Feb 23 2009
By Bob Howard
Olympic Studios
SANTA MONICA, CA-Developer Neil Shekhter of NMS Properties thought small to create his recently opened Olympic Studios, a project of 165 two-story lofts where the units average 375 square feet and rent for $1,061 to $1,327. Shekhter has rented out [...]
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
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 [...]
Sep 03 2008
Weekly Market Insight
GDP Vs. Job Growth
September 1, 2008
Gross domestic product, the output of goods and services produced in the U.S., grew at a revised rate of 3.3% annualized in the second quarter. In the first half of the year, annualized GDP rose 2.1% even as the labor market shed 463,000 net payroll jobs through [...]
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 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 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 [...]