Daily News – February 26, 2020

Foreign Real Estate Investment Grows in Phoenix, Fuels Top Sales
Investment from foreign firms fueled more than $1 billion worth of real estate transactions in Phoenix during 2019, including the city’s two largest office sales.According to CBRE data, the late-2019 purchases of the Biltmore Center for $212 million…»
What Lenders Are Thinking as Multifamily Evolves
Recently the Federal Housing Finance Agency created a new group with the goal of ensuring that both Fannie Mae and Freddie Mac foster a competitive, liquid and resilient multifamily market. “By creating a new group, it speaks to a commitment…»
Is the Multifamily Asset Class Immune to Economic Shifts?
Most agree the real estate recovery post-recession has been lengthy and that multifamily has performed well across all stages of our current, mature cycle. At various points in time over the last decade, the other commercial real estate classes haven’t all fared…»
New $400 Million Casino Opens in Phoenix’s West Valley
The Tohono O’odham Nation’s new Desert Diamond Casino near Glendale, Arizona’s Westgate sports and entertainment district opened this week after two years of construction. The 1.2 million-square-foot casino on 54 acres…»
US 10-year Treasury Yield Nears Record Low
The yield on benchmark 10-year US Treasuries bore down on a record low on Monday, as the spread of coronavirus prompted another flight to the safety of government debt and some investors placed bets on a spring rate cut by the Federal…»