Aug 12 2008
Unlike a bevy of construction projects across the country, development of the upscale 214-residence apartment high-rise at 717 W. Ninth St. in Los Angeles will not fall victim to the credit crunch, as Meruelo Maddux Properties Inc. has just closed on an $84 million construction loan. The 35-story structure, located across from the Staples Center [...]
Aug 06 2008
Are you purchasing, managing or developing with “Green” appliances? No not avocado green from the 1970’s.The question is are these appliances easy on the environment? Talk and action about “Green” is coming to the forefront as we [...]
Jul 13 2008
9 Powerful Forces to Make You Money! Milan Properties
by John V. Kamin
It’s hard to make money with money if you have little or no money. For most folks,
expenses just about equal income. One of Murphy’s Laws is: “Expenditures will rise to
meet income”. How can you save up money, if [...]
Jun 25 2008
5 Basic Guidelines for Managing Your Finances - Produced by Milan Management LLC & Milan Properties Inc. Written by RON LIEBER
THE stark truth about managing our money these days is that we are mostly on our own.
Few employers want us around for 40 years, so our income is likely to have ups and downs and disappear [...]
Jan 12 2008
Most buyers and sellers of real estate look at 1031 exchanges as an option as they
consider their investment agenda. They figure that they defer paying state and federal
capital gains taxes and depreciation recapture until they die and their estate goes to their
spouse, charity, their children or grandchildren. They may also be able to stave off the
alternative minimum [...]
Dec 18 2007
These pointers may be used for all types of real property acquisitions, but will be of
particular interest to those purchasing multi-unit dwelling structures.
NON-RECOURSE FINANCING
The most important tip that I can impart is to use your best efforts to negotiate a “non-recourse”
loan with the bank. A non-recourse loan is a loan for which the borrower [...]
Nov 29 2007
Commodity Buildings
Commodities are items that are functionally indistinguishable from each other.
Examples might be sheets of 8 ½ x 11 white typewriter paper, or comparably equipped
Ford Explorers, or even low end apartment buildings, wherein the individual units have
the same utility as all the other individual units in the area. Everything else being equal,
where do you buy [...]
Nov 17 2007
Capital Markets Remain
As you have most likely heard by now, credit markets experienced a new round of turmoil during the week of November 5th. The headlines are currently dominated by major Wall Street banks’ growing write-downs and departing CEOs stemming from bad loans in the residential sub-prime category. The result is that spreads [...]
Nov 12 2007
Creating Income with Charitable Planning
Many people assume charitable giving simply involves giving money away, never to be seen
again. But implementing a charitable giving program may actually help investors achieve
important financial goals while saving substantially on taxes. And current market and interest rate
conditions can make certain charitable gifting vehicles even more beneficial.
A properly structured gifting program [...]
Oct 28 2007
Dr. Greenspan often mentions the “wealth effect”. But consider the other side of the coin, total USA
debt is estimated at $32 trillion and growing; in excess of $115,000 per person. Much of this debt was
created during the Clinton years, although debt rises every year, recession or boom!
FACT: USA buys about 25% of [...]
Oct 26 2007
The question of the day for commercial real estate investors is: What is the effect of a
slowing economy and possible recession on valuations? The run-up in values for some
sectors has raised alarms, and opinions range from “no more than a ripple” to “impending
doom.” For investors, there is much to consider in plotting our course.
Along with [...]