CITY, NORTH CAROLINA MILL CREEK ROAD UTILITY EXTENSIONS

Sealed bids will be received until 2:00 p.m. on Tuesday, July 23, 2013 at the Town of Surf City Town Hall for the construction and installation of the Mill Creek Road Utility Extensions, at which time and place bids will be publicly opened and read aloud.

The work involves the complete installation of the Mill Creek Road Utility Extensions consisting of approximately 1,875 LF of 4” sewer forcemain along Mill Creek Road to an existing 12” forcemain along Hwy 50 and approximately 1,845 LF of 8” waterline along Mill Creek Road and approximately 1,680 LF of 12” waterline along Hwy 50 connecting to an existing 12” waterline at the intersection of Juniper Lane and Hwy 50.

Complete plans, specifications, and contract documents may be examined during regular business hours in the office of the local Association of General Contractor’s (AGC) office, local Hispanic Contractors Association office, the Town of Surf City Town Hall, and the office of Cavanaugh & Associates, P.A., 1904 Eastwood Road, Suite 205, Wilmington, North Carolina 28403.

Copies of the plans, specifications and contract documents may be obtained from the Engineer, Cavanaugh & Associates, P.A., 1904 Eastwood Road, Suite 205, Wilmington, North Carolina 28403, upon payment of $200.00 for each set. There will be no refund to any party for these documents.

Bids will be received on a unit price basis. Each bid must be accompanied by a bid bond, cash, cashiers’ check or a certified check in the amount of not less than five percent (5%) of the amount of the bid in accordance with the contract documents.

Small, minority, women’s businesses, and labor surplus area firms are encouraged to submit bids.

Bidders must be licensed under Chapter 87 of the North Carolina General Statutes.

The County reserves the right to reject any and all bids.

Town of Surf City, North Carolina

Publication Date: June 20, 2013

Surf City Advertisement For Bids Mill Creek Road Utility Extensions

LMC Launches Updated Website

LMC GroupThe LMC Group launched an update to its website today for its real estate venues. The new website more accurately describes the business in today’s real estate environment. For the past 3 years, The LMC Group has been resetting the marketplace and unclogging the jam of failed developments in 5 counties in North Carolina. With the resurgence of the housing market, LMC has begun to deliver new products to the marketplace in the way of finished lot inventory for builders. In recent months, the supply of lots in the areas of Wilmington, Surf City, and Holly Ridge has almost dwindled to non-existent. With no lot inventory in the marketplace, builders are scrambling for available lots to cover the increased demand for new housing. LMC currently has on the books 3 new communities under way in the Northern areas of Wilmington, Hampstead, Surf City and Holly Ridge. A recent run on inventory in the Brunswick County corridor has also seen decreased inventory in the Leland areas as well as the Hwy 211 corridor. According to LMC, the company is making great strides in the Brunswick County market as housing demand increases and expects to deliver new inventory in the coming months. For more information, please check out the company’s updated website at www.LMCRealEstate.com

Neighborhoods at Holly Ridge Up and Running

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The Hamptons at Holly Ridge is up and running!

IN reference to one of our earlier posts, The LMC Group placed Robuck Homes into a deal back in 2011 which enabled Robuck Homes to enter the marketplace into the Holly Ridge subdivision with a committment to build quality homes at an affordable price.  Well, Robuck Homes sure has delivered!  WOW!  I was in there the other day and it is unreal how beautiful these new homes are.

Instead of me attempting to describe these homes, here….. take a look…………  Then do yourself a favor and go look for yourself………..

The Hamptons at Holly Ridge!

The LMC Group aligns with Robuck Homes in a new real estate deal bringing more construction to the area

The LMC Group and Robuck Homes  The LMC Group announced today the completion of a deal with Robuck Homes Triangle for the construction of NINETY-NINE (99) new homes in Onslow County along the Onslow/Pender County line.  Robuck Homes will begin construction as soon as September 1, 2011.

Robuck Homes is based out of Raleigh, North Carolina and has been seeking a presence into the local market for quite some time.  Established in 1926, they are one of the premier home building companies in the Triangle and have an unparallel reputation for quality homes.  In seeking to expand their operations down into the Wilmington surrounding area, Robuck hired The LMC Group in June 2011 to bring them into the market.  After meeting with The  LMC Group and going over an extensive market profile look, LMC located a place for Robuck Homes to begin their entry into the marketplace.  With over 75 years experience in custom home building, Robuck Homes will be entering the market in the highly successful community Neighborhoods of Holly Ridge subdivision located just down from the Surf City bridge onto Topsail Island.  New homes will begin under $200,000.

This is yet another accolade in The LMC Group’s successes as they continue to bring jobs and activity to the local area.  New  construction for the area has been hit the hardest, and any and all new business is a welcomed site to our area.  The addition of Robuck Homes into our area is expected to create an economic impact of over $15 million.

