With the free market in free fall, real estate bigwigs turned to Uncle Sam. Harry Macklowe, Aby Rosen and the U.S. subsidiary of Chinese developer Greenland were among the thousands of recipients of the Small Business Administration’s Paycheck Protection Program. The program, which provides forgivable loans so companies can keep employees on payroll, has been extended for a third time. Developers and landlords were excluded from the program, but some used loopholes — such as
source https://therealdeal.com/2020/07/10/harry-macklowe-aby-rosen-and-joe-sitt-among-6500-developers-landlords-who-got-ppp-bucks/
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