On its own, the Southern California economy would rank as the world’s 12th largest. With nearly twenty-two million residents Southern California stands out as the second most populous “mega region” in the nation. Extraordinary entitlement processes cause a perpetually undersupplied new home market and high barriers to entry for those on the sidelines. Although current market conditions have frozen land sales, an improving economy and return to more normal conditions will bring opportunities. Capitalizing will require Value Preservation including diligent maintenance of entitlement, environmental permits and existing improvements so that land is properly positioned when the recovery arrives. The Stonegate/Newland Team and our affiliates have capabilities in Southern California as well as offices and personnel in neighbor states and Newland has offices and personnel coast to coast.