Land for sales sale in real estate marketing

Linden Lab used to sell land in small 512 m² blocks (16 by 32 meters) through its First Land program, but that program has been discontinued. They still sell entire 16 acre (65,536 m²) regions. SL real estate is limited in terms of primitive count and parcel size for a contiguous parcel of land, the largest being 65,536 m² (a "sim"), which can contain up to 15,000 primitives. There is an "additional" 1,000 prims held in reserve for the attachments worn by avatars, such as clothing and accessories.

A private island sim costs 1,000 USD (formerly 1,675 USD) setup, plus 295 USD per month maintenance.

OpenSpace regions (sims) are "low prim" sims and allow 3,750 prims per region. The cost is US$250 with US$75 monthly maintenance fees (tier fees).

Mainland regions are auctioned off by Linden Lab, and usually sell for a few thousand US$. (There was a market high in 2006 of about US$4000.) Owners also incur a monthly maintenance fee. Linden Lab also auctions smaller parcels when they are abandoned by their owners.

Residents also buy and sell land to other Residents, often hoping to make a profit by selling the plots of land at a price higher than the original purchase cost. One approach is to develop the land by adding desirable buildings, businesses, or landscaping. A more speculative approach is to buy land in bulk, divide it into parcels, and sell or rent the parcels.

This free market can be affected by Acts of Linden For example, Linden Lab can decide to deploy a large number of new servers, thus creating unexpected supply of land, possibly causing land prices to decrease.

Another development is the landbot. A landbot is an automated mechanism for purchasing land that is for sale, based on specific criteria or sometimes unconditionally. Landbots are sometimes used by residents with large real-estate holdings to automate the purchase of available . Some abuses (or alleged abuses) have occurred, with landbots buying land so quickly that a resident who accidentally sets the price of a parcel to L$1 or fails to designate an authorized buyer loses the land to the landbot before he or she can correct the mistake

However, objects cannot purchase land automatically, due to limitations in the scripting language.

Real estate (Second Life)

second life, an online world owned by Linden Lab has been operating since 2003.^[1] Both Linden Lab and Second Life's Residents make money from Second Life through the trading and use of virtual real estate.^[2] Residents use the virtual real estate feature when they require permanent in-world storage of the content they have created or otherwise own.^{[citation needed]}

Land ownership

Premium members (users who pay a monthly fee to Linden Labs) have the ability to own land on the mainland. Landowners pay no additional fees to Linden Lab if they own 512 m² or less. An owner of larger areas of land must pay an increasing additional fee (what Linden Lab calls "tier") ranging from US$5 a month up to US$295 a month for an entire 65,536 m² of land or individual island. The issue of "ownership" now is questionable. Mr. Rosedale recently characterized all "ownership" as leasing time on Linden's servers. The issue of land ownership was at dispute in the Bragg v. Linden lawsuit, which was settled out of court.

Estate owners can "sell" land to anyone they please, even a non-premium member. The estate owners have the power to take land away from their tenants at any time; hence upfront purchase prices tend to be lower on the private estates than on the mainland. On the other hand, the private estates also offer a more controlled environment, hence monthly tier tends to be higher.

Mainland vs. Private Estate Regions

Land on the Second Life grid can either be on the Mainland or on an Estate. Land can be owned either by an individual avatar or by a group. Estate land can be created whenever a user pays the start-up fee. Mainland comes into existence only when Linden Lab's management decides to create some. Linden Lab tends to be cautious about doing so, in order not to drive the price of existing land down too far. New mainland is usually auctioned off to dealers who subdivide it and sell it to other avatars, although Linden Lab does hold on to some Mainland for its own use.

The grid is made of identically sized regions (also called "sims"), each 65,536 m² in size. Each standard sim can support up to 15,000 prims. There is a limit to how many avatars can be on a sim, depending on the sim type. Mainland sims can support a maximum of 40 avatars, full regions can support up to 100 avatars, homestead regions can support up to 20 avatars, and openspace regions can support up to 10 avatars. On private estates, estate managers can set the maximum number of allowed avatars to less than the hard maximum.

An estate is an isolated group of one or more (usually contiguous) regions, all controlled by an estate owner who rents land to users. The estate owner pays a monthly "tier" fee to Linden Lab for the use of the space: the standard rate is $295/month for a "Private Region." Non profit users are eligible for a 50% discount, and sometimes Linden Lab makes regions available for free for special projects. The servers are owned by Linden Lab itself, not by the estate owner (although there is one famous exception to this rule: 's many regions are housed on IBM-owned hardware behind IBM's firewall.)

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Real Estate News

Title:
NORRIS & STEVENS/TCN WORLDWIDE ANNOUNCES NEW BROKER
Client Name:
Norris & Stevens
Company:
Norris & Stevens, Inc.
Article:

PORTLAND, OR, JUNE 1, 2009 - Norris & Stevens/TCN Worldwide, one of the largest commercial real estate brokerage and property management firms in the northwest, recently added Duane Link, Senior Broker, Office Sales & Leasing.
"We are pleased to welcome Duane Link to our growing team of professionals at Norris & Stevens," said J.C. Kootnekoff, Director of Sales and Leasing. "His knowledge of both sides of the transaction provides him a unique perspective."
Duane joins Norris & Stevens after 8 years with Canterbury Commercial Real Estate. At Canterbury, he managed all aspects of sales, leasing, and tenant and landlord representation in both the commercial and residential real estate sectors. Prior to Canterbury, Duane spent 18 years in programming, managing and marketing radio stations in New York and Portland.
"We look forward to the positive impact Duane will have on our organization and clients," said Mr. Kootnekoff.
About Norris & Stevens
Since its founding in 1966, Norris & Stevens/TCN Worldwide, has grown to one of the largest locally owned commercial real estate firms in Oregon and SW Washington. Ranging from property management, to corporate relocations, to investments, to development, to leasing and sales opportunities, the firm offers the market knowledge and experience to assist any company or individual faced with a real estate challenge.
About TCN Worldwide
TCN Worldwide, a consortium of independent commercial real estate firms, provides complete integrated real estate solutions locally and internationally. With approximately $20.7 billion in annual transactions and over 80 million square feet of space under management, the organization ranks as one of the largest service providers in the industry. An extensive range of real estate services coupled with a personal commitment to exceed client expectations is what allows TCN Worldwide to be a leader within the commercial real estate industry. Formed in 1989, TCN Worldwide is comprised of over 1,200 commercial real estate professionals serving more than 200 primary and secondary markets worldwide.
For more information on Norris & Stevens/TCN Worldwide, contact its Portland, OR Headquarters at 503.223.3171 or visit their website at For more information on TCN Worldwide, contact H. Ross Ford or Claudia E. Crow at 972-769-8701 or visit