Commercial Real Estate & Business News – December 14, 2017

Yes, the Federal Open Market Committee (FOMC) did what nearly everyone who pays attention to interest rates expected today: It stepped up the overnight rate that banks charge each other by a quarter-point, to a range of 1.25% to 1.50%. Known as the benchmark rate, the Federal Reserve’s policymaking body also made clear that more hikes were on the table in 2018…»
WASHINGTON, DC-The third quarter was notable in the commercial/multifamily mortgage space for one key development. That was the reversal of a decade-long downward trend in CMBS’ holdings, which rose by 0.8% or $3.6 billion from Q2, according to Mortgage Bankers Association data. Overall, Q3 saw commercial/multifamily mortgage debt outstanding increase by $45.4 billion…»
The Tucson economy will regain momentum next year after a somewhat sluggish performance this year. That was one of the key takeaways from the University of Arizona Eller College of Management annual Economic Outlook Luncheon at the Westin La Paloma Resort in Tucson. More than 500 people packed the room on Dec. 8 to hear presenters George W. Hammond…»
Greystone has arranged an overall $50 million financing for the construction of two Class A senior living communities in Arizona and North Carolina. Greystone worked closely with regional banks who provided the debt for Aspens Senior Living. “Having worked with Greystone to sell and finance a number of our seniors housing assets over the years…»
Housing experts in the United State are increasing their expectations for home price rise to continue well into 2018 as growth shows no signs of slowing. They predict that prices will rise by 4.1% next year, up from a forecast of a 3% rise a year ago, according to the latest home price expectations survey from real estate firm Zillow…»