realestate

Harris receives disproportionate support from large corporate contributors

Vice President Kamala Harris's popularity in California translates to an edge in real estate industry support, with industry executives donating to her PACs.

I
n California's deep blue landscape, Vice President Kamala Harris enjoys a significant fundraising advantage among real estate industry executives. According to FEC filings as of September 30, nine top donors with ties to the industry have given predominantly to Harris' campaign. The Los Angeles Times reported that 89% of these donors gave to Harris, while 11% supported former President Donald Trump.

    Here are some notable donors from California's real estate sector who backed Harris:

    * Peter Lowy, a shopping center mogul and co-headquartered in Los Angeles, donated $1.85 million to a committee supporting Harris.

    * Eli Reinhard, owner of Arcadia Development in San Jose, also gave $1.85 million to Harris' campaign.

    * George Marcus, chairman of brokerage Marcus & Millichap in Calabasas, contributed $1.12 million to the Harris Victory Fund.

    * Wayne Jordan, CEO of Jordan Real Estate Investments in Oakland, donated $1.1 million to the same fund.

    In contrast, Trump received support from two industry donors: Geoffrey Palmer, owner of Beverly Hills development firm G.H. Palmer Associates, and Steve Eggbert, co-founder of Anton Devco, a multifamily development firm in Sacramento. Harris' strong ties to California's real estate sector are not surprising given her background as the state's junior senator and attorney general before joining Joe Biden's ticket in 2020. Trump, on the other hand, has frequently criticized California and its leaders, ultimately losing the state by nearly 20 percentage points in the 2020 presidential campaign.

Senator Kamala Harris receives significant campaign funding from major corporations nationwide.