Formerly known as the “Home Savings Tower,” this two-time winner of the BOMA “Office Building of the Year Award” is a trophy office building in the Downtown Los Angeles Central Business District. Situated directly above three main lines of the Los Angeles MTA subway system, this property is home to the famous “Sky Lobby,” decorated with renowned murals and vaulted ceilings, and is a past winner of the Rose Award for “Best Structure.” Figueroa Tower’s prestige has made it home to many of the area’s most prominent law firms and corporations, such as HSBC’s Bank USA, which established its regional west coast headquarters and first full-service retail banking branch in Los Angeles.

This property was Milbank's first investment in the United States. Since the purchase, it has undergone major renovations through Milbank's in-house construction department, most recently in excess of $1.5 million. Throughout ownership, Milbank has consistently maintained occupancy above 90 percent.

Milbank acquired three acres of undeveloped land on the “Las Vegas Strip” and broke ground on this major residential development within a year. Sky Las Vegas is the first luxury residential high-rise building ever completed on the Las Vegas Strip. Three floors of high-end retail commercial space and 44 stories of luxury residences, with unmatched views of the entire city of Las Vegas and surrounding mountains. This high-end project boasts more than an acre of amenities, including a pool, racquetball court, putting green, movie screening room, business center and banquet facilities. By the end of construction in April 2007, the project had impressively pre-sold and closed more than 85 percent of the residential units.

Milbank transformed this historic Los Angeles landmark building into adaptive reuse condominium residences, combining historic décor with cutting-edge modern architecture and functionality.  The Roosevelt, with its prime location in the heart of Downtown, offers 222 exquisite single and multi-level, open space floorplans up to 2,700 square feet. Luxurious amenities include a rooftop pool with cabanas, on-site valet parking, climate controlled wine cellar and designer kitchens. The property is located directly above three MTA subway lines and is in close proximity to 4 major freeways. Prior to conversion, the property needed vast improvements. Milbank leveraged this requirement through the condominium conversion and construction project, which coincided with an overall renaissance of the area and residential migration into Downtown LA.

After acquisition in 2006, Milbank began major renovations to revitalize and re-establish this prestigious building as the anchor of Downtown Oklahoma City after years of neglect.  This elaborate historic building offers tenants the luxuries of awe-inspiring Art Deco and Neoclassical architecture and design, unparalleled location at the “100 Percent Corner,” an outstanding 1 million square feet of office and retail space, and direct access to the Underground tunnel system. Emphasis at First National Center is now placed on style and service (on-site leasing and management), with the prestige most often found in major metropolitan cities. The property also features the grandiose Great Banking Hall, an elegant entrance of enormous proportion accessible by way of impressive Crab Orchard stone stairs, that exhibits  four original wall murals each depicting a chapter of Oklahoma history. 

As one of Milbank’s most recent residential projects, Cielo is a luxury mixed-use project comprised of approximately 525 residential units, retail space, along with expansive under- and above-ground parking.  Cielo Phoenix offers unparalleled views of the exquisite Arizona mountains at every vantage point, state-of-the-art amenities, easy access to the dining and shopping attractions of the Camelback corridor as well as downtown’s cultural and sporting venues.  Convenience is enhanced further by the new Light Rail system and its connection to major entertainment venues in Tempe.  

Milbank acknowledged Houston’s strong local economy, population and job growth, and favorable state tax laws by acquiring numerous properties in the area. At the time of acquisition, the three Atrium North Belt commercial office buildings were fully occupied and generating positive cash flow with in-place rental rates below market. Milbank seized the opportunity to improve the properties’ overall condition through aggressive management and leasing programs to reposition them from Class C to Class B and to increase rents.  Situated just minutes from Bush Intercontinental Airport with freeway visibility, these Greenspoint submarket properties are ideal for both small entrepreneurial and large business use. Each floor’s balcony-style hallways overlook a sun-lit ground floor lobby with atrium and glass elevators.

Milbank identified the Bronx borough of New York as one of the last boroughs to offer affordable rent, which would also be positioned to undergo significant gentrification. These multi-family assets had poor prior ownership with a history of neglect. Milbank identified the assets as having added value for its investors and that revitalization would occur by infusing the capital necessary to improve the condition of the buildings, as well as aggressively pursuing the collection of past-due rents – allowing for an improved tenant base and increased rental income from the properties. Milbank provides full-service management that covers all leasing and renewals, the demolition and renovation of units, billing, collections, Section 8 and low-income housing compliance, as well as litigation related to evictions, collections and other legal general matters.

