The deal was reported by JLL Capital Markets, which represented Renaissance Properties in the sale of the transit-oriented development to a private buyer who purchased the asset as part of a 1031 exchange requirement free and clear of existing financing.

The company has created industry-specific checklists based on CDC and OSHA guidelines for commercial and multifamily owners to use free of charge.

The Realty Advisory Board on Labor Relations (RAB) and service workers union 32BJ have reached an agreement on a package of protections and extended health benefits for residential and commercial building service workers during the current coronavirus pandemic.

Long-term residential housing investors are seeing opportunity with the possibility of pricing adjustments.