A host of other publicly-traded real estate companies, including Simon Property Group, Vornado Realty Trust, CBRE Group and Cushman & Wakefield, have made similar reductions in compensation.

"Both the number of funds raising as well as the aggregate amount of capital targeted have increased consistently over the past few years," Preqin says in its report.

"Despite the trying times we're living in now, the successful completion of this deal is proof of Manhattan's office sector resilience, says Ted Koltis.

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 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.

BrainBox AI uses its tech to manage self-operating HVAC systems for buildings and says it can reduce energy costs by up to 25%.

There were multiple reasons that projects are getting delayed, including problems getting materials and equipment on time.