Northeast

Buildings with a high percentage of flexible space are increasingly seen as viable investment propositions.

Russo will redevelop the "Bat Factory" property—which has sat idle for more than three decades–as the second phase of its Vermella West project.

"Following the success of Metroplex One, we saw significant value in creating a striking and innovative ground-up development that could attract large, forward-thinking brands to the region," says Jerry Sweeney, president & CEO of Brandywine Realty Trust.

Weintraub replaces interim vice president and interim chief financial officer Greg Wolf.

In the last three years, VC firm Camber Creek has seen 10 times the number of drone company proposals than previously pitched.

The REIT also announced it sold a 49% partnership interest in the property to an Israeli institutional investor.

In addition to 18 new gates, the first phase of the $8 billion in renovations brings new dining and retail to the airport which services 30 million passengers each year.

The REIT now holds a greater interest in the Midtown building owned with HNA Group and moves forward in constructing its Financial District residential tower.