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This is the price discovery quarter and a wait-and-see quarter, says the Boulder Group's Randy Blankstein.

The property was sold by JG Holt Limited Partnership. JLL represented the seller and procured the buyer. Additionally, working on behalf of the new ownership, JLL facilitated debt financing totaling $13.32 million for the transaction with Harbor One Bank.

The REIT is in advanced negotiations to sell at least three loans, according to sources quoted by Bloomberg.

The detailed plan released by the governor categorizes the reopening phases as red, yellow and green.

For Sealy, the deal to acquire 20-building portfolio in Memphis was all about location, location … and size.

First National Realty has completed a number of other notable transactions so far in 2020, including the $19.2-million purchase of The Court at Hamilton, a 194,106-square-foot Walmart-anchored shopping center in Hamilton Township. NJ in late February.

NMHC Chief Economist Mark Obrinsky says there has been too much uncertainty around asset pricing for deals to occur.

Some developers are stopping or even pulling future hotel builds, while projects already under construction are quickly pivoting to adapt to the new market.