The Associated General Contractors of America also reports that 45% of respondents reported delays in deliveries and supplies.

Treasury Secretary Steven Mnuchin wants to receive recommendations by March 30.

Landlords have some degree of responsibility in the protection of an occupant's health and safety, this includes taking reasonable steps to protect commercial tenants and their customers.

With the CMBS market frozen, lenders that rely on this exit strategy are staying put.

Borrowers are reassessing their current deals in the pipeline amid the coronavirus pandemic, bearing down on the underwriting of assets and consulting with lenders on existing loans and new loans to close deals as quickly as possible.

The CREFC-led group wants the Fed to extend its recently-announced Term Asset-Backed Security Loan Facility to include agency and private-label CMBS.

Significant margin calls on repurchase agreements has resulted in a severe liquidity crisis over the entire real estate finance market, he said.

Regulators have also granted banks more leeway to make short-term modifications on loans.