Today’s News 9-5-2025

Life insurance companies participating in Trepp’s LifeComps index covering commercial real estate loans reported a total return of 1.90% in the second quarter of 2025, comprised of a 1.21% income return and a 0.69% appreciation return. Trepp reported the total return outpaced the National Council of Real Estate Investment Fiduciaries’ Open‑End Diversified Core Equity index by 87 basis points, suggesting that returns on high-quality commercial real estate credit…»

Mortgage rates reached another 11-month low this past week, as markets are pricing in an expected short-term rate cut from the Federal Open Market Committee later this month. This follows a week where one long-term Treasury rate showed serious volatility. The 30-year Treasury bond posted a yield just shy of 5% during trading on Sept. 3. But the 10-year Treasury, which is used in mortgage pricing because it is more widely available, ended Wednesday about 7…»

The first tenants have begun to move in at the student housing tower at Central Station, a 2.6-acre development in the heart of downtown Phoenix, as construction activity nears completion on the remainder of the project. Central Station, which totals about 1 million square feet, is under construction south of Civic Space Park in downtown Phoenix at Central Avenue north of Van Buren Street. The project includes two residential towers, one for student housing and…»

JLL Capital Markets announced today that it has closed the $266 million sale of six Class A office assets totaling 1.247 million square feet in Phoenix, Arizona. JLL represented City Office REIT, Inc. (NYSE: CIO) in the sale of the properties to Southwest Value Partners. The transaction is the first closing in the sale of City Office REIT, Inc’s. Phoenix portfolio, which also includes Pima Center that is expected to close at a later date, subject to the company obtaining certain…»

Three mid-sized industrial buildings in the West Valley traded hands from Link Logistics to an entity connected to INDUS Realty Trust, in a deal totaling $116.7 million. The first building, located at 4 S. 84th Ave. in Tolleson, is a 232,922-square-foot manufacturing facility built in 1989. It includes 10 rail-loading doors and 60 dock doors, and sold for $35,637,057. It previously sold in 2015 for $18 million. The next property, Tolleson Commerce Park II, is right across…»