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 [...]
Aug 12 2008
From Bloomberg News
July 17, 2008
Apartment rents in the Western U.S. rose 2.5 percent in the second quarter from a year earlier, slower than the rate of inflation, as unemployment increased and occupancies fell in most areas, according to research company RealFacts.
The average monthly rent in 15 U.S. states, most of which [...]
Jul 03 2008
32-Unit Multifamily Sells for $5.5M
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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 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 [...]
Apr 10 2008
Count the National Multi Housing Council (NMHC) among those that would target the mortgage market for change.
"The real problem in the housing market is not the oversupply problem, which the home buyer tax credit targets, but the liquidity problem. Investors have lost confidence in the mortgage market securitization process and until that confidence is [...]
Mar 24 2008
Borders May Sell Itself, Borrows from Main Investor
Borders Group Inc., the second- largest U.S. bookstore chain, put itself up for sale and halted its dividend as Chief Executive Officer George Jones said the retailer was unable to borrow money to remodel stores and pay for new technology.
The bookseller dropped the most in New York trading [...]
Feb 26 2008
Milan Management, parented by Milan Properties upgrades their buildings to make them more "green." Owners Milan and Amy Rubenstein find it a priority to make their buildings environmentally friendly. While these millionaires make it a point spend on bettering the environment and preserving the nature of our city, is the city of Los Angeles doing the same?
Kerry [...]
Feb 19 2008
Bob Howard of Globest .com writes about the 253-unit complex that hits the market at $75M. Milan and Amy Rubenstein of Milan Properties pass along the exciting news.
WESTLAKE VILLAGE, CA-The Orange County-based owners of the Townhomes at Westlake Village at 603 Hampshire Rd. have placed the 253-unit multifamily complex on the market at an [...]
Feb 19 2008
Marcus & Millichap informed Milan Properties this morning that Fairfield Residential LLC sold the 111,598-square-foot, 130-unit apartment complex at 4315 W. 182nd St. in Torrance, known as Palermo Apartments, to Realty Center Management Inc. for $25.1 million, or approximately $193,077 per unit.
Located 3 miles east of Hermosa Beach, this three-story complex is on 1.45 [...]