Building on a similar initiative in California, Gov. Murphy secured support from Citigroup, JPMorgan Chase, U.S. Bank, Wells Fargo, and Bank of America, in addition to more than 40 other federal and state-chartered banks, credit unions, and servicers that are committed to the mortgage forbearance pledge.

Grace Bay Resorts, a multi-disciplined real estate firm with proprietary condo-hotel management and development divisions, is looking at each part of the business differently to navigate the effects of the coronavirus, also referred to as COVID-19, Mark Durliat, CEO at the firm, tells GlobeSt.com.

The Kaufman Organization has acquired 56 West 22nd St., a 66,190-square-foot boutique office and retail property in the Flatiron District for $48.5 million. Jones Lang LaSalle arranged the transaction for the 12-story property.

Job growth has been a major driver of expansion in Phoenix, but the job diversity gained in recent years will help keep the market on track.