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In the short-term, JLL sees capitalization rates rising 25 to 75 basis points for active adult, independent living and assisted living facilities, and 50 to 100 bps for memory care and nursing care.

The property was originally built in 2000 as part of the Merrill Lynch corporate campus and consists of three office buildings totaling 380,417 square feet.

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.

In preparation for our upcoming Woman of Influence marketing influencers, which will publish in the GlobeSt. Real Estate Forum July/August publication, we wanted to take a moment to recognize some of the leading ladies who have already made big moves in this space.

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.

In March, as the coronavirus pandemic was taking hold on the nation, foreclosure rates were dropping to the lowest levels since the recession.

Despite challenges, there are opportunities facing economic subsectors and the market as a whole along with factors that will determine the severity of the pandemic's impact on the multifamily sector.