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

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

by Phil Hall | Feb 12, 2025 | Commercial Real Estate News, News/Current 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...
FEMA Suspends Payments to NYC Hotels Housing Illegal Immigrants

FEMA Suspends Payments to NYC Hotels Housing Illegal Immigrants

by Phil Hall | Feb 10, 2025 | Commercial Real Estate News, Real Estate News, WRE News Exclusive

The Federal Emergency Management Agency (FEMA) has suspended payments sent to hotels in New York City lodging illegal immigrants after Elon Musk posted that the Department of Government Efficiency (DOGE) discovered $59 million was sent last week despite President...
DHS Claws Back $59 Million Given to NYC Hotels Housing Illegal Immigrants

Elon Musk: FEMA Gave $59 Million Last Week to NYC Hotels for Housing Illegal Immigrants

by Phil Hall | Feb 10, 2025 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Elon Musk announced the Department of Government Efficiency (DOGE) identified an unauthorized $59 million allocation by the Federal Emergency Management Agency (FEMA) for the lodging of migrants in New York City hotels. “The @DOGE team just discovered that FEMA sent...
IBM Expands NYC Office Space by 92,663 Square Feet

IBM Expands NYC Office Space by 92,663 Square Feet

by Phil Hall | Jan 27, 2025 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

SL Green Realty Corp. (NYSE: SLG) has signed a 92,663-square-foot expansion lease with IBM (NYSE: IBM) at One Madison Avenue at New York City, increasing the tech giant’s total footprint at the property to 362,092 square feet. The 15-year lease covers the entire...
Developers Propose Building Tallest-Ever American Skyscraper in NYC

Developers Propose Building Tallest-Ever American Skyscraper in NYC

by Phil Hall | Jan 17, 2025 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The real estate developers TF CornerStone and RXR are teaming on a proposed New York City mixed-use property that could become the tallest and most expensive skyscraper ever constructed in the country. Business Insider reports the project, dubbed 175 Park Avenue,...
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