A total of 244 large companies filed for bankruptcy protection in 2020, led by energy, retail and consumer services firms.

The 44 bankruptcies by companies with over $50 million since Oct. 1 make the fourth quarter the worst period since 2009.

The filing covers a planned 26-story hotel and residential tower across from the Peter Luger Steakhouse.

Sales of commercial and residential properties were down 49 percent year-to-date through November, according to REBNY.

The borough’s hotel operators don’t expect business volume to exceed an average of 20 percent as shutdown warnings rise.

There have been large blocks of office space added to the market in the third quarter in office hubs around the nation.

With all mall REITs struggling, those that focus on class-B and class-C properties face a particularly challenging future.

With vaccinations beginning, existing owners of struggling hotel properties are making a renewed effort to wait out the pandemic rather than sell for deep discounts.

In the first week of December, the proportion of mortgage borrowers that sought forbearance rose to its highest level since August.