The latest on the stimulus plan, Vornado in a Trump whirlwind, examining the risks in federally focused logistics and REITs, obliterating the culture and residential owner.
In today’s news
Twelve House committees have begun to consider President Biden’s $ 1.9 trillion stimulus package. Although the bill contains a number of provisions of interest to the housing community, some questions remain as the aid package is assembled.
Why It Matters: This post published today by the National Association of Home Builders provides a concise summary of what’s on the massive bill, including emergency aid for homeowners, renters, and small businesses.
The Wall Street newspaper [subscription required] reports that Vornado (NYSE: VNO) is exploring ways to end a profitable partnership with the Trump Organization that includes major properties in New York and San Francisco that the real estate investment fund (REIT) tried to dump last year.
Why it matters: The WSJ says Vornado CEO Steven Roth is a longtime friend and supporter of Trump and that a deal would reduce Trump Organization holdings but …
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