Feb 23 2009
All parts of the country showed big declines in building activity
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Economy in Turmoil
U.S. may hike stake in embattled Citigroup
Citigroup Inc. is in talks that could see the U.S. government take a bigger stake in the beleaguered bank, according to reports.
[...]
Nov 05 2008
Commercial real estate executives are bracing for the next landfall of the global financial crisis, cutting middle-management jobs and postponing hiring in late 2008, according to the 2008 SelectLeaders/Cornell Job Barometer, an annual assessment of the U.S. job market in real estate.
"It’s not looking good out there" said real [...]
Nov 05 2008
Schwarzenegger Tours Solar Rooftops in Los Angeles
Milan P. Rubenstein Milan Properties Blog
California Governor Visits Staples Center, Contessa Food Plant
Gov. Schwarzenegger (right) tours Contessa’s new food manufacturing plant with Contessa CEO John Blazevich.
California Governor Arnold Schwarzenegger made appearances on not one, but two rooftops Tuesday to tout major solar power systems [...]
Sep 17 2008
Are homeowners in denial?
Are they stubbornly — maybe irrationally — clinging to the belief that other people’s homes may be losing value, but theirs isn’t? How else, one wonders, to explain sellers who cling fast to pre-housing slump notions in this wacko market?
Or are they getting it — to the [...]
Sep 16 2008
The government takeover of Fannie Mae and Freddie Mac has sent mortgage rates tumbling, prompting homeowners and would-be buyers to flood loan offices with phone calls.
But there’s a catch: Although the lower interest rates make it easier to get a mortgage, many lenders this week also raised the minimum down payment they’ll allow on a [...]
Sep 15 2008
‘Equity release’ is the newest way to turn your home into a piggy bank. But the risks can be sizable.
By ANNE TERGESEN
September 13, 2008; Page R6
When Gladys Tully needed cash for some home projects, the 72-year-old decided to tap into the value of her $800,000 home near San Diego.
But rather than use a home-equity loan or reverse [...]
Aug 25 2008
SANTA MONICA, CA-Douglas Emmett Inc. has arranged a $365 million long-term loan to refinance the bridge loan that the REIT used in connection with its acquisition of a six-building portfolio totaling 1.4 million sf that it bought from Los Angeles-based Arden Realty in March. The company says that the nonrecourse loan bears interest at a [...]
Aug 18 2008
As times and loan conditions change, Milan Properties are ahead of the ball as they adapt with the changing times. With strong relationships with Deutsche Bank and Resource Real Estate and a fantastic credit history, the loan processing is all but guaranteed.
Ken Harney can be reached at kenharney@earthlink.net.
Jun 30 2008
“In Memory of George Carlin”
Quotes to Remember
“When cheese gets its picture taken, what does it say?”
“Give a man a fish and he will eat for a day. Teach him how to fish, and he will sit in a boat and drink beer all day.”
“I am” is reportedly the shortest sentence in the English language. [...]