For more on Robuck Homes, please go to their website at www.RobuckHomes.com

Dogwood Lakes Update on Homesales

Dogwood Lakes in Surf City NC continues it’s success with new home buyers.  The community is very vibrant and active as you can see in this video.  Dogwood Lakes was a stalled community at the beginning of the meltdown of the real estate market in 2007.  The LMC Group pioneered this resurgence in 2010 with debt restructure and private investment.  As of this week, there are 77 new families actively enjoying the community.  We were told that in the last 18 days, 8 new home sales have transpired with much more interest in process.  The LMC Group continues to strive to put working America back to work in resurging projects like Dogwood Lakes.

Thanks to Stevens Fine Homes for producing this video for us.  Enjoy!

Bases Will Remain Constant for Our Area for Years to come – Great News!

Marine Corps general: Bases will remain economic rock on East Coast

via The Associated Press 

COLUMBIA — The Marine Corps may face tight budgets and manpower cuts, but its installations will continue to be centers of economic activity in surrounding communities, the outgoing commander of seven East Coast Marine Corps bases said Tuesday.

“We will continue to be an economic engine for this area, and the areas where we have a presence,” Maj. Gen. Carl Jensen said in a farewell interview Tuesday from his center of operations at Camp Lejeune, N.C.

Jensen, 57, is retiring as commander of Marine Corps Installations East after 35 years in uniform. He passes command of units in Virginia, North Carolina, South Carolina, Georgia and Florida to Col. Thomas Gorry on Friday.

 The Marine Corps may face tight budgets and manpower cuts, but its installations will continue to be centers of economic activity in surrounding communities, the outgoing commander of seven East Coast Marine Corps bases said Tuesday.

Asked about the potential for cuts to military budgets and personnel, Jensen said the Marine Corps has weathered economic stresses and military drawdowns in the past and will continue to do so in the future.

While the Marine Corps overall has grown by tens of thousands in recent years, the area around Camp Lejeune has also boomed with new military construction, Jensen said. He said his command in eastern North Carolina alone has been undergoing so much construction that expenditures have amounted to about $2 million daily.

However, the current fiscal year may well be the last such boom time for military construction budgets, the two-star general said.

Jensen said Marine Corps Commandant Gen. James Amos has said the Corps could cut its forces about 20,000 to about 186,000 men and women in uniform, depending upon conditions such as the conflict in Afghanistan, where a drawdown is set to begin.

“It’s not so dramatic that we would have to take extraordinary measures,” Jensen said, adding that cuts could be made through attrition and by bringing fewer recruits into the Corps.

Jensen said it is clear that in the nation’s current economic times, “we will have to find some innovative ways to keep the level of excellence we have here” as they manage budgets and personnel.

“We’ve been through this before,” he said of the economic expansion and contraction. “The Marine Corps will survive very well.”

Communities around military installations, he predicted, will be able to “count on that as a rock to lean upon.”

LMC Group Real Estate CommunityJensen, of Wilmette, Ill., has overseen Marine Corps installations in Quantico, Va., Camp Lejeune, Cherry Point, and New River, N.C., Beaufort, S.C, Albany, Ga., and Jacksonville, Fla., since July of 2008.

IN SUMMARY:  The military is driving economic boom surround its bases with house starts and business expansions.  While the new recruits may dwindle with the budget cuts, personnel and officers coming home will continue to drive the need for off-base housing.  The LMC Group has been fueling that economic stimulus since 2009 and refiring stalled subdivisions to be able to deliver affordable housing for our troops.  For more information, please contact us at www.lmcrealestate.com .

LMC Closes out Balance of First Phase in Saltwater Landing

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The LMC Group’s resurgence of stalled community developments continues on in first quarter 2011 bringing new and completed successes to light.  LMC  announced today that the balance of the first phase of lots placed under contract in 2010 within the Saltwater Landing Community have been completed and closed out.  H&H Homes will immediately begin construction of new homes on these sites.  H&H Homes has also just opened their New Showcase Model in Saltwater Landing for viewing and tours.  The model will be open daily and staffed by the Christina Pitz Coldwell Banker Sea Coast Realty Team, be sure to drop in and take a look!

Stay tuned, more to come – multiple purchases in the works and new floor plans in the making…………..

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Wake Up Washington, It’s about Jobs

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Later this week, the Treasury Department will issue a report recommending changes to the structure of Fannie Mae and Freddie Mac.  This is the latest development in a years-long debate over what the government’s role in housing should be.

We all know better than anyone else just how vital housing is to families and to our nation.

Fact:  For every additional 1,000 home sales, about 500 jobs are added to the economy.  Those are real jobs that give our families, friends and neighbors a chance to work.

Fact:  Every home purchase pumps $60,000 into the economy.

Fact:  Housing accounts for more than 15 percent of the national gross domestic product.

Fact:  Home owners pay 80 to 90 percent of ALL federal income taxes.

