Northeast

Contractors and developers may find other legal defenses outside of the contract terms if force majeure language is missing from the original agreement.

The property was sold by JG Holt Limited Partnership. JLL represented the seller and procured the buyer. Additionally, working on behalf of the new ownership, JLL facilitated debt financing totaling $13.32 million for the transaction with Harbor One Bank.

The REIT is in advanced negotiations to sell at least three loans, according to sources quoted by Bloomberg.

The detailed plan released by the governor categorizes the reopening phases as red, yellow and green.

However some landlords are asking their lenders for relief, according to Morprop Advisers.

"The signal from our stakeholders that ESG matters continues to grow," said Ben Myers, VP of sustainability at Boston Properties.

First National Realty has completed a number of other notable transactions so far in 2020, including the $19.2-million purchase of The Court at Hamilton, a 194,106-square-foot Walmart-anchored shopping center in Hamilton Township. NJ in late February.

In the current changing market, "normal" expectations are changing day by day.