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NYC to End Lease with Last Major Hotel Housing Migrants

NYC to End Lease with Last Major Hotel Housing Migrants

by Phil Hall | Aug 11, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

New York City will not renew its lease with the last major hotel operating as a migrant shelter. According to The New York Times, Mayor Eric Adams said the Row NYC in Times Square will cease housing migrants in April when the city’s lease with the establishment...
Migrant Processing Services Terminated at NYC’s Historic Roosevelt Hotel

Migrant Processing Services Terminated at NYC’s Historic Roosevelt Hotel

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

New York City has officially ended the migrant arrival center that has been operating within the historic Roosevelt Hotel. The Associated Press reports the center’s last full day in operation was on Monday, with the hotel becoming vacant on Tuesday afternoon. The...
Residency Requirements Changed on FHA-Insured Mortgages to Shut Out Illegal Immigrants

Residency Requirements Changed on FHA-Insured Mortgages to Shut Out Illegal Immigrants

by Phil Hall | Mar 27, 2025 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Housing and Urban Development (HUD) Secretary Scott Turner announced residency requirements for Federal Housing Administration (FHA)-insured mortgages were changed to eliminate the “non-permanent residents” category from the Title I and Title II programs. In a...
Migrant Processing Services Terminated at NYC’s Historic Roosevelt Hotel

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...
Migrant Processing Services Terminated at NYC’s Historic Roosevelt Hotel

DHS Claws Back $59 Million Given to NYC Hotels Housing Illegal Immigrants

by Phil Hall | Feb 12, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The Department of Homeland Security (DHS) has confirmed it has successfully clawed back the $59 million from an unauthorized transfer to New York City hotels that are housing illegal immigrants. The Federal Emergency Management Agency (FEMA) suspended the payments...
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