No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Monday, March 30, 2026
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

Billionaire Trump supporter blocks sale of Texas warehouse for use as ICE jail

by TheAdviserMagazine
1 month ago
in Business
Reading Time: 2 mins read
A A
Billionaire Trump supporter blocks sale of Texas warehouse for use as ICE jail
Share on FacebookShare on TwitterShare on LInkedIn



Rumors of an ICE detention center in a town in Texas have prompted a declarative response from a billionaire Trump supporter. The centers have been compared to concentration camps.

As rumors swirled that ICE was eyeing warehouse properties with the aim of creating new detention facilities—an expansion of the now-defunct “Alligator Alcatraz” or the camps that separated immigrant families during President Donald Trump’s first term—billionaire Edward Roski Jr. stood firm. 

Yes, the Department of Homeland Security had approached his company, Majestic Realty, to sell a 1-million-square-foot facility that could hold up to 9,500 beds, Roski confirmed. But no, this deal was not going to happen—and nor will any deal like it at his company. 

“Majestic Realty Co. has not and will not enter into any agreement for the purchase or lease of any building to the Department of Homeland Security for use as a detention facility,” the company said, adding that they “look forward to continuing our work to find a buyer or lease tenant that will help drive economic growth.”

The Los Angeles–based real estate company is owned by Roski, who is estimated to be worth $7 billion and is co-owner of the Los Angeles Kings, Los Angeles Lakers, and the Crypto.com Arena. He is also a longtime Republican who donated a total of $200,000 to President Donald Trump’s 2024 campaign, according to federal funding records cited by Business Insider. 

The warehouse was one of more than two dozen locations identified by DHS as potential detention center sites, according to several news outlets. The company did not give a specific reason for its decision not to sell, or why it had been identified by DHS. Majestic Realty declined to comment beyond the statement. 

Last year, $45 billion was allocated to build new detention facilities in the One Big Beautiful Bill Act. The administration plans to build more than two dozen “mega centers,” or converted warehouses, to detain immigrants, Bloomberg reported in December. 

DHS has been ramping up its purchase of new detention facility sites in recent months. In January, the administration bought a site in Williamsport, Md., for $102.4 million and another in Surprise, Ariz., for $70 million, according to Bloomberg. 

Roski is not the first billionaire whose company has decided not to sell to DHS. Canadian billionaire Jimmy Pattison’s development company backed out of a sale of a 550,000-square-foot Virginia warehouse, Bloomberg reported. The sale was stopped following protests and a threat of a widespread boycott against all of Pattison’s companies.

Several local news outlets reported many people in Hutchins, Texas, a town of 6,000, opposed the potential ICE facility, including Mayor Mario Vasquez, who said that the town’s warehouses “are for storage, not for holding people.”

“I want to first commend the owner of the building, Majestic Realty, for their decision, and we look forward to working with Majestic Realty to find a tenant that is a good fit for the City of Hutchins,” Vasquez said in a statement after the announcements. “Your concerns did not go unnoticed.”



Source link

Tags: BillionaireBlocksICEjailSaleSupporterTexasTrumpWarehouse
ShareTweetShare
Previous Post

Financial concerns drive retirees back to work: AARP

Next Post

Russia’s censorship crackdown and WhatsApp ban expose the decentralization gap the crypto industry keeps missing

Related Posts

edit post
Walmart Mexico expands Vusion partnership for EdgeSense rollout

Walmart Mexico expands Vusion partnership for EdgeSense rollout

by TheAdviserMagazine
March 30, 2026
0

Walmart Mexico is widening its collaboration with French retail solutions provider Vusion to deploy connected store technology across key retail...

edit post
ScaleOps raises 0m at valuation over 0m

ScaleOps raises $130m at valuation over $800m

by TheAdviserMagazine
March 30, 2026
0

Israeli autonomous cloud and AI infrastructure resource management company ScaleOps today announced it has completed a $130 million Series...

edit post
A 58-year-old left NYC for Miami to save on taxes — then retired early thanks to hidden savings. Here’s the math

A 58-year-old left NYC for Miami to save on taxes — then retired early thanks to hidden savings. Here’s the math

by TheAdviserMagazine
March 30, 2026
0

After nearly four decades working in New York City, Scott Scovel was ready for something new. In 2019, he sold...

edit post
As the Iran war drags on, ‘shell-shocked’ CEOs may soon break their silence on Trump

As the Iran war drags on, ‘shell-shocked’ CEOs may soon break their silence on Trump

by TheAdviserMagazine
March 30, 2026
0

Good morning. Will a war-induced recession inspire CEOs to speak out against the Trump administration? Economists like Moodys’ Mark Zandi...

