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) delivers innovative residential land development solutions in Baja California, combining sustainable practices with prop-tech advancements. This news hub provides investors and stakeholders with essential updates on the company's strategic initiatives and market position.
Access real-time announcements including quarterly earnings, partnership developments, and sustainability milestones. Our curated collection ensures you stay informed about ILAL's land acquisition strategies, community projects, and regulatory compliance efforts.
Discover comprehensive coverage of:
• Financial disclosures and SEC filings
• Land development progress in Northern Mexico
• Eco-friendly construction initiatives
• Strategic alliances with technology partners
Bookmark this page for verified updates directly from corporate communications and trusted financial sources. For comprehensive analysis of ILAL's market performance, consult our quarterly reports section regularly.
International Land Alliance (ILAL) announced anticipated gross lot sales exceeding $60 million at its Oasis Park Resort. The company, holding a 25% interest in Rancho Costa Verde Development, reported an average of $250,000 in monthly lot sales and $50,000 in collections from its notes portfolio. With 1,344 residential lots available for sale at prices starting at $49,000, the project aims to meet the demand for affordable luxury housing in Baja California.
International Land Alliance, Inc. (OTCQB:ILAL) has launched a new fund to provide financing solutions for homesite construction at Rancho Costa Verde. The Company invested $4 million for a 25% stake in Rancho Costa Verde Development, LLC. The fund aims to raise $5 million and has already attracted over $1 million from existing homeowners. Currently, RCV has over 50 homes completed and 20 under construction. Located in Baja California, the community offers 1/4-acre lots starting at $22,500, emphasizing sustainable housing.
International Land Alliance (OTCQB: ILAL) announces an exclusive agreement with CleanSpark (Nasdaq: CLSK) to implement advanced solar-plus-storage solutions at its Plaza Bajamar development in Baja California. CleanSpark will oversee the engineering and development of renewable energy solutions for ILA's properties. The partnership aims to create a self-sustaining community, showcasing CleanSpark's advanced microgrid technologies. ILA's Merlot model homes start at $199,000, with a $10,000 promotional discount for shareholders through May 2021.
International Land Alliance, Inc. (OTCQB:ILAL) has appointed Frank Ingrande as President, effective May 17, 2021. Ingrande, a seasoned real estate professional, previously served at Rancho Costa Verde Development, which he co-founded. The company also finalized a 25% investment in RCV valued at $4 million, enhancing its portfolio in Baja California. This strategic move aims to leverage Ingrande's local expertise and RCV's marketing resources to meet growing demand for sustainable luxury homes.
International Land Alliance (OTCQB:ILAL) announced its participation in the Q2 Virtual Investor Summit on May 18, 2021, at 1:15 p.m. PT. The company will present and hold one-on-one meetings with institutional investors during the event.
The summit will feature over 80 companies and more than 300 investors, connecting smallcap and microcap businesses with qualified investors.
Registration is required to participate. More information can be found at www.investorsummitgroup.com.
International Land Alliance (OTCQB:ILAL) has announced four reservations for its Merlot model home at the Plaza Bajamar community, amounting to nearly 20% of Phase I's availability. The early demand is attributed to buyers capitalizing on initial pricing at $199,000, with shareholders benefiting from a lower price of $189,000 until May 2021. The community features luxury living within the Bajamar Ocean Front Hotel and Golf Resort, including planned amenities like a pool and fitness center. The official grand opening is anticipated to boost sales further.
International Land Alliance (OTCQB:ILAL) has signed a Letter of Intent to acquire a 25% stake in Rancho Costa Verde Development, LLC, a profitable developer of a 1,100-acre community in Baja California. This strategic acquisition aligns with ILA's growth strategy, enhancing its operational resources. The partnership is expected to leverage RCV's extensive sales experience, with over $500 million in residential sales in the last two decades. The agreement is subject to due diligence and customary conditions.
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.
