Nov 05 2008
Commercial real estate executives are bracing for the next landfall of the global financial crisis, cutting middle-management jobs and postponing hiring in late 2008, according to the 2008 SelectLeaders/Cornell Job Barometer, an annual assessment of the U.S. job market in real estate.
"It’s not looking good out there" said real [...]
Nov 05 2008
Amy Rubenstein CEO Milan Properties Inc.
U.S. CMBS loan performance continues to be stable as workouts corresponding to multifamily loans have offset preliminary weakening in the retail sector, according to Fitch Ratings in its latest U.S. CMBS loan delinquency index
"The proportion of delinquent multifamily loans as a percentage of all [...]
Nov 05 2008
The optimism in the housing markets spurred by the federal government’s action to place Fannie Mae and Freddie Mac into conservatorship this summer has been overtaken by the continued stress and panic in the financial markets, according to the Mortgage Bankers Association of America’s (MBAA) latest outlook.
The outlook preceded by [...]
Nov 05 2008
Schwarzenegger Tours Solar Rooftops in Los Angeles
Milan P. Rubenstein Milan Properties Blog
California Governor Visits Staples Center, Contessa Food Plant
Gov. Schwarzenegger (right) tours Contessa’s new food manufacturing plant with Contessa CEO John Blazevich.
California Governor Arnold Schwarzenegger made appearances on not one, but two rooftops Tuesday to tout major solar power systems [...]