The Federal Open Market Committee lowered its benchmark funds rate by 25 basis points to a range of 1.5% to 1.75%, as expected. Full Story
Glendale officials are hurrying to establish rules regarding how street vendors can operate within the city by the upcoming holiday season when local business leaders anticipate a hike in activity. Full Story
The Federal Reserve lowered interest rates by a quarter of a percentage point, its second cut since late July. Article
Fed minutes: No rate moves are coming ‘for some time’ even if the economy improves. Federal Reserve officials remained firmly committed to a “patient” policy stance at their meeting earlier this month, saying rates likely will remain unchanged well into the future. Full Story
Senate Bill 50 would have rewritten zoning laws and forced local governments to allow taller apartment buildings and other multi-family complexes near transit areas and job centers. it won’t be considered again until January 2020 Full Article
Fed officials, who gathered in Washington for their two-day policy setting meeting, unanimously recommitted to remain “patient,” agreeing to indefinitely stick with an extended pause on rate changes. They also signaled that the Fed wouldn’t hike rates in 2019. Read the Full Article.
Tony Maniscalchi and Mike Maniscalchi ended 2018 with a finish line production of over $57 Million in sales and leases.
Representing a diverse portfolio of properties from industrial to multi-family with values ranging from $250,000 to $19,500,000 from fundamental leases to a complex corporate merger involving several properties, Tony Maniscalchi and Mike Maniscalchi again finished the year in the firm’s top position.
We congratulate the Maniscalchi brothers for another great year!
1049-1057 Foothill Boulevard, La Canada Flintridge, CA 91011. Mike Maniscalchi, SIOR and Tony Maniscalchi, SIOR represented the seller in the sale of this 4,800 SF commercial/retail building on 12,922 SF of land. For more information, contact Mike, x135 or Tony, x126 at (818) 956-7001.
The Glendale City Clerk’s office rejected the petition circulated by a tenants union. Full story
The Fed voted unanimously to keep the rate at a target between 1.75% and 2%.