"Despite the trying times we're living in now, the successful completion of this deal is proof of Manhattan's office sector resilience, says Ted Koltis.

The company is also using the financing to begin construction on a separate 330-unit multifamily development project in the nearby city of Plantation.

Lawmakers need to amend the CARES Act to cover more costs or risk hotel staff layoffs and closures, according to the American Hotel & Lodging Association.

Citadel at Tech Ridge's developer, Cambridge Development Group, was one step ahead of the curve when it incorporated a business center and co-working spaces into the multifamily property's design.