Retail

"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.

"I fully recognize that in some cases I am choosing between saving people's lives and saving their livelihoods. But ultimately, you can't have a livelihood without a life. This will not last forever, but it's what we must do to support the people on the front lines of this fight, and the people most vulnerable to its consequences," Gov. Pritzker added.

However, the firm also reported that is buybuy BABY and Harmon Face Values (Harmon) stores would remain open subject to state and local regulation in order to service essential infant, health and personal care needs.

Additionally, the order mandates that all businesses or non-profits, wherever practicable, must accommodate their workforce for telework or work-from-home arrangements.

New York Life Real Estate Investors, on behalf of an institutional client, recently acquired the five-story 87,140-square-foot mixed-use office and retail building at 630 K St. from Swift Real Estate Partners.