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 [...]
May 20 2008
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 & [...]
Feb 26 2008
By Joe Light, Money Magazine staff reporter February 13 2008: 6:52 AM EST
cnnad_createAd(”592722″,”http://ads.cnn.com/html.ng/site=cnn_money&cnn_money_position=220×200_ctr&cnn_money_rollup=real_estate&cnn_money_section=quigo¶ms.styles=fs”,”200″,”220″);
Sigrid Crane couldn’t understand it. The tax assessor for the town of Vienna, Va. pegged the value of her home in 2007 at $570,000, up $20,000 from the year before, despite the fact that the local market had already gone south. Crane [...]
Feb 26 2008
Milan Properties reports the "Morning Buzz" by Paul La Monica of CNNMoney.com. What is he saying? Paul writes that we need to get ready for a recession…in 2009.
High inflation may keep the Fed from lowering interest rates much further…and that could lead the economy to weaken even more next year
By Paul R. La Monica, CNNMoney.com [...]
Feb 19 2008
Nidal A. Barakat purchased the 30,250-square-foot multifamily property at 10937 Fruitland Drive in Studio City, CA. Stratus Real Estate Inc. sold the 44-unit complex for $7.25 million, or approximately $164,773 per unit. The property was built in 1971 and is two stories tall.
Owners Milan Rubenstein and Amy Rubenstein of Milan Properties have buildings of similar size in [...]
Feb 13 2008
TPG Residential, which has been plumbing for deals in Japan the past few years, is ready to turn its attention back again to the United States.
The Picerne Group formed the San Juan Capistrano, CA-based group following the successful acquisition of Crown Pacific Properties in 2006. It was established to provide The Picerne Group with [...]
Jan 19 2008
IL Group Acquires Manhattan Beach Apt. Complex
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Nov 16 2007
A significant increase in revenue due to acquisitions and organic growth helped boost CB Richard Ellis Group Inc.’s results for the second quarter, the company said Monday.
The company reported net income of $141.1 million, or 59 cents a share, up from $64.3 million, or 27 cents a share, in the year-ago period. Revenue was $1.49 [...]