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Gov. Baker has also directed the Department of Public Health to issue a stay at home advisory outlining self-isolation and social distancing protocols. Residents are advised to stay home and avoid unnecessary travel and other unnecessary activities during the two-week time period.

By placing these appropriations in reserve on March 20, the release of those appropriations will now require the Budget Director's approval before the appropriated amount may be expended.

The deal was reported by JLL Capital Markets, which represented Renaissance Properties in the sale of the transit-oriented development to a private buyer who purchased the asset as part of a 1031 exchange requirement free and clear of existing financing.

The Realty Advisory Board on Labor Relations (RAB) and service workers union 32BJ have reached an agreement on a package of protections and extended health benefits for residential and commercial building service workers during the current coronavirus pandemic.

A pair of mixed-use buildings in the Lenox Hill neighborhood of Manhattan's Upper East Side has changed hands. Located at 1364 and 1368 York Ave., the properties sold for $13.85 million. Jones Lang LaSalle represented the seller in the transaction.

Financing to the tune of $991.77 million was arranged for a 17-property portfolio totaling more than 7 million square feet across major US markets on behalf of CalSTRS and its advisor, PCCP.

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

It originated the three-year, interest only loan from Freddie Mac.