Feb 23 2009
All parts of the country showed big declines in building activity
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Economy in Turmoil
U.S. may hike stake in embattled Citigroup
Citigroup Inc. is in talks that could see the U.S. government take a bigger stake in the beleaguered bank, according to reports.
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Jun 11 2008
To reach your full potential as a leader, apply these eight laws identified by retired Air Force Reserve Maj. Gen. William A. Cohen, as a professor of leadership at California State University, Los Angeles:
1. Maintain absolute integrity. When Leonard Roberts became CEO of Arby’s, the fast-food chain was struggling. He turned it around by promising [...]
May 30 2008
National Apartment Report
Commercial Real Estate Outlook
Milan P. Rubenstein 5369 W. Pico Blvd. 2nd Floor, Los Angeles. CA 90019 Phone 323-933-4903
May 18 2008
Shares of Countrywide Financial Corp. tumbled more than 17 percent Monday morning after an analyst recommended that Bank of America Corp. abandon its takeover of the troubled lender.
Friedman Billings Ramsey & Co. analyst Paul Miller cut his rating on Countrywide. “Bank of America should completely walk away from the Countrywide deal, as Countrywide’s loan portfolio [...]
Apr 10 2008
MBS Cos. Loans Go Up for Auction
Mission Capital Advisors LLC has been retained as the exclusive loan sale advisor for the sale of a portfolio of a $202 million commercial mortgage loan portfolio secured by various multifamily apartments in Texas controlled by MBS Cos. The loans are either non-performing, involved in bankruptcy or bankruptcy-stay lifted. [...]
Feb 26 2008
By Joe Light, Money Magazine staff reporter February 13 2008: 6:52 AM EST
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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
Milan Properties relays an article from Allen P. Roberts Jr. of labusiness journal.com:
Countrywide Financial Corp. said Monday that it will expand its existing programs to help borrowers with subprime loans who are struggling.
Countrywide said that the program is the culmination of a deal the Calabasas-based lender had reached with the Association of Community Organizations [...]
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
Gordon Brothers Group of Melville, NY, has acquired through bankruptcy auction the majority of assets of Quaker Fabric Inc. in Fall River, MA. Assets include all raw and finished fabric inventory, machinery and equipment, intellectual property, trademarks, patents and real estate.
DJM Realty, the real estate division of Gordon Brothers Group, purchased Quaker’s five industrial [...]