After purchasing this nearly empty building located on the “Sunset Strip,” Milbank spent more than $1.5 million in renovations and brought it to near-full occupancy. Milbank procured and maintained high-profile tenants such as the Los Angeles Film School, Oscar® nominee Diane Warren, the Producer’s Guild of America, and Light Bulb Entertainment (a division of Viacom Entertainment). The property was profitably sold to the Los Angeles Film School in 2004.

Milbank purchased a defaulted promissory note secured by a deed of trust and foreclosed on this property. Located adjacent to the Capitol Records Building at the corner of Hollywood Boulevard and Vine Street, Milbank developed a mixed-use project that includes a five-level subterranean parking structure, underground public storage facility and street-level retail businesses, all complimented by a 6-story, 75-unit residential component.  The project plans and property were profitably sold in 2006.

Milbank negotiated with Great Western Bank to purchase a non-performing note and deed of trust related to this property, located on the northwest corner of Hollywood Boulevard and Highland Avenue. Milbank foreclosed on the property, performed substantial renovations, and within 18 months of foreclosure increased the building’s occupancy level to nearly 70 percent. The property was sold to TrizecHahn Development Company in 1998 and has since been incorporated into the company’s $600 million master development of the Kodak Theater and the Hollywood & Highland project.

Milbank purchased this historically registered landmark commercial building and remodeled the property. Through the use of its in-house leasing team, Milbank increased the occupancy to more than 95 percent. The property was then profitably sold in 2002.

Milbank purchased this distressed property and revitalized it by investing more than $350,000 in construction and renovations. Through Milbank’s in-house leasing team, the occupancy was raised to more than 85 percent, and was then profitably sold in 2004.

Milbank purchased this promising property in 2005. Milbank is in the process of redeveloping this under-utilized property to maximize its land potential. After the expiration of two short-term leases, Milbank plans to add an expanded retail component to the property. 

After Milbank’s acquisition of this property, Milbank successfully negotiated a long-term lease agreement with Brooks Fiber Communications (which was subsequently acquired by MCI WorldComm) in order to anchor the property. Milbank also constructed a telecommunication fiber optic switchboard on-site, and has continued to actively lease the building. Plans are in development for $1.5 million renovations to upgrade the building’s infrastructure.

Located on the corner of Hawthorne Boulevard and Imperial Highway, this medical office building was purchased by Milbank in 1991. After acquisition, Milbank’s construction department performed extensive renovations and increased the building’s occupancy from a mere 20 percent, to more than 90 percent by the time the property was profitably sold in 2004.

Milbank purchased this distressed property located at the northwest corner of Florence Avenue and Alameda Street in Huntington Park, with an intent to aggressively lease the property to maximum occupancy. Anchored by Burger King, Milbank raised the occupancy level by 35 percent and sold the property in 2001, fully occupied. Milbank continues to serve as the property management company for the current owner.

Milbank acquired this parcel of land located on the corner of St. Rose Parkway and Seven Hills Drive, then subdivided it to meet the community’s need for a local U.S. Post Office. Milbank had preliminary plans for developing the remaining parcel into a retail shopping center and commercial condominium park, but the parcels were sold in 2004 to the U.S. Postal Service and to another private developer.

Milbank purchased this abandoned building, previously occupied by a Montgomery Wards department store, and spent more than $1 million renovating and converting it into a discount mall and banquet facility. Milbank has since raised the building’s occupancy to approximately 98 percent, and built a food court. Additional income was derived after regular business hours by renting the second floor as a banquet facility. The property was profitably sold in 2006.

Milbank acquired this distressed property, originally consisting of several parcels containing approximately 12 neglected and dilapidated apartments. Milbank then worked with the city to create a master parcel and entitle the property to enhance the community by providing housing and retail shopping. The new development calls for a mixed-use project consisting of 85 low-income housing units and 42,060 square feet of commercial retail space.

Milbank acquired this vacant parcel of land and was responsible for the design, construction and development of a 58,000 square foot retail center with two stand-alone drive-through restaurants. Milbank has plans for future developments, including an additional  90,000 square feet of commercial space.  The retail portion of Sunrise Plaza was profitably sold in 2006.