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Associate Editor, Multi-Housing News
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By Simona Tudose| Commercial Property Executive Verified Phoenix’s office construction activity continued to remain slow, with developers starting construction on only three projects, according to CommercialEdge data. On par with national trends in construction costs, The Valley posted one of the smallest pipelines among peer markets. Similarly, only 17 office assets traded in the first two months of 2025, resulting in one of the lowest dollar volumes among major U.S. markets.
By Simona Tudose| Commercial Property Executive Verified Empire State Realty Trust has signed a 77,382-square-foot renewal at One Grand Central Place, its 1.3 million-square-foot office tower in Manhattan’s Murray Hill submarket. Financial and information services consulting company Gerson Lehrman Group Inc. has committed to two full floors at the high-rise, where it has been a tenant since 2013. Newmark represented the landlord, while JLL worked on behalf of the tenant.
By Simona Tudose| Commercial Property Executive Verified Phoenix’s office construction activity continued to remain slow, with developers starting construction on only three projects, according to CommercialEdge data. On par with national trends in construction costs, The Valley posted one of the smallest pipelines among peer markets. Similarly, only 17 office assets traded in the first two months of 2025, resulting in one of the lowest dollar volumes among major U.S. markets.
Company Info
Multi-Housing News
Commercial Property Executive (CPE) is a key resource for professionals in the commercial real estate sector. It serves executives and companies involved in various aspects of commercial property, including ownership, investment, financing, development, leasing, and management. CPE offers timely news and analysis on U.S. commercial real estate, focusing on national trends and regional markets. Its editorial team combines journalistic expertise with industry insights to provide valuable information. Services include reporting on market shifts, access to market data and proprietary analyses, expert contributions from industry leaders, and customizable newsletters. CPE also publishes digital content, including articles and rankings, and provides listings for property transactions and leasing opportunities. The company is recognized for its in-depth market coverage and thought leadership, catering to investors, developers, property managers, brokers, lenders, and REITs.
New York, United States, United States
+1 212-977-0041
Founded: 2013