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NYC’s Historic Roosevelt Hotel to Cease Operating as Migrant Shelter

NYC’s Historic Roosevelt Hotel to Cease Operating as Migrant Shelter

by Phil Hall | Feb 25, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

New York City Mayor Eric Adams has announced the historic Roosevelt Hotel will cease to serve as a migrant shelter in June. The Wall Street Journal reports Adams’ administration said plans to close the hotel were being formulated since December, when the number of...
SEC Brings New Charges Against Elie Schwartz

SEC Brings New Charges Against Elie Schwartz

by Phil Hall | Feb 25, 2025 | Current News & Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The Securities and Exchange Commission (SEC) has brought new charges against Elchonon “Elie” Schwartz and his New York City-based commercial real estate investment firm Nightingale Properties LLC. Earlier this month, Schwartz pleaded guilty in federal court for...
Goodman Real Estate Acquires Phoenix Multifamily Community for $131.1 Million

Goodman Real Estate Acquires Phoenix Multifamily Community for $131.1 Million

by Phil Hall | Feb 25, 2025 | Current News & Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

Goodman Real Estate, a Seattle-headquartered real estate investment company specializing in multifamily and commercial real estate, has acquired Town Deer Valley Apartments, a 388-unit Class A property located in Phoenix, for $131.1 million. The sale was facilitated...
Survey: 70% of Remote/Hybrid Workers Would Rather Get New Job Than Return to Office

Survey: 70% of Remote/Hybrid Workers Would Rather Get New Job Than Return to Office

by Phil Hall | Feb 25, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Here’s some potentially bad news for the office property sector: a new survey from FTI Consulting Inc. (NYSE: FCN) found most US workers (70%) who are currently either fully remote or in a hybrid arrangement said they are very likely or somewhat likely to seek another...
A Phil Hall Op-Ed: 60 Minutes vs. DOGE vs. CFPB

A Phil Hall Op-Ed: 60 Minutes vs. DOGE vs. CFPB

by Phil Hall | Feb 24, 2025 | A Phil Hall Op-Ed, Current News & Events, Real Estate News, WRE News Exclusive

A Phil Hall Op-Ed: Silly me, I thought that “Saturday Night Live” was the only stale survivor from distant generations still wasting time and energy on the television schedule. But then I watched Sunday’s segment of “60 Minutes” on the Consumer Financial Protection...
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