Aug 27 2008
UNIVERSAL CITY, CA-Speakers at an affordable housing conference sponsored by the US Department of Housing and Urban Development here on Monday called for state, local and federal officials to work together toward reducing regulatory barriers that thwart the production of affordable work force housing. Affordable housing developments throughout the country are “stopped dead in their [...]
Aug 26 2008
WOODLAND HILLS, CA-The Western Region of the Houston-based Dinerstein Cos. has unveiled plans for a $130 million, 438-unit LEED Silver-certified luxury apartment project called the Millennium Warner Center that is slated to be ready for occupancy by summer of 2010. Josh Vasbinder, Beverly Hills-based West Coast partner with Dinerstein, tells GlobeSt.com that the company closed [...]
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 22 2008
Apartment operator IMT Residential purchased the apartment building at 12626 Burbank Blvd. in North Hollywood from private investors for $5.1 million or about $205,000 per unit.
The 25-unit, 28,269-square-foot multifamily was built in 1985.
Darin Beebower of Madison Partners represented the seller and the buyer.
Milan Perporties have bought and sold many [...]
Aug 21 2008
NEW YORK — Mortgage application volume fell last week to its lowest level in nearly eight years, the Mortgage Bankers Assn. said Wednesday.
The drop is the latest sign of a struggling housing market. On Tuesday, a Commerce Department report showed construction of homes and apartments fell in July to the lowest level in more [...]
Aug 20 2008
By Joel Burslem on Monday, August 18, 2008 Filed Under: Blogging, Internet
Tags: Real-Estate-2.0, Real-Estate-Marketing
In its September 2008 issue, alongside its reviews of tub cleaners and organic produce, Consumer Reports turns its critical eye on the real estate industry.
The publication polled a sample of 3753 readers who sold or tried to sell a home, 4029 [...]
Aug 19 2008
The government’s condition-laden plan to aid at-risk borrowers makes it clear: This won’t be a free ride.
By Kenneth R. Harney, Washington Post Writers Group
July 20, 2008
WASHINGTON — After six months of haggling and political gamesmanship, a massive housing-relief bill is heading for final approval.
Though it has hundreds of pages and dozens of [...]
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.
Aug 15 2008
Question: I have read your articles about mortgage brokers and lenders, and I still don’t know which to go to. Can you convert your generalizations into specific suggestions about who should see a lender and who should see a broker?
Answer: If borrowers could shop for home loans as easily as they [...]