Priciest of the year: Phoenix mid-rise sells for $100 million

A Phoenix office tower, located at the prime intersection of 24th Street and Camelback Road, has sold for $100 million. It's the priciest Arizona office sale so far in 2018.

Read more https://www.azcentral.com/story/money/real-estate/catherine-reagor/2018/06/15/phoenix-midrise-sells-100-million-priciest-office-sale/703934002/

FHA loans fall in metro Phoenix, but that may be good for Millennials

Many real-estate agents, lenders and home sellers are seeing more Millennials purchasing their first house in the Phoenix area.

Read more... https://www.azcentral.com/story/money/real-estate/catherine-reagor/2018/06/17/fha-loans-first-time-homebuyers-decline-metro-phoenix-millennials-housing-market-arizona/694498002/

Mesa approves lease to bring ASU to its downtown

Mesa's City Council approved a 99-year lease agreement Monday night that will bring Arizona State University to the city's downtown.

Read more... https://www.azcentral.com/story/news/local/mesa/2018/06/04/mesa-approves-lease-bring-asu-its-downtown/670028002/

Central Phoenix Mercedes dealership property turned into new apartments

The longtime midtown Phoenix home of Arizona's first Mercedes dealership has sprouted new apartments.

Read more... https://www.azcentral.com/story/money/real-estate/catherine-reagor/2018/06/08/parc-midtown-apartments-replace-central-phoenix-mercedes-dealership/675490002/

Brandywine Homes to Hold Grand Opening at Bradbury, a Gated Community in La Puente, Calif., on Saturday, June 9

LA PUENTE, Calif., June 07, 2018 (GLOBE NEWSWIRE) -- Brandywine Homes will hold a grand opening at Bradbury, a new infill community in La Puente offering 45 single-family detached homes on 3.87 acres, on Saturday, June 9. Interested home buyers are invited to view the model homes from 10am to 6pm.

"With easy access to all the urban amenities of Los Angeles and the serenity and safety of a gated community, Bradbury is the perfect choice for young professionals and families," said Dave Barisic, principal in charge of sales and marketing at Brandywine Homes, a pioneer of infill development in Southern California. "We're excited to show homebuyers these beautiful, timeless and low-maintenance new homes."

Bradbury is located at 747 Del Valle Avenue. The gated community, which includes a community recreation area, is offering two-story homes with three bedrooms and three bathrooms.

These stylish residences are designed with Spanish, Craftsman and Farmhouse architecture, and range in size from 1,843 to 2,087 square feet on 2,500-square-foot lots. The homes have great rooms, lofts, private yards, patios and two-car garages. The gourmet kitchens feature large islands with breakfast bars, and spacious master suites include large soaking tubs and walk-in closets.

La Puente, an up-and-coming city with a population of about 40,000, has very limited housing stock. The last new home housing tract was built almost 40 years ago, according to city officials. Close to Puente Hills Mall, Mt. San Antonio College, California State Polytechnic University, Pomona, the Dwight D. Eisenhower Golf Course and more, Bradbury offers convenient access to the 60, the 605 and the 10 freeways.

"Bradbury offers families a very rare opportunity to own a home in La Puente, which is consistently named one of California's safest places to live," Barisic said. "We don't expect these homes to stay on the market for long."

Interested homebuyers can receive more information about Bradbury here.

About Brandywine Homes
Brandywine Homes is a residential homebuilder based in Irvine, Calif., with over two decades of experience in developing challenging infill sites, revitalizing some of Southern California's oldest and most established neighborhoods. Founded in 1994, the family-owned and operated company has built or developed almost 60 small- and mid-sized infill communities totaling $1.1 billion in revenues. The company builds homes that respect and complement the heritage, values and architectural integrity of existing neighborhoods and the people who live there - making a positive contribution to the community. www.brandywine-homes.com. Social media: Facebook, Twitter, LinkedIn, YouTube and Brandywine Blog.

Freddie Mac Announces the Issuance of a New Five-Year Reference Notes Security

MCLEAN, Va., June 07, 2018 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB:FMCC) announced today that it plans to issue a new five-year USD Reference Notes^® security, CUSIP number 3137EAEN5, due on June 19, 2023. The issue will be priced on Friday, June 8, 2018, and will settle on Monday, June 11, 2018, at benchmark size.

The new five-year Reference Notes security will be offered via a syndicate of dealers headed by Nomura Securities International, Inc., TD Securities LLC and Wells Fargo Securities LLC.

This announcement is not an offer to sell any Freddie Mac securities. Offers for any given security are made only through applicable offering circulars and related supplements, which incorporate Freddie Mac's Annual Report on Form 10-K for the year ended December 31, 2017, filed with the Securities and Exchange Commission (SEC) on February 15, 2018; all other reports Freddie Mac filed with the SEC pursuant to Section 13(a) of the Securities Exchange Act of 1934 (Exchange Act) since December 31, 2017, excluding any information "furnished" to the SEC on Form 8-K; and all documents that Freddie Mac files with the SEC pursuant to Sections 13(a), 13(c) or 14 of the Exchange Act, excluding any information "furnished" to the SEC on Form 8-K.

Freddie Mac's press releases sometimes contain forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, some of which are beyond the company's control. Management's expectations for the company's future necessarily involve a number of assumptions, judgments and estimates, and various factors could cause actual results to differ materially from the expectations expressed in these and other forward-looking statements. These assumptions, judgments, estimates and factors are discussed in the company's Annual Report on Form 10-K for the year ended December 31, 2017, and its reports on Form 10-Q and Form 8-K, which are available on the Investor Relations page of the company's Web site at www.FreddieMac.com/investorsand the SEC's website at www.sec.gov. The company undertakes no obligation to update forward-looking statements it makes to reflect events or circumstances occurring after the date of this press release.

The financial and other information contained in the documents that may be accessed on this page speaks only as of the date of those documents. The information could be out of date and no longer accurate. Freddie Mac undertakes no obligation, and disclaims any duty, to update any of the information in those documents.

Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our creation by Congress in 1970, we've made housing more accessible and affordable for homebuyers and renters in communities nationwide. We are building a better housing finance system for homebuyers, renters, lenders and taxpayers. Learn more at FreddieMac.com, Twitter @FreddieMacand Freddie Mac's blog FreddieMac.com/blog.

Fed's Dudley urges quick shift from scandal-hit Libor rate

World financial markets must continue to quickly and safely shift from the scandal-plagued Libor reference rate to alternatives including a U.S. option that was born just last month, a Federal Reserve official leading the transition said on Thursday.

Read more... https://www.reuters.com/article/us-usa-fed-dudley/feds-dudley-urges-quick-shift-from-scandal-hit-libor-rate-idUSKCN1IP150