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JLL Capital Markets Senior Director Tarik Bateh, one of the leads on the debt placement team for the loan, says the market "continues to attract core real estate investment capital.'

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.

From encouraging remote working to readjusting work on-site spaces and breaks, Cushman & Wakefield outlined six recommendations for creating social distancing measures and adjusting to the "new normal" in warehouses.

The researchers with Jones Lang LaSalle predicted the pandemic "may change the appeal of working alongside strangers, and in unassigned seats in any office environment, at least in the short term."

SKB says the 378,300-square-foot investment aligns with where companies are headed in a post COVID-19 world in terms of re-evaluating risks and seeking ways to benefit.

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%.