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.

"Real estate companies whose assets have appreciated in value now have an opportunity to refinance loans, and that lending activity will help fuel the capital markets for the time being."

Consistent with the governor's order last week, the city clarified that the following as life-sustaining businesses or services: laundromats, veterinary hospitals, pet stores, retail banks (allowing drive-through or limited lobby access), stores that primarily repair cell phones, and bicycle or motorcycle repair shops.