SL Green Realty is using more than 200,000 square feet of space in its New York City portfolio for at least 21 temporary coronavirus testing sites. SL Green is part of the New York Forward COVID-Safe Offices partnership, which also includes Brookfield Properties, Vornado and others.

Extended Stay shareholders SouthernSun Asset Management and Cooke & Bieler have come out against Blackstone Group and Starwood Capital Group's planned $6 billion acquisition of the hotel company. They join two other shareholders, Tarsadia Capital and Hawk Ridge Capital Management, which also oppose the deal.

CBL Properties, which filed for bankruptcy protection in November, has forged an agreement with a bank group that could aid its return to growth. "This agreement is a major step forward for CBL's restructuring plan," says CEO Stephen Lebovitz.

Microsoft will allow more workers into its headquarters later this month, although masks and social distancing protocols will remain. Even after more employees return to the company's offices, a partial work-from-home schedule is expected to be the norm.

Flexible-office provider Knotel has filed for Chapter 11 bankruptcy with the intention of being acquired by Newmark Group, which is supplying $20 million in debtor-in-possession financing. Flexible-office companies have faced demand challenges during the pandemic as many employees continue to work from home.