DAILY TOP 5

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

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

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

With a special election looming to create an Arizona Coyotes arena and entertainment district in Tempe, a grassroots group is amping up its opposition to a more than $2 billion development deal with the NHL team’s owner. In an at-times

Scottsdale-based developer Empire Group has finally landed some new commercial users for the remaining portion of a large site near Glendale’s sports and entertainment district. After years of marketing the 66-acre property — west of the

Metro Phoenix is a bona fide semiconductor hotspot, with two of the biggest expansion projects anywhere in the country for manufacturing the tiny brains that power and control almost anything that runs on electricity. The headlines are dominated by

PHOENIX — Home builder Brookfield Residential announced last week the opening of two neighborhoods in Avondale at the master-planned community of Alamar. The 1,150-acre community is debuting the

Ahead of a March 22 meeting of the Federal Reserve, the U.S. experienced its second- and third-largest bank failures in history, with the collapse of Silicon Valley Bank and New York-based Signature Bank, respectively. Despite being

Banner Health is finalizing the purchase of +/- 48 acres of land on the southwest corner of Hayden Rd. and the Loop 101 freeway to build Banner Scottsdale Medical Center, a new, comprehensive medical center and support services in the

Mesa did not have to wait long to see what the newly consolidated ownership of Fiesta Mall wants to do with the long-dormant mall. Now that it is apparently down to just one owner, plans submitted earlier this month to the city show that

The city of Tempe is planning a mixed-use project that would bring affordable housing and a grocery store to Apache Boulevard near ASU’s main campus. The city recently issued a request for proposal to transform the eight-acre site that once

Total U.S. sale-leaseback volume of 874 unique transactions during 2022 exceeded the prior record volume of 789 in 2021, according to SLB Capital Advisors, an advisory firm focused on sale-leasebacks and M&A-related real estate transactions. 

Markets are suddenly on edge due to strains in the financial system. But banks aren’t the only source of stress. Pockets of the commercial real estate market — which is worth around $20 trillion — are showing cracks as well.

The pandemic set off an unusual time in multifamily. The sector became part of the short game. Rents drove upward, responding to increased prices, and things moved very fast. But with the shifts of the market, it’s time for the long game

Famous robber Willie Sutton said he never provided the famous answer to the question of why he robbed banks: “That’s where the money is.” Some reporter apparently made it up. Still, a great line. At its heart there is a pithy explanation of

The collapse of three U.S. banks means that one of the toughest real estate lending environments in decades is about to get even tighter, adding a new hurdle to an already challenging time for dealmaking. Since last summer

Big banks have come with a $30 billion unsecured rescue deposit for First Republic Bank in its efforts to stay afloat. The extraordinary deal involves 11 of the largest banks in the country: Bank of America, Citigroup, JPMorgan Chase and Wells Fargo

Atlanta-based EV Hotel Group is seeking a $150,000 grant to help with costs in redeveloping and preserving the former City Center Motel in downtown Phoenix. The company is planning to build one of its first smart hotels around

Arizona has been the site of dozens of build-to-rent communities, but so far, few have sold. The 147-unit Havenly Fountain Hills was recently purchased for $68.3 million, about $464,000 per unit. The Private Portfolio group out of

The U.S. office market could be saddled with 330 million square feet of obsolete space by the end of the decade that would need to be repositioned lest vacancy rates rise to undesirable levels, according to a new analysis by Cushman & Wakefield.

An entity tracing to KHP Capital Partners acquired The Camby, Autograph Collection from an entity tracing to Host Hotels and Resorts for $110,000,000, with $84,450,000 in seller-carried debt. The hotel is located in the iconic Camelback Corridor.

LightBox recently wrote that a number of factors suggest that CRE professionals avoid overconfidence. Stifel investment banking firm Keefe, Bruyette & Woods (KBW) went further, believing the industry is headed for a hard landing. But more specifically