May 30 2008
Milan Rubenstein Market Outlook from Marcus & Millichap
National Apartment Report
Commercial Real Estate Outlook
Milan P. Rubenstein 5369 W. Pico Blvd. 2nd Floor, Los Angeles. CA 90019 Phone 323-933-4903
Archive for May, 2008
May 29 2008
Santa Monica Apartment Complex Sells for $8 Million
Private Trust Sells 30-Unit Casa Del Mar Property to Investor
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May 29 2008
Milan Properties Comparable Sales
Riverstone Apartments Trade for the Third Time in just Four Years
Western San Gabriel Valley Apartment Complex Sells for $6.85 M
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May 29 2008
Milan Properties Reports: Apartment Building Sells for $5.85 Million in Sherman Oaks
GF Properties Buys Complex in Sherman Oaks for $300,000/Unit
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May 29 2008
Internet Brokers Vs. Residential Real Estate Brokers
The National Association of Realtors reached a proposed settlement with the U.S. Department of Justice that requires NAR to allow Internet-based residential real estate brokers to compete with traditional brokers.
NAR will enact a new policy that guarantees that Internet-based brokerage companies will not be treated differently than traditional brokers. Under the new policy, [...]
May 29 2008
MBS Cos. Multifamily Defaults Having Very Little Impact on CMBS Ratings: Milan Properties brings the best commercial real estate news
Milan Properties and Milan Management can be reached at 323-933-4903
MBS Cos.’s huge multifamily Texas portfolio has taken a 15% hit in valuation since CoStar Group brought the company’s massive defaults to light in December 2007. However, the good news according to Fitch Ratings the MBS loan defaults will have little effect on investment grade [...]
May 26 2008
Milan Properties Inc. News: Starbucks is not adding new stores in the U.S.
Starbucks slammed on the brakes Wednesday, saying it will slow U.S. growth to fewer than 400 stores annually beginning next year, down from 1,788 new U.S. stores last year.
The coffee-shop juggernaut will ramp up its international store growth, but overall Starbucks is easing off a breakneck pace of seven new stores a day in [...]
May 20 2008
KB Home Ratingings are going down - Milan Properties News
Standard & Poor’s Ratings Services lowered its corporate credit and senior note ratings on KB Home late Monday, sending shares down 4 percent early Tuesday.
The rating agency said it lowered the credit rating for the Los Angeles homebuilder to ‘BB’ from ‘BB+’, reflecting the company’s weak first quarter results and very difficult housing market.
Standard & [...]
May 18 2008
Milan Properties Inc. Invests $5M in Carson Multifamily
Milan Invests $5M in Carson Multifamily
Catalina Capital Sells 41 Units at 539 E. Lomita
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May 18 2008
Countrywide Down on Bank of America Downgrade - Milan Rubenstein
Shares of Countrywide Financial Corp. tumbled more than 17 percent Monday morning after an analyst recommended that Bank of America Corp. abandon its takeover of the troubled lender.
Friedman Billings Ramsey & Co. analyst Paul Miller cut his rating on Countrywide. “Bank of America should completely walk away from the Countrywide deal, as Countrywide’s loan portfolio [...]