Professional Land Corporation: Land Banking


WHAT IS LAND BANKING?
The Best-Guarded Secret in the U.S.A. Revealed!


ONE ACRE OF LAND PURCHASED IN THE PATH OF RAPID GROWTH

Historically, countless fortunes have been made in land banking by individuals who understood the concept of buying and holding pre-developed land in the path of growth. They did nothing more than buy and hold land in Southern California's booming regions, in areas such as Los Angeles, San Diego and Orange Counties. While our Company makes no warranties or representations as to the investment merit or profit potential on any land parcel, we are pleased to present the following biographical sketches on Donald Trump, Bob Hope, Howard Hughes, Henry Segerstrom and Roy Sakioka.
DONALD TRUMP KNOWS THE VALUE AND BENEFITS OF LAND BANKING
According to the Wharton University of Pennsylvania, there can be no doubt that Donald J. Trump is the epitome of an American success story. In 1990 Trump was $900 million in debt. Unlike the average person who throws in the towel at the first sign of disappointment, Trump did not quit and bail out at the first sign of adversity. He hung in there and made an astounding comeback, and is now on top of the world. In an interview with Wall Street Week on July 26, 2002, Trump said that today his Company is a bigger Company than it was in the early '90s. He went on to say: "I just love real estate. It's tangible, it's solid, and it's beautiful." The Trump Tower on 5th Ave. was his original crown jewel. Today he owns many other amazing Manhattan properties that include the Trump World Tower, and the Trump Palace. What property excites Donald J. Trump the most these days? It's his prime undeveloped land parcel, the old West Side Rail yards in Manhattan. This amazing, undeveloped 100-acre plot goes from 59th to 72nd streets along the Hudson River, and is one of the last remaining large land parcels left in Manhattan. Donald J. Trump understood the value of land banking. He realized that if he just buys and holds the land, he would position himself to make a fortune. When fully developed, this 100-acre parcel will be called Trump Place. If Donald Trump has one regret, it's that he didn't buy and hold more land in New York City when he had the chance.
BOB HOPE WAS A SERIOUS LAND BANKER IN SOUTHERN CALIFORNIA
Bob Hope was a firm believer in land banking in Southern California. According to the Associated Press, 7-29-03, Bob Hope became one of the wealthiest people the entertainment industry ever produced, investing his money in Southern California land when it was little more than orange groves and scrubland. At one point he owned at least 10,000 acres of land in the San Fernando Valley. Combined with other land holdings, this made him the largest private landowner in California. According to a Time Magazine Report in 1967, Bob Hope owned "8,000 acres in Palm Springs, 4,000 to 5,000 acres near Phoenix, more than 7,500 acres in Malibu," and more. Hope was thought to have enough land to make a principality nearly 50 times the size of Monaco, with just as fine a climate. In 1978, his property-tax bill to the state exceeded $1-million (U.S.). With the recent passing of Bob Hope, reports of his immense wealth are flying once again. "As much as $500 million," reported the St. Petersburg Times. "$400 million to $700 million," declared The Dallas Morning News. Fox News Channel's Terry Keenan said, "You can bet it is in the hundreds of millions, perhaps maybe $1 billion."
HENRY SEGERSTROM IS A LAND BANKING LEGEND IN ORANGE COUNTY
The Segerstrom's family history in land banking in Orange County is a long one. Anton Segerstrom's Great-Grandfather, Charles John Segerstrom, came to Orange County in 1898 to farm 20-acres of leased land. Over the years they expanded their land holdings, eventually owning two of the largest dairy farms in California. In the 1950s, the family pioneered the commercial production of lima beans. The family's real fortune was made in land banking through the foresight of Henry Segerstrom. If those early Land purchases had not have been made, the Segerstom's family history would have been quite different. Otherwise, the Segerstrom family would never have been able to assemble one of the greatest collections of retail shopping centers in the Country. Today, South Coast Plaza is owned by the Segerstrom's and is viewed as one of the most successful retail shopping centers anywhere in the world.
HOWARD HUGHES HAD VISION AND FORESIGHT IN LAND BANKING
Howard Hughes was a visionary who bought and held land in Southern California and the Las Vegas Valley. He was a firm believer in land banking his properties. In Los Angeles, California, Howard Hughes is well known for Playa Vista - the 974-acre, former site of the Hughes Aircraft Company. This property extends from the Pacific Ocean to the San Diego Freeway, between Marina del Rey and Los Angeles International Airport. There are big plans for the site that include 13,000 residential units, 6 million sq. ft. of commercial space and 1,000 hotel rooms. In the early 1950s, Howard Hughes acquired a 22,500-acre parcel of land located along the western rim of the Las Vegas Valley, well outside the Las Vegas city limits. Today, this land parcel is known as Summerlin, and regarded as one of the most desirable and prestigious master planned communities in Nevada. By 2015 Summerlin is projected to be home to approximately 160,000 residents in 30 distinct villages. Howard Hughes’ land holdings made him vast fortunes during his lifetime. Would you care to guess what the 974-acre Playa Vista property in Los Angeles would be worth today?
ROY SAKIOKA KNEW HOW TO LAND BANK IN ORANGE COUNTY AND BECAME ONE OF THE WORLD'S RICHEST MEN
According to the Los Angeles Times, November 1, 1995, Roy Sakioka was a poor immigrant farmer who came to the U.S.A. from Japan with virtually no money. The youngest of six children--as well as the father of six children--Sakioka was born in a farming village on a small Japanese Island. In a rare 1989 interview with The Times, he credited his father with teaching him the value of real estate as a hedge against inflation. "My father said, 'You never forget it: Inflation will never be stopped,' " he said--adding with a smile that real estate had forced him to save, while "cash is easy to spend." Making minuscule down payments and borrowing heavily, Sakioka acquired 80 acres in Los Angeles' Sawtelle area, which he parlayed into larger parcels of undeveloped Orange County. Roy Sakioka's spectacular land empire included 1,000 prized acres in Orange County alone, where he was among the first to envision the coming real estate boom. Even though he came to this Country with no money and without the ability to speak English, Sakioka began buying small parcels of rural Orange County land just after World War II. Even with these beginnings, Roy Sakioka understood the power of land banking. But besides his skill in farming celery, he had an uncanny knack for knowing where freeways and shopping centers would sprout up, and this sixth sense made him a master at buying land along development's path, then waiting until the last possible moment before selling. Sakioka amassed roughly $325 million in landholdings, with virtually no debt. Many of Orange County's malls and office towers sit on former Sakioka celery fields. " He took a lot of what is now Costa Mesa, Santa Ana, Fountain Valley, and developed it into spectacular uses," former Costa Mesa Mayor Joe Erickson said. In 1991, Sakioka was named one of America's 400 richest individuals by Forbes magazine. The good news is that it's not too late to get involved in Southern California land. History repeats itself in one area after the next in Southern California. We believe that the Victor Valley portion of the Inland Empire has some of the best opportunities available today. Take your time and read through our web site. You will be amazed at what you will learn. Please feel free to contact us by email with any questions you may have. There is absolutely no charge or obligation for this information. Don't you owe it to yourself to learn more?