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. [...]
Jun 30 2008
Milan Properties News: Los Angeles-based homebuilder KB Home reported a second quarter loss Friday that was more than three times greater than analysts expected, sending shares down nearly 7 percent.
The second-quarter net loss, KB’s fifth consecutive quarterly loss, was $256 million (-$3.30 per share). Wall Street was expecting a loss of 94 cents per [...]
Jun 30 2008
Beverly Hills real estate company Kennedy Wilson said Friday that it has purchased 6100 Wilshire, a 16-story office building on the southwest corner of Wilshire Boulevard and Fairfax Avenue in the Miracle Mile area, for an undisclosed price.
The company said it will modernize the building, which has a total of 213,961 rentable square feet and [...]
Jun 25 2008
"We learn a lot about investing by watching kids play the classical game of "Musical Chairs". So long as the music is playing, it really doesn’t matter that there are too few chairs. Having a chair to sit on only becomes important when the music stops – which it does every now and again" ~ [...]
Jun 24 2008
CLIENT FOCUS
Milan Properties Inc. & Milan Management LLC
Proven Technology + Savvy Business Strategy =
Accelerated Growth and Profit
Milan Rubenstein knows what it takes to be successful. He began his real estate career as an apartment manager for R/E Max Commercial, moved into commercial sales [...]
Jun 18 2008
Omer Ben-Zur, GSP Assistant Vice President, published an overview of the real estate capital markets in the June 2008 issue of Commercial Mortgage Insight. Below is a summary of his article titled “A Few Encouraging Signs, But Market Remains Illiquid.”
· Since August 2007, commercial real [...]
Jun 15 2008
Pacific Pointe
LOS ANGELES-Locally based Chesapeake Real Estate Value Investors, a fund managed by Legg Mason, has financed two acquisitions [...]
Jun 15 2008
Chrysler Building
Is it just me or is there some bitter irony to the fact that the Abu Dhabi Investment Council is reportedly buying a 75% stake in the Chrysler Building for $800 million?
Yes, as you stand there, sweating under the heat of the [...]
Jun 15 2008
Rates continued their upward climb with the 10-year U.S. Treasury closing out the week at a yield of 4.26 percent, an increase of 32 basis points since its close last Friday. Swaps also increased with the 10-year swap at 4.96 percent and the 5-year swap at 4.65 percent. This swap spread increase translates to an [...]
Jun 11 2008
Living trusts have become popular estate planning tools, but does everyone need one? Answers to these common questions about living trusts may help you decide whether to consider a living trust:
What is a living trust? With a revocable living trust, you transfer ownership of assets you choose to a trust while you’re alive. The [...]