Pandemic relief impact, Bloomberg spanks SPACs, Chicago leads corporate expansion locales, some direction for Compass consideration, and malls to labs.
In Today's News
Retailers Cheer as Biden's $1.9 Trillion Pandemic Relief Bill Clears Senate
This piece in Retail Dive today looks at this big story from the retail angle and says that the stimulus should help hasten a recovery that already seems to be underway.
The Millionacres takeaway: There's a lot in this humongous package of interest and concern to real estate investors, including restaurant relief and aid to renters, including many who now may be covered by eviction moratoriums.
Are SPACs a Good Investment? Inside a Looming Stock Market Bubble
Bloomberg Wealth calls the surge in special purpose acquisition companies (SPACs) a Wall Street craze that's stretching all the limits and involves "flying taxis, bikini GIFs, and a rapper with a taste for champagne."
The Millionacres takeaway: We don't want to be spoilsports here, but SPACs are popping up like daffodils this spring, and it might be a good time to be on guard against, as one former Fed chair warned, "irrational exuberance." Just sayin'.
Chicago Metro Again Leads for Corporate Expansions, Relocations
Site Selection magazine says that Chicago has once again led its list of major markets ranked by total projects for corporate expansions and relocations. Top spots for 2021 in the smaller markets include Savannah, Georgia; Toledo, Ohio; and Sioux City, Iowa.
The Millionacres takeaway: Check out this piece if you're interested in a lot of under-the-radar areas -- unless you live there -- that are prime areas for this kind of real estate investment activity.
Today on Millionacres
Compass Goes Public. Should You Invest?
At the start of 2021, we learned that Compass, a fast-growing residential real estate brokerage, was planning to go public in 2021. The company's S-1 document it filed with the SEC is now available.
The Millionacres takeaway: Our Deidre Woollard takes a look under the hood and lays out what she finds. If you want to know, you'll have to click on the headline and read what she says. (In the biz, we call that a "tease.")
Malls to Labs: The Leading Edge of an Investment Trend?
Life sciences office space is a growing industry while retail malls are reeling, and a big real estate investment trust's (REITs) newest Beantown acquisition is a daily double for retail investors following and reacting to those trends.
The Millionacres takeaway: Investors can buy into REITs doing this kind of work, of course, or look for opportunities in spaces too small for the big shots to bother with, such as small office buildings and strip mall centers. You just have to choose the right neighborhood.