We need to change the dialog.   Critics say housing is a drain on federal resources.  We know better.  Housing is the engine that drives our national economy. Eight of the last ten recessions have ended as a result of robust housing markets.  The other two ended as a result of war spending.  The choice is easy.  America needs a healthy housing market to thrive. 

In the days ahead, NAR will be reaching out to Congress and the White House to emphasize the clear connection between housing, jobs and the economy.  Rather than limit support for housing, and the availability of credit, NAR is calling on Congress and the White House to advance policies that will move the housing market back to a healthy 5.5 million sales, where it SHOULD be. 

We will be asking lawmakers to:

  • Preserve the mortgage interest deduction at current levels.
  • Move the credit pendulum to equilibrium, defined by a median credit score of 720.
  • Maintain government backing in the mortgage market as part of GSE Reform.

These three steps would help bring the housing market back to a normal level, possibly generating an additional 1 million home sales and 500,000 jobs.   

As the voice for real estate, we hope that Congress and White House gets the message:  real estate is all about jobs.

 Ron Phipps, 2011 NAR President

The LMC Group Announces Final Transfer of 147 Properties – $36 Million Impact

New Construction Dogwood LakesThe LMC Group today announced the successful revitalization and transfer of all properties within the community of Dogwood Lakes to its new owners.  Dogwood Lakes was a stalled development community hit hard by the decline of the housing market and recession.  Located in Surf City NC in Pender County, the community was started back in 2005 and came out for retail sales in 2007 at the beginning of the fall of the housing market.  In years 2007 through late 2009, like most real estate communities for retiring baby boomers, sales ceased and not one sale was made after its initial opening in Spring 2007.

The owner and developer had obtained The LMC Group’s information through a shared contact that knew that LMC was having success at re-establishing sales in stalled developments.  Based on her recommendation, contact was made with The LMC Group.  The LMC Group was hired in late 2009 to begin moving the owner/developer into a position to get out of the community and bring Dogwood Lakes back from the brink.  The LMC Group went to work on Dogwood Lakes creating a web presence and other key marketing studies, identified the marketplace for the product, and negotiated some slightly different pricing attributes involving the developer and the lender.  Once these vital studies were completed, everyone involved had some basis and options at their disposal now, and The LMC Group and Developer decided to move forward with the project.  Immediately in 2010, LMC placed 60 of the 147 lots under contract with a local builder that could deliver the product The LMC Group studies proposed.  Upon closing out these 60 sites, construction began again in Dogwood Lakes.  Construction is ongoing and vibrant today.  In December of 2010, The LMC Group closed out the remaining balance of Dogwood Lakes.  Construction is expected to be completed by year end 2011 creating a true success story in one of America’s worst recession time eras.  According to the original developer, “if it had not been for the contact and the implementation of The LMC Group and its programs, we would probably still be holding all inventory wondering what to do next. “

While this sounds like a great success story in terrible economic times, the unique underlying story is even better:  The LMC Group is directly responsible for creating over 100 new jobs in this area.  Subcontractors are back to work, HVAC contractors are back to work…. electricians, plumbers, landscapers, surveyors.  Nails are being purchased, roofing materials, lumber, garage doors, refrigerators, washing machines, fireplaces.  The economic impact of one failed community being brought back from the brink is astounding.  The statistics are overwhelming.  The lumber companies are working again, the cabinet makers, the carpet factories and distributers, the flooring companies, the cement companies, the Realtors.  Tax revenue is being collected to sustain infrastructure and services when once there was no revenue.  Without being exact, the estimated economic impact of just Dogwood Lakes is estimated at $36 million.  Wow, one deal, one revived community, heck of an impact.

According to The LMC Group CEO, Roy Holdford, “The LMC Group took our lumps in the downturn in the economy also, however, we vowed to make a difference, and if we can make even a small difference in helping to bring back our economy then we will have succeeded.”  Holdford also states LMC has big plans for 2011, “we have been highly involved in numerous deals on the table that should be coming to fruition soon, and one particular in mind may bring as much as $50 million in local impact dollars.  It is mentioned that LMC is currently working in Saltwater Landing in Surf City, Doe Creek Plantation in Holden Beach, along with 4 others that were not mentioned by name yet.  Asked if LMC was prepared for every failed project beating their doors down, Holdford stated, “The LMC Group will continue to add additional experienced professionals as needed to bring our economic situation into a better light.”

The LMC Group does have a void to fill.  “We have parties lined up for commercial sites and struggling office, retail and strip centers.  Sometimes people don’t realize we can help commercial owners as well, complete with leasing and financial analysis and getting your center back up and running”.  LMC’s recent additions of Dennis Musser and PJ Doherty echo these sentiments.  “We are out there spreading the news,” Musser stated.

For more information on The LMC Group, google “The LMC Group” or go direct to their site here: www.lmcrealestate.com