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Report: One in Five NYC Hotels is Now Housing Illegal Immigrants

Report: One in Five NYC Hotels is Now Housing Illegal Immigrants

by Phil Hall | May 28, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Roughly 135 of New York City’s nearly 680 hotels are housing illegal immigrants, a loss of 16,532 hotel rooms, according to a report in the New York Times. This represents approximately one out of five hotels. The current level of lodging availability is 2,812 fewer...
John Lennon and Yoko Ono’s First NYC Home is Listed for $5.5 Million

John Lennon and Yoko Ono’s First NYC Home is Listed for $5.5 Million

by Phil Hall | May 22, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The two-story building in New York City’s Soho district that was once home to John Lennon and Yoko Ono has been listed for the first time in 53 years for $5.5 million. The couple bought the building in 1971 and lived there for two years until they moved into the...
Real Estate Attorney Douglas Heitner Joins Latham & Watkins

Real Estate Attorney Douglas Heitner Joins Latham & Watkins

by Phil Hall | May 21, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The law firm Latham & Watkins LLP has hired Douglas Heitner as a partner in its real estate practice. Heitner will be based in the firm’s New York City office and will advise clients on real estate transactions including joint ventures, financings, investment...
Patriots Owner Robert Kraft Sells Apartment at NYC’s Plaza Hotel for $22.5 Million

Patriots Owner Robert Kraft Sells Apartment at NYC’s Plaza Hotel for $22.5 Million

by Phil Hall | May 8, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New England Patriots owner Robert Kraft sold his apartment in New York City’s landmark Plaza hotel for $22.5 million in an off-market deal. The Wall Street Journal reported Kraft bought the residence in 2007 for $14.47 million, during the time when the hotel began to...
The World’s Wealthiest City Is…

The World’s Wealthiest City Is…

by Phil Hall | May 7, 2024 | International Real Estate News, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

When it comes to cities with a surplus number of millionaire residents, the U.S. is the global leader in the 2024 World’s Wealthiest Cities Report published by international wealth migration specialists Henley & Partners in collaboration with the global data...
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