Real Estate News

Vornado Realty Trust to Purchase 49% Interest in Park Avenue Plaza from Closer Properties

Fisher Brothers Retains Current 51% Majority Stake; Will Continue to Manage and Lease the Trophy Asset

NEW YORK, April 28, 2026 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that it has agreed to purchase a 49% interest in Park Avenue Plaza from Closer Properties at a gross asset valuation of $1.1 billion ($950 per square foot), a significant discount to replacement cost.

Highwoods Announces Availability of First Quarter 2026 Results

RALEIGH, N.C., April 28, 2026 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) has released its first quarter 2026 results. To view the release, please visit the investors section of our website at www.highwoods.com or click on the following link:

HIW Reports First Quarter 2026 Results

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Highwoods Properties, Inc.

Cushman & Wakefield and Greystone Close Sale and Financing for Acquisition of Landmark Apartments in Tuscaloosa, Alabama

NEW YORK, April 29, 2026 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance company, in partnership with Cushman & Wakefield, announced they have arranged the sale and provided, $28,219,000 in Freddie Mac financing for the acquisition of Landmark Apartments, a 264-unit multifamily property in Tuscaloosa, Alabama.

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