The Federal Reserve's massive announcement of new moves yesterday included adding private-label triple A-rated CMBS and CLOs into the revived TALF program. A California developer has claimed the coronavirus lockdown is an act of God in an...
More hotels are likely to close as occupancies fall below 20 percent in most of the country’s largest markets.
The sector is starting to deal with rising operating expenses, declining occupancies and fewer move-ins.
In Manhattan, new leases fell by 38 percent in March compared to March 2019.