Traders don’t believe that Congress is foolish enough to allow a default, and even if one were to occur, they are signaling it would be short-lived and less damaging than feared.
Many companies have turned to hot desking as they reduce office space, but many employees hate it, according to report from The Wall Street Journal. Vornado Realty may be on the brink of defaulting on $2.6 billion in loans, according to The Real Deal. These are among the must reads from around the real estate investment world to kick off the week.
