King County had been considering buying the Econo Lodge for some time, potentially as a location for isolating people with hepatitis A, measles and tuberculosis.

The 2020 NIC Spring Conference concluded with discussions on how macroeconomic factors, monetary policy, capital market conditions and demographic trends are affecting the seniors housing sector.

The sale implied a valuation for the Wing of about $165 million, a significant discount to its earlier value, according to some of the people familiar with the deal.

Some conversations revolved around how healthcare is becoming a bigger demand at seniors housing properties.

As it becomes harder to find last-mile properties in core markets, investors start looking at smaller cities.

The retailer previously planned to close the store in mid-year 2020 and move operations a few blocks south.

HUD has permanently relaxed its three-year rule for Section 223(f) mortgage refinancing applications.

Multiple corporate events have been cancelled to prevent the spread of the coronavirus. The U.S. hotel sector will bear the impact.