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 [...]
Feb 13 2008
Amy and Milan Rubenstein of Milan Properties (parent company of Milan Management) have not suffered from any distress in the market but report findings from other Rubenstein’s and other companies. David Rubenstein, co-founder and managing director of The Carlyle Group, says private equity funds have some atonement to do for their sins. Also, limited liquidity [...]
Jan 11 2008
$500 Million LA Acquisition Sets Record, But Bigtime Busts Also Abound in Quirky Multifamily Market
Call it: "Condo Affluenza." Condominium investment has always been especially prone to cyclical booms and busts, and the fortunes of two high-end projects show just how Jekyll-and-Hyde the market can be.
In a $500 million acquisition — one of the most [...]
Dec 02 2007
Capital gains on investments held for one year or less are generally short-term capital gains, which can be taxed at ordinary income tax rates. For investments held over one year, the maximum long-term capital gains tax rate is 15 percent, or 5 percent for individuals in the 10 and 15 percent tax brackets. For the years 2008-2010, the rate [...]
Nov 17 2007
Median Home Price Finally Falls
PROPERTY: October tumble is a first since housing crunch began.
For the first time since the long national housing slide began, the median price of a house
that sold in Los Angeles County was lower than the same month a year before, according
to new figures on home sales in October. The number of [...]
Nov 08 2007
Wouldn’t you like to know the tested methods that work? Wouldn’t it be fine to go to sleep
each night knowing that your property was increasing in value yearly, monthly, and sometime seven weekly.
1. One strategy that I have tested and that works is searching for old houses on acreage with
potential commercial frontage. My motto [...]