Commercial Real Estate & Business News – September 27, 2023

The Federal Reserve and the Federal Open Markets Committee paused interest rates today. For at least the time being, the federal funds rate will remain at a range of 5.25 percent to 5.5 percent. In June, after 10 consecutive hikes, the committee took its first pause in a rate-raising campaign…»

The level of commercial/multifamily mortgage debt outstanding increased by $37.7 billion, or 0.8%, in the second quarter of 2023, according to the Mortgage Bankers Association’s (MBA) latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report. Total commercial/multifamily…»

Crunching the data across 23 metrics for the 96 most populated U.S. cities, Forbes Advisor has uncovered a list of the best cities suited for renters. Considering rental prices, sizes, affordability, crime, amenities, and neighborhood features, Chandler, Arizona, came in as No. 1, followed by…»

Hundreds of new home rental units in the West Valley are being planned by two different developers to focus on young families. Westlake Village, California-based Sunstone Two Tree just closed on 29 acres at the southeast corner of Northern Parkway and…»

A new “destination” restaurant, 155 added hotel rooms and more conference rooms might make those who travel Scottsdale Road north of Frank Lloyd Wright Boulevard wary. But the Fairmont Scottsdale Princess Resort insists that its aggressive expansion plans do not mean the area will be swarmed with…»