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Job losses ranged from -206,000 in construction of buildings to -222,000 in real estate and rental and leasing.

Southpoint Acquisition, an indirect wholly owned subsidiary of the Starlight U.S. Multi-Family (No. 1) Core Plus Fund, said it has purchased Southpoint unencumbered for a purchase price of $51.5 million.

The sale of the 288-unit Caliber at Flatirons closed despite the crippling shutdown resulting from the coronavirus pandemic.

The global real estate giant said tech startups from its two earlier accelerator classes have already developed virtual tools to help the commercial real estate industry navigate the pandemic's impacts.

The extension comes as the Labor Department reports that 20.5 million people lost their jobs in April, pushing the unemployment rate up to 14.7%.

The initiative is headed by Ron Bloom, who helped to restructure the automobile industry on behalf of the US government during the 2008 financial crisis.

Harbert Management Corporation (HMC) has announced its final close on the Harbert Seniors Housing Fund II with total equity commitments coming to approximately $510 million.

NorthMarq's regional office in Seattle arranged the deal on behalf of Seattle-based Trent Development and Atlanta's Hatteras Sky.