Feb 26 2008
Milan Management, parented by Milan Properties upgrades their buildings to make them more "green." Owners Milan and Amy Rubenstein find it a priority to make their buildings environmentally friendly. While these millionaires make it a point spend on bettering the environment and preserving the nature of our city, is the city of Los Angeles doing the same?
Kerry [...]
Feb 26 2008
By Joe Light, Money Magazine staff reporter February 13 2008: 6:52 AM EST
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Sigrid Crane couldn’t understand it. The tax assessor for the town of Vienna, Va. pegged the value of her home in 2007 at $570,000, up $20,000 from the year before, despite the fact that the local market had already gone south. Crane [...]
Feb 26 2008
Milan Properties reports the "Morning Buzz" by Paul La Monica of CNNMoney.com. What is he saying? Paul writes that we need to get ready for a recession…in 2009.
High inflation may keep the Fed from lowering interest rates much further…and that could lead the economy to weaken even more next year
By Paul R. La Monica, CNNMoney.com [...]
Feb 19 2008
Bob Howard of Globest .com writes about the 253-unit complex that hits the market at $75M. Milan and Amy Rubenstein of Milan Properties pass along the exciting news.
WESTLAKE VILLAGE, CA-The Orange County-based owners of the Townhomes at Westlake Village at 603 Hampshire Rd. have placed the 253-unit multifamily complex on the market at an [...]
Feb 19 2008
Milan Properties relays an article from Allen P. Roberts Jr. of labusiness journal.com:
Countrywide Financial Corp. said Monday that it will expand its existing programs to help borrowers with subprime loans who are struggling.
Countrywide said that the program is the culmination of a deal the Calabasas-based lender had reached with the Association of Community Organizations [...]
Feb 19 2008
Nidal A. Barakat purchased the 30,250-square-foot multifamily property at 10937 Fruitland Drive in Studio City, CA. Stratus Real Estate Inc. sold the 44-unit complex for $7.25 million, or approximately $164,773 per unit. The property was built in 1971 and is two stories tall.
Owners Milan Rubenstein and Amy Rubenstein of Milan Properties have buildings of similar size in [...]
Feb 19 2008
Marcus & Millichap informed Milan Properties this morning that Fairfield Residential LLC sold the 111,598-square-foot, 130-unit apartment complex at 4315 W. 182nd St. in Torrance, known as Palermo Apartments, to Realty Center Management Inc. for $25.1 million, or approximately $193,077 per unit.
Located 3 miles east of Hermosa Beach, this three-story complex is on 1.45 [...]
Feb 19 2008
Another loan sale from MBS Cos.’ crumbling multifamily empire in Texas is coming to market. Mission Capital, a New York investment banking firm, is auctioning off a $3.65 million nonperforming loan backing the 152-unit The Trails apartment complex in Fort Worth TX.
The Trails is close to the intersection of Loop 820 and Highway 80, [...]
Feb 13 2008
Facility Closures and Permanent Mass Layoffs Everywhere but Milan Management
USF Holland and USF Reddaway, subsidiaries of YRC Worldwide Inc. will be closing certain service centers within their service territories. The closings are expected to occur Feb. 22. USF Reddaway will close 21 terminals in Louisiana, New Mexico, Oklahoma and Texas and USF Holland will close [...]
Feb 13 2008
Gordon Brothers Group of Melville, NY, has acquired through bankruptcy auction the majority of assets of Quaker Fabric Inc. in Fall River, MA. Assets include all raw and finished fabric inventory, machinery and equipment, intellectual property, trademarks, patents and real estate.
DJM Realty, the real estate division of Gordon Brothers Group, purchased Quaker’s five industrial [...]