Milan Properties, Inc

 
Written by Keith Dornin
Group Sells Sylmar Multifamily Complex for $22M
Investor Buys 171-Unit Homewood Garden Apts.
 
 
 

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Tags: $22m, complex, investor, levy.meir, milan properties, multifamily, rexax, sylmar

Borders May Sell Itself, Borrows from Main Investor
Borders Group Inc., the second- largest U.S. bookstore chain, put itself up for sale and halted its dividend as Chief Executive Officer George Jones said the retailer was unable to borrow money to remodel stores and pay for new technology.

The bookseller dropped the most in New York trading [...]

Tags: Article of the Week, milan management

Shares in CB Richard Ellis Group Inc. closed up 13 percent Monday after hedge fund Lone Pine Capital LLC increased its stake in the real estate investment trust to 6.6 percent.

The Greenwich, Conn.-based fund, run by Stephen Mandel, now holds about 13.2 million shares in the El Segundo-based firm, a filing filed [...]

Tags: CB Richard Ellis Group Inc.

A sprawling KB Home condo project under construction in Woodland Hills was engulfed by flames this morning, causing damage to about one quarter of the 191-unit condo complex.
Firefighters contained the blaze, but not before it sent a tower of smoke rising above the West Valley. The fire ripped through a wing of [...]

Tags: fire, KB, milan, Woodland Hills

 
Sales of existing homes in California dropped 29 percent in February and the median home price fell 26.2 percent compared to a year ago, the California Association of Realtors said Monday.
There were 343,220 closed sales of detached single-family homes in February with a median price of $409,240. The declining sales prices reflected a 4.8 percent [...]

Tags: home, milan, prices, properties

Capital Alert - Interest Rates Fall as Investor Confidence in Economy Weakens
Interest rates for commercial mortgages fell 15 to 20 basis points as investors flocked to the safety of government debt, further depressing yields. The 10-year U.S. Treasury yield closed yesterday at 3.33 percent down 9 basis points for the week. Five-year swaps ended the [...]

Tags: capital alert, economy, interest rates, investor, milan properties

David Lazarus of the LA Times Business writes about the high cost of rent in Los Angeles. Milan Properties and Milan Management have almost 100% occupancy in numerous apartment buildings which are scattered in different communities in Los Angeles County. Milan and Amy Rubenstein rehab their buildings to make them feel like "home" to their tenants. Their rental [...]

Tags: city hall, coalition of community, housing la, Milan and Amy Rubenstein, milan properties, www.milanleasing.com

Milan Properties has recently purchased a few multi-million dollar deals and has not seen a shortage in supply. However, the National Multi Housing Council has stated that the multifamily property market must significantly increase in supply to meet demand in the years ahead. Milan and Amy Rubenstein have not only purchased buildings, but are selling at a rapid rate as well. [...]

Tags: increase in people renting, milan and amy rubenstien, milan properties, millionaires, national multi housing council

"All American" apartment owners Milan and Amy Rubenstein want to know what many other Americans want to know, Is the economy heading in the wrong direction? Milan P. Rubenstein, owner of Milan Properties and multi-millionaire discovers that not everyone is as optimistic as he has been. Milan and Amy Rubenstein have continued to close multi-million dollar deals and [...]

Tags: bureau of labour, Milan and Amy Rubenstein, milan properties, multi-millionaire, plummeting home prices