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The seller, the Teachers Retirement System of the State of Illinois, purchased the property in a foreclosure auction in 2011 for $57 million, about a 31% decline in its market value.

If the stay at home order were lifted this week, death rates and hospitalizations would start rising sharply by the middle of May. It's projected that the peak death rate and peak resource needs would be almost as high as if there were never any mitigation measures put in place.

The 348-unit apartment complex is in the city's suburb of Saint John.

As of April 20, the multifamily portfolio has a current percentage leased rate of 95%. The remainder of outstanding collections of 4% is largely from tenants who are seeking a payment plan, the company states.

Pyramid Cos. is the largest privately held shopping mall developer in the northeast and owns 16 properties totaling 17.8 million square feet located throughout New York, Massachusetts and Virginia.

Its core real estate funds depreciated by only 3.9% and continued to see inflows over the quarter, president Jonathan Gray, which were up 36% year-on-year.

OYO's long-term stay bookings climbed to 21% since stay-at-home orders began in mid-March.

Board president James Whelan objects to the application of construction "prevailing wage," the pay rate contractors have to offer their employees when doing business with government agencies.