In widely expected move, Fed increases rates by 0.25% by Loretta Clodfelter | Jul 27, 2023 The Federal Open Market Committee raised the target federal funds rate by 25 basis points to a range of 5.25 percent to 5.5 percent at its meeting July 26. While expected, this is the highest target federal funds rate in 22 years and will have wide-ranging effects across the economy and commercial real estate.
Certares holds final close for first real estate hospitality fund by Released | Jul 27, 2023 Certares has completed the final closing of its first real estate hospitality fund.
Broadcasting legend Ron Insana joins Dynasty Financial Partners as chief market strategist by Released | Jul 27, 2023 Dynasty Financial Partners has named Ron Insana to the new role of chief market strategist.
J.P. Morgan Private Bank announces new U.S. family office practice by Released | Jul 27, 2023 J.P. Morgan Private Bank has launched U.S. family office practice.
VICI Properties pays $203m for casino resort in Maryland by Released | Jul 26, 2023 VICI Properties has acquired an interest in the land and buildings associated with Rocky Gap Casino Resort, located in Flintstone, Maryland, from Golden Entertainment for $203 million.
LPL acquires Crown Capital Securities by Released | Jul 26, 2023 LPL Financial LLC has entered into a definitive purchase agreement to acquire the wealth management business of Crown Capital Securities.
RIA M&A declines, says DeVoe by Andrea Zander | Jul 26, 2023 RIA merger and acquisition (M&A) activity is in a period of decline, according to DevOE & Company’s second quarter report.
TotalEnergies to buy out Total Eren for €1.5b by Released | Jul 26, 2023 TotalEnergies has plans to buying out Total Eren’s other shareholders.
U.S. consumer confidence improved again in July by Released | Jul 26, 2023 The Conference Board Consumer Confidence Index rose again in July to 117.0 (1985=100), up from 110.1 in June.
Rexford Industrial Realty pays $210m for L.A. industrial property by Andrea Zander | Jul 25, 2023 Rexford Industrial Realty has purchased an industrial property for a purchase price of $210 million.Â
Nuveen expands partnership with iCapital for agricultural assets by Released | Jul 25, 2023 Nuveen has expanded its partnership with iCapital to offer investors and financial advisors the opportunity to allocate to high-quality, globally diversified agricultural assets.
TC Energy strikes $3.9b deal with GIP for U.S. natural gas pipeline systems by Kali Persall | Jul 25, 2023 TC Energy has partnered with Global Infrastructure Partners (GIP) through the sale of a 40 percent interest in its Columbia Gas Transmission and Columbia Gulf Transmission systems for C$5.2 billion ($3.9 billion) in cash.
JLL outlook: Cyclical challenges persist but tentative green shoots emerging in second quarter by Andrea Zander | Jul 25, 2023 After three consecutive quarters of decline, U.S. office leasing has begun to rebound in the second quarter.
Public Storage agrees to acquire Simply Self Storage from Blackstone for $2.2b by Andrea Zander | Jul 24, 2023 Public Storage has agreed to acquire Simply Self Storage from Blackstone Real Estate Income Trust (BREIT) for $2.2 billion.
Creative Planning expands strategic collaboration with Goldman Sachs via new custody relationship by Released | Jul 24, 2023 Creative Planning has announced a new multibillion-dollar strategic custody relationship with Goldman Sachs Advisor Solutions (GSAS).
