GOP counters Biden-backed bill, and what’s in it for real estate investors; slipping Manhattan retail space rents reveals opportunity for small fish in the big pond; building a case for homebuilding stocks; nothing spooky about ghost kitchens.
Today in Infrastructure Spending News
A nearly $1 trillion transportation bill GOP senators unveiled Thursday is a significant increase from an earlier Republican proposal but doesn’t include the social infrastructure or corporate tax increase President Joe Biden wants.
The Millionacres takeaway: USA Today points out that the plan relies heavily on unspent COVID-19 relief money intended for states and cities and remains far short of Biden’s $1.7 trillion American Jobs Plan. But at least it’s a counteroffer. That’s motion.
As negotiations appear to heat up for a multi-trillion-dollar infrastructure deal in Congress, the White House this week released details on its side of the bargain — the American Jobs Plan.
The Millionacres takeaway: While the final product is far from determined, it does seem likely that there’ll be multiple new and expanded opportunities for real estate investment incented by the outcome.
Also in Today’s News
This New York Times piece [subscription required] focuses on how commercial landlords are negotiating, and how many entrepreneurs see this as the perfect time to expand.
The Millionacres takeaway: Well, if they can make it there, they can make it anywhere, so this could be a sign of similar activity happening around the country. Maybe the least among us are leading the way out of this retail morass. Wouldn’t that be loverly?
Today on Millionacres
As a whole, homebuilding stocks should thrive in the coming years as the nation builds more homes to meet increasing demand from millennial buyers. But they’re not all alike.
The Millionacres takeaway: Our Matthew DiLallo provides an insightful overview here on the various markets these major players serve and how that might play out in their future performance.
It’s not really surprising that ghost kitchens are continuing to emerge in the wake of the pandemic. And now, another restaurant chain is trying out this model.
The Millionacres takeaway: Our Maurie Backman provides a primer on what ghost kitchens are and the various ways the concept can work for restaurant properties and their investors.
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