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.

FG Communities Completes Acquisition in Lexington, NC

Continuing our growth in the Piedmont Triad Area

CHARLOTTE, N.C., April 28, 2026 (GLOBE NEWSWIRE) -- FG Communities, whose mission is to preserve and improve affordable housing by acquiring and operating manufactured housing communities, is pleased to announce its most recent acquisition in Lexington, North Carolina.

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