WMRE Daily
WMRE Daily

FEBRUARY 24, 2021

Top Story

Biden's Use of Fair Housing Act Could Open Doors for Development

Exclusive suburban areas can be held to account if their policies create places where housing is consistently too expensive for people protected by the law.

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Commentary

What the Permitted Use Clause Means Under COVID-19 Restrictions

While many commercial real estate insiders have focused on the force majeure clauses, there are other aspects of lease contracts that may come into play.

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WMRE Wire

Brooklyn Real Estate Empire Shows Strain with Rental Bankruptcy

Evergreen Gardens Mezz LLC, part of the 900-unit Denizen apartment complex in Bushwick, is seeking Chapter 11 protection.

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Macy’s Slides Amid Worries on Continued Pandemic Headwinds

The department store chain expects this to be a “recovery and rebuilding year,” with net sales well below pre-pandemic forecast.

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12 Must Reads for the CRE Industry Today

COVID-19 cases in nursing homes and assisted living facilities have drastically declined since the U.S. vaccination campaign got underway, reports Axios. Marriott International has named a new CEO, reports the Wall Street Journal. These are among today’s must reads from around the commercial real estate industry.

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