Commercial Real Estate & Business News – March 17, 2017

Unsurprisingly, the Federal Open Market Committee decided to raise interest rates again in March, signaling its optimism about the direction of the U.S. economy...»

Citing a strengthening labor market, moderate economic growth and increasing inflation, the Federal Reserve raised the target range for the benchmark federal funds rate from 0.75 percent to 1.0 percent on Wednesday. In doing so, the Fed took the first steps toward fulfilling its long-promised three rate hikes per year. Only Committee member Neel Kashkari dissented, preferring to maintain the target federal funds range as is...»

Much of the commentary surrounding the Federal Reserve's decision Wednesday to raise the Fed Funds rate by 25 basis points has been about how this is likely to increase mortgage rates, have a negative effect on home affordability, and potentially derail the still-wobbly recovery of the US housing market...»

Recently, the Salt River Pima-Maricopa Indian Community has been garnering a lot of development buzz. While developing on tribal lands can be a complex process, developers are taking on the challenges in order to take advantage of other perks associated with building on tribal lands like various tax benefits. New projects in the Talking Stick area have helped transform the casino destination into an entertainment district, attracting people from across the Valley to enjoy its new amenities...»

Eating out is no longer just about the food - it's about the experience. That's what OpenTable had in mind when compiling its "Top 100 Hot Spot Restaurants in America," looking at features such as interactive dining experiences, live entertainment, and appealing playlists, using the combined opinions of more than 10 million restaurant reviews submitted by verified OpenTable diners for more than 25,000 restaurants in all 50 states and the District of Columbia...»

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