The sale valued the property at $2.4 billion, or $960 per square foot.
After the market’s plunge in March, the mortgage REIT issued a going concern warning that it may not have enough liquidity to meet its obligations and keep its operations afloat.
The Yardi Matrix report found that the government sector, and the financial services and technology industries have seen the fewest layoffs thus far in the pandemic.
Sponsored by Hendy
Sponsored by RealPage
- Exclusive discounts on ALM and GlobeSt events.
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.
Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.