Articles by Mary Diduch

An essential worker staying at USC Hotel in Los Angeles (Credit: Robert Gauthier / Los Angeles Times via Getty Images)

Hotel occupancy rises as essential workers, homeless fill rooms

The hotel market is improving across the country but that comes with a caveat. The uptick is likely a...

Hotel occupancy rises as essential workers, homeless fill rooms
Federal Reserve Chairman Jerome Powell (Photo by Sarah Silbiger/Getty Images)

Fed “not in any hurry” to raise interest rates: Powell

The Federal Reserve won’t push up interest rates any time soon, the central bank’s chairman said Wednesday as the...

Fed “not in any hurry” to raise interest rates: Powell
From left: Empire State Building, 111 Eighth Avenue and 100 Park Avenue (Credit: Taconic Partners, SL Green) 

Office landlords finding out which tenants are paying up during lockdown

Public office landlords are starting to report their first-quarter earnings — and investors and analysts are paying close attention...

Office landlords finding out which tenants are paying up during lockdown
A medical worker boards a bus that transports staff to local hotels. Inset: Four Seasons on East 57th Street and the Wythe hotel in New York (background by Noam Galai/Getty Images)

Miami hotel occupancy flat as medical workers push national rate up

Thanks to an influx of medical workers, New York City hotels were about one-third fuller last week than the...

Miami hotel occupancy flat as medical workers push national rate up
Prologis CEO Hamid Moghadam and 230-19 Int. Airport Center Blvd in Queens (Credit: Prologis; Google Maps)

Prologis granted rent relief to just 7% of tenants that asked

Prologis, one of the largest owners of industrial real estate, granted rent deferrals to just 7 percent of its...

Prologis granted rent relief to just 7% of tenants that asked
Bankrupt retailers are asking courts for more concessions (Credit: iStock)

Coronavirus has changed retail bankruptcy and left landlords in the lurch

One of New York City’s iconic local retailers filed for Chapter 11 in mid-March, but it wasn’t until a...

Coronavirus has changed retail bankruptcy and left landlords in the lurch
Covid-19 has led to a sharp increase of the amount of loans in forbearance, reaching 6% by mid-April, according to data from the Mortgage Bankers Association (Credit: iStock)

Nearly 6% of home loans are now in forbearance

The number of mortgages where borrowers are putting off payments has seen a stark increase, according to new data...

Nearly 6% of home loans are now in forbearance
Global private real estate investment continues to fall as the coronavirus continues to force economics to a standstill. (Credit: iStock)

Private real estate investment deals tumble worldwide

The number of private real estate investment deals plunged worldwide last month, the latest example of the coronavirus’ all-consuming...

Private real estate investment deals tumble worldwide
Robert Taubman of Taubman Centers, Louis Conforti of Washington Prime Group and David Simon of Simon Property Group (Credit: Donato Sardella/Getty Images, Mireya Acierto/Getty Images, iStock)

Mall stocks fall as retail sales plunged in March

The stocks of mall real estate investment trusts tumbled Wednesday, as the U.S. saw a record drop in retail...

Mall stocks fall as retail sales plunged in March
The IRS guideline for 1031 exchanges isn’t totally clear, professionals say (Credit: iStock)

What’s the new deadline for 1031 swaps? Depends whom you ask

The Internal Revenue Service has just offered up the one thing investors looking to close 1031 exchanges desperately need...

What’s the new deadline for 1031 swaps? Depends whom you ask
The relief has varied across brands — from slashed fixed fees to deferrals of certain payments. (Credit: iStock)

Hotels provide relief to franchisees — but some say it’s not enough

Hotel chains have taken steps to support their franchisees around the country as the coronavirus pandemic has caused prolonged...

Hotels provide relief to franchisees — but some say it’s not enough
(Credit: iStock)

REITs outperform market this week amid Fed action to boost lending

Real estate stocks rebounded in a shortened week as investors showed renewed optimism for equities in general, and the...

REITs outperform market this week amid Fed action to boost lending
Federal Reserve Chairman Jerome Powell (Photo by Sarah Silbiger/Getty Images)

Fed ramps up lending with new $2.3T program

The Federal Reserve is injecting an additional $2.3 trillion in loans to bolster a frozen economy, which continues to be on lockdown as the spread of the coronavirus accelerates. Thursday’s financing announcement came as...

Fed ramps up lending with new $2.3T program
From left: Intercontinental Miami, Hotel 166 in Chicago and the Ritz-Carlton in New York (Credit: IC Miami Hotel, Google Maps and The Ritz-Carlton)

Hotel occupancy rate across US drops to 22%

The coronavirus pandemic continued to batter the U.S. hotel market in the first week of April. The national hotel occupancy rate plunged to 21.6 percent for the week ending April 4, a nearly 69...

Hotel occupancy rate across US drops to 22%
Commercial loans expected to suffer because of the pandemic (Credit: iStock)

March saw fewer CMBS delinquencies. That is likely to change: Fitch

The delinquency rate for U.S. commercial mortgage-backed securities fell in March — but that is likely to change, according...

March saw fewer CMBS delinquencies. That is likely to change: Fitch
(Credit: iStock)

Thousands of CRE borrowers call on banks for debt relief

The number of commercial real estate borrowers who requested debt relief during the escalation of the coronavirus outbreak in...

Thousands of CRE borrowers call on banks for debt relief
Urban Outfitters CEO Richard A. Hayne and Ralph Lauren store CEO Patrice Louvet (Credit: Getty Images)

More major retailers furlough employees, withhold rent

The retail bloodbath continued Tuesday as more major chain retailers said they would furlough employees, suspend rent and institute...

More major retailers furlough employees, withhold rent
From left: Ace Watanasuparp, SVP National Director of Strategic Sales, Citizens Bank; Alan Rosenbaum, CEO/Founder, GuardHill Financial Corp; Mark Favaloro, President, New York Association of Mortgage Brokers

Home lending in the time of corona: “Underwriting is really difficult right now”

How do you underwrite a home mortgage when the economy is in flux and everyone is forced to stay...

Home lending in the time of corona: “Underwriting is really difficult right now”
Macy’s in Herald Square and CEO Jeff Gennette (Credit: Google Maps, D Dipasupil/FilmMagic)

Macy’s announces furloughs for “majority” of its workers

Macy’s Inc. will be furloughing most of its employees, starting this week, as Covid-19 continues to batter businesses large...

Macy’s announces furloughs for “majority” of its workers
(Credit: iStock)

Stimulus deal buoys real estate stocks, but coronavirus maintains its grip

The mid-week market optimism slid away Friday, as real estate stocks — including real estate investment trusts, brokerage firms...

Stimulus deal buoys real estate stocks, but coronavirus maintains its grip
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