Office

To Shore Up Balance Sheets, REITs Like Brandywine Look to Divest Non-Core Assets

With loans still hard to come by, Brandywine Realty Trust is shoring up its balance sheet, reducing leverage and preparing for investment opportunities with the disposition of non-core assets, including two properties in Trenton, N.J. The REIT just completed the sale of the office buildings at 33 W. State St. and 50 E. State St., totaling 474,000 square feet, to a private investment group.

As San Antonio Office Market Rebounds, Transwestern Takes Over at 2MSF Mixed-Use

With San Antonio’s office market rebounding in the third quarter, Transwestern’s local office hopes to take advantage of that good karma with the contract to handle the real estate services assignment for the Brooks City-Base development there.