The CMBS market was hit immediately by the pandemic, and while the market has rebounded, certain loan classes will continue to deteriorate.

Once complete, the luxury residential and retail development will feature 408 condominiums, 320 rental apartments and 150,000 SF of retail space.

One Park Grove, the third and final condominium tower at the Park Grove community, is complete with 80% of contracts closing.

Respondents to the US Construction Monitor reported payment delays, in addition to dips in profits and in new business inquiries.