edit post
Israeli tech startups raise .1b in first quarter

Israeli tech startups raise $3.1b in first quarter

by TheAdviserMagazine
March 30, 2026
0

In the first quarter of 2026, Israel technology startups raised $3.1 billion in 98 investment rounds, 34% more than...

edit post
Stock Market Holiday: NSE, BSE shut tomorrow for Mahavir Jayanti; check 12 upcoming holidays

Stock Market Holiday: NSE, BSE shut tomorrow for Mahavir Jayanti; check 12 upcoming holidays

by TheAdviserMagazine
March 30, 2026
0

Indian stock markets will remain shut on March 31 as BSE and National Stock Exchange (NSE) will remain closed for...

Next Post
edit post
Russia’s censorship crackdown and WhatsApp ban expose the decentralization gap the crypto industry keeps missing

Russia’s censorship crackdown and WhatsApp ban expose the decentralization gap the crypto industry keeps missing

edit post
CFTC Rallies to Defend Prediction Markets From State Attacks

CFTC Rallies to Defend Prediction Markets From State Attacks

  • Trending
  • Comments
  • Latest
edit post
Massachusetts loses billions in income after millionaire tax

Massachusetts loses billions in income after millionaire tax

March 24, 2026
edit post
Illinois’ Paid Leave for All Workers Act Takes Effect — Every Employee Now Gets Guaranteed Time Off

Illinois’ Paid Leave for All Workers Act Takes Effect — Every Employee Now Gets Guaranteed Time Off

March 27, 2026
edit post
Publix to Open 5 New Stores by End of April. See Upcoming Locations.

Publix to Open 5 New Stores by End of April. See Upcoming Locations.

March 20, 2026
edit post
Hospitals in This State Routinely Sue Patients Over Unpaid Bills

Hospitals in This State Routinely Sue Patients Over Unpaid Bills

March 27, 2026
edit post
Who Is Legally Next of Kin in North Carolina?

Who Is Legally Next of Kin in North Carolina?

February 28, 2026
edit post
The Growing Movement to End Property Taxes Continues in Kentucky, And What It Means For Investors

The Growing Movement to End Property Taxes Continues in Kentucky, And What It Means For Investors

March 2, 2026
edit post
I Bought a House. Here’s What Changed on My Tax Return

I Bought a House. Here’s What Changed on My Tax Return

0
edit post
SolarEdge Technologies (SEDG): Wechselrichter-Spezialist kurz vor dem Ausbruch?

SolarEdge Technologies (SEDG): Wechselrichter-Spezialist kurz vor dem Ausbruch?

0
edit post
Walmart Mexico expands Vusion partnership for EdgeSense rollout

Walmart Mexico expands Vusion partnership for EdgeSense rollout

0
edit post
Why Coal India’s arm CMPDI could be a buy even after 7% IPO debut crash today

Why Coal India’s arm CMPDI could be a buy even after 7% IPO debut crash today

0
edit post
Bernstein Says Crypto Equities at 60% Discount as Tokenization Trade Begins

Bernstein Says Crypto Equities at 60% Discount as Tokenization Trade Begins

0
edit post
6 Social Security Changes That Forever Altered Your Retirement

6 Social Security Changes That Forever Altered Your Retirement

0
edit post
Walmart Mexico expands Vusion partnership for EdgeSense rollout

Walmart Mexico expands Vusion partnership for EdgeSense rollout

March 30, 2026
edit post
SolarEdge Technologies (SEDG): Wechselrichter-Spezialist kurz vor dem Ausbruch?

SolarEdge Technologies (SEDG): Wechselrichter-Spezialist kurz vor dem Ausbruch?

March 30, 2026
edit post
6 Social Security Changes That Forever Altered Your Retirement

6 Social Security Changes That Forever Altered Your Retirement

March 30, 2026
edit post
Bernstein Says Crypto Equities at 60% Discount as Tokenization Trade Begins

Bernstein Says Crypto Equities at 60% Discount as Tokenization Trade Begins

March 30, 2026
edit post
ScaleOps raises 0m at valuation over 0m

ScaleOps raises $130m at valuation over $800m

March 30, 2026
edit post
Silicon Valley startup backed by Tim Draper pitches growing brainless human clones for organ harvesting and brain transplants

Silicon Valley startup backed by Tim Draper pitches growing brainless human clones for organ harvesting and brain transplants

March 30, 2026
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Walmart Mexico expands Vusion partnership for EdgeSense rollout
  • SolarEdge Technologies (SEDG): Wechselrichter-Spezialist kurz vor dem Ausbruch?
  • 6 Social Security Changes That Forever Altered Your Retirement
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.