Milongapartner Investment & Property Mgnt.

Monday, June 2, 2014

CIM Group Leases 39,000 SF of Retail Space in Hollywood

CIM Group has leased a 39,000-square-foot, one-story retail building at the Hollywood and Western mixed-use redevelopment project in Los Angeles. The new tenants are Marshalls and Petco. Marshalls will take 24,000 square feet, while Petco will take the remaining 15,000 square feet. Both stores are expected to open in 2014. Things are really starting to shape up at the development, as CIM also recently signed Yogaworks to a 3,000-square-foot space at the 163-unit Gershwin Apartments, the first phase at the Hollywood and Western project.

Friday, May 2, 2014

Commercial Real Estate Outlook

The worst may be over for the U.S. commercial real estate industry. In fact, well over half of industry participants – including developers, investors, lawyers and financiers – are now signaling that markets are entering a period of recovery. Cautious recovery is evident, with three out of five executives describing their outlook as opportunistic – and just over one in 10 additional executives saying their behavior will be aggressive, since they see conditions as ripe for long-term investments.

Seeking to gauge conditions and outlooks for the industry, Forbes Insights, in association with CIT (NYSE: CIT), a leading financial services company serving the real estate community, conducted an October 2013 survey of industry participants. Interpreting responses from 208 senior, U.S.-based middle market commercial real estate executives, the survey reveals that:

• Commercial real estate is in cautious recovery

• Markets are mixed, but feature both aggression and opportunism

• Trends in interest rates and unemployment top industry concerns

• Taxation and regulation are hindering performance

• Though government budgets may be tight, investors want tax credit and incentives concessions

• Financing ranges from overabundant to spotty

Monday, April 7, 2014

Apartment Investment

The Apartment Investment are doing very well in this market conditions. We managed Apartments in various market area in Los Angeles, California. Our experience in the Apartments goes back to 1984.