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11 Must Reads for the CRE Industry Today (Dec. 11, 2020) The Wall Street Journal looks at Airbnb’s rising IPO valuation. The New York Times and the Washington Post examine the consequences of the stalled stimulus package and how states are trying to mitigate the damage. These are among today’s must reads from around the commercial real estate industry.
States Try to Rescue Small Businesses as U.S. Aid Is Snarled “With the economic recovery faltering and federal aid stalled in Washington, state governments are stepping in to try to help small businesses survive the pandemic winter. The Colorado legislature held a special session last week to pass an economic aid package. Ohio is offering a new round of grants to restaurants, bars and other businesses affected by the pandemic. And in California, a new fund will use state money to backstop what could ultimately be hundreds of millions of dollars in private loans.” (