Commercial Real Estate & Business News – March 23, 2023

The Federal Reserve Board on Wednesday said its Federal Open Market Committee (FOMC) will raise the target range for the federal funds rate to a range of 4.75% to 5%. The increase marks the Fed’s second consecutive rate hike of…»

The European Renaissance of the 14th through 17th centuries was a time of rediscovery and rebirth, ushering in some of the most memorable works — from the printing press and microscope to the…»

Among the many ramifications of UBS‘s planned 3 billion Swiss franc ($3.25 billion) acquisition of Credit Suisse is the marriage of the two largest Swiss banks’ real estate debt books and asset management platforms. UBS will acquire…»

Federal Reserve Chair Jerome Powell assured the country Wednesday that the central bank’s actions in recent weeks “demonstrate that all depositor savings in the banking system are safe.” Powell was speaking at a press conference following the…»

Arizona home prices rose 6.3% between the fourth quarter of 2021 and fourth quarter of 2022. This was below the U.S. price gain of 8.4% for the same time period and well below price gains of the previous year. Back in the fourth quarter of 2021…»