Biden#8217;s recovery plans, Airbnb and the inauguration, IKEA and strip malls, some high-yield REITs, and birds and buildings don#8217;t mix.
Today on Millionacres
There#8217;s a lot included to make a recovery package reach a $1.9 trillion price tag. Millionacres#8217; Deidre Woollard picks out some highlights for real estate investors, including rent relief, eviction protections, vaccine programs that could help hospitality and retail, and more.
Why it matters: With one party in charge of the House, Senate, and White House, there#8217;s a good chance much of this will happen.
With the FBI warning of more armed protests being planned for the Washington, D.C. area, Airbnb (NASDAQ: ABNB) isn#8217;t taking any chances.
Why it matters: Visits to this prime destination already have been hit hard by the pandemic, and now this. Millionacres#8217; Maurie Backman points out that Airbnb will be reimbursing hosts for canceled reservations, but the loss of tourism traffic in the District also will hurt retailers and restaurants at a time when they, too, can ill afford it.
IKEA has just opened its first strip mall location in Queens, New York, moving forward on plans to expand its retail presence with formats smaller than its traditional big boxes. Owners of those commercial centers where IKEA lands can only stand to benefit.
Why it matters: