Real Estate News

Highwoods and The Bromley Companies Form 50/50 Joint Venture to Develop Midtown East in Tampa

$83 Million Anticipated Total Investment (at 100%) 134,000 Square Feet

RALEIGH, N.C., Dec. 13, 2022 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) and The Bromley Companies have formed a 50/50 joint venture to construct Midtown East, a multi-customer office development project located in the mixed-use Midtown Tampa project in Tampa’s Westshore submarket.

AMREP Reports Second Quarter Fiscal 2023 Results

HAVERTOWN, Pa., Dec. 12, 2022 (GLOBE NEWSWIRE) -- AMREP Corporation (NYSE:AXR) today reported net income of $3,621,000, or $0.68 per diluted share, for its 2023 fiscal second quarter ended October 31, 2022 compared to net income of $3,326,000, or $0.45 per diluted share, for the same period of the prior year.

Brandywine Realty Trust Announces Tender Offer for Any and All of its Outstanding 3.95% Guaranteed Notes due 2023

PHILADELPHIA, Dec. 14, 2022 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (the “Company”) (NYSE:BDN) announced today that its operating partnership, Brandywine Operating Partnership, L.P. (the “Operating Partnership”), has commenced a cash tender offer (the “Tender Offer”) for any and all of the $350,000,000 outstanding principal amount of its 3.95% Guaranteed Notes due February 15, 2023 (the “Notes”).

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