Chicago

The property, originally built for Continental Can Company, is currently 70% leased to more than 20 tenants. No financial terms of the transaction were disclosed. Senior mortgage financing was provided by AmeriServ Financial.

Sears.com, distribution centers and customer care operations will remain open and Sears Home Services will continue to repair essential appliances.

Between three different locations, the facility will have the capacity to care for up to 3,000 patients and will be made fully operational in a series of phases in order to accommodate increased demand for care as quickly as possible.

"This suggests the average lease-up time for new speculative product following delivery in Chicago's industrial market is longer than other markets. This lease-up time will likely be extended further by the Coronavirus pandemic and ensuing economic response," Colliers states.

CEO Mark Hoplamazian and Chairman of the Board Tom Pritzker are forgoing 100% of their salaries, and Hyatt's senior leadership team is taking a salary cut of 50% through the end of May.

"I fully recognize that in some cases I am choosing between saving people's lives and saving their livelihoods. But ultimately, you can't have a livelihood without a life. This will not last forever, but it's what we must do to support the people on the front lines of this fight, and the people most vulnerable to its consequences," Gov. Pritzker added.

Data centers are getting a lot of CRE attention with spending on public cloud computing forecast to more than double in four years.

The new fund will provide more than $100 million in low-interest loans to severely impacted small businesses over the coming months, targeting historically under-resourced communities with an emphasis on minimizing hardship for those businesses and their employees.