Alternative lenders, which did minimal lending in Q2, closed a variety of multifamily and retail bridge and construction deals during Q3 2020.

Sponsors such as Tishman Speyer, CBRE and Sam Zell have all launched blank check companies in recent months.

Greystone tapped Freddie Mac for the refinancing of the 306-unit apartment.

With financing in place, construction will now begin on the 1.4 million-square-foot development that will encompass a full block and reach 27 stories.

In June Simon Property Group announced it was terminating its merger agreement with Taubman Centers because it had experienced a material adverse event with the coronavirus.

CRE firms are also relying more heavily on artificial intelligence to give them a competitive advantage.

Year-to-date investment in the sector plummeted 48% in the industry.

CBRE's chief global economist expects the roll-out of a Coronavirus vaccine, a new President and general optimism to fuel the start of the recovery.