Biden’s recovery plans, Airbnb and the inauguration, IKEA and strip malls, some high-yield REITs, and birds and buildings don’t mix.
Today on Millionacres
New Federal Stimulus Plan Calls for Extending the Federal Eviction Moratorium
There’s a lot included to make a recovery package reach a $1.9 trillion price tag. Millionacres’ 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’s a good chance much of this will happen.
Airbnb Canceling D.C. Bookings for Inauguration Week: The Local Impact
With the FBI warning of more armed protests being planned for the Washington, D.C. area, Airbnb (NASDAQ: ABNB) isn’t taking any chances.
Why it matters: Visits to this prime destination already have been hit hard by the pandemic, and now this. Millionacres’ 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 Opens Its First Strip Mall Location: What It Means for Investors
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: Millionacres’ Liz Brumer says she believes that in the long run, this move into urban hubs will help retail recover — and bring retail investors up with it.
3 Top Real Estate Stocks to Buy With Dividends Above 5%
Investors looking for income in today’s low-yield world should consider the 5%-plus yields being offered by W.P. Carey (NYSE: WPC), Federal Realty Investment Trust (NYSE: FRT), and Simon Property Group (NYSE: SPG).
Why it matters: Millionacres’ Reuben Gregg Brewer explains why if you’re willing to ride out some rough spots, these three real estate investment trusts (REITs) could yield nice returns in the long run.
Bird-Friendly Glass Ordinances: What Developers Should Consider
As high-rise cities expand, birds dying or suffering injuries from crashing into glass buildings is becoming too big a problem to ignore: Between 600 million and 1 billion birds die this way each year in the United States.
Why it matters: Millionacres’ Laura Agadoni explains why this is an environmental and business issue and how New York City already is taking a lead — one that others may follow.