"We have also added additional cleaning staff to disinfect all areas of the building multiple times throughout the day, focusing on high-touch areas," says Magellan Development's Brian Gordon.

Quisno says he is drawing on his previous retail and hospitality work for the sports and entertainment projects HPM is handling.

Stephen Rutchik says everyone involved at this point is looking at the situation as potentially being a three-month duration.

The venture has closed on its first land acquisition for the development of a proposed Class A, 429-unit apartment community in The Woodlands, Texas area

"Eventually, if we give them enough rope, they will be able to recapture some of that lost revenue and pay us back for the time we gave them," says Pebb Capital's Todd Rosenberg.

The six-asset portfolio traded well below replacement cost, says Transwestern's John Bell.

"We are weathering the storm right now and moving forward."

JLL Capital Markets placed the seven-year, fixed-rate loan with a regional bank.