The Delaware Valley Regional Center (DVRC) is different from other regional centers around the nation because it focuses on infrastructure development rather than commercial real estate projects to bring about economic growth. And it does s...
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Delaware Valley Regional Center sets unique standard for EB-5 infrastructure investments
Attorneys for EB-5 defendants may seek to delay October trial
The site on Bogner Drive in Newport where AnC Bio Vermont was planned but never built. Attorneys for the developers accused of fraud in a failed biomedical research facility project in the Northeast Kingdom may soon file a formal request t...
Former Lucky Dragon Las Vegas Reopens as Ahern Hotel, New Owner Not Betting on Gaming
The Lucky Dragon is no more. The ex-casino is now known as the Ahern Hotel. The failed Lucky Dragon off-Strip casino resort that cost $165 million to construct but shuttered less than two years after its November 2016 opening is back and o...
EB5 Processing Time Updates for the I-526 Petition and I-829 Petition
USCIS has updated the EB5 processing time at the Immigrant Investor Program Office (IPO) for the I-526 Petition (Immigrant Petition by Alien Investor) as well as the I-829 (Petition by Investor to Remove Conditions on Permanent Resident Status...
Kingdom Trail has $1M deal in the works to purchase 240-acre Quiros property
The property Kingdom Trail Association plans to buy on Darling Hill Road in East Burke, near the nonprofit’s winter center. The court-appointed receiver in charge of overseeing many of the real estate holdings of the indicted former owner ...
More EB-5 investors allege fraud at Jupiter development
Harbourside Place in Jupiter EB-5 developer Nick Mastroianni is facing another lawsuit from Chinese investors who poured money into the Harbourside Place project in Jupiter. Plaintiffs Ting Peng and Lin Fu, both Chinese-born EB-5 investo...
State funds could solve Newport courthouse woes
Vermont Superior Court in Newport. Concerns that Newport’s courthouses are too old and poorly designed for modern judicial work could be eased with state money. Last month, Gov. Phil Scott proposed bookmarking $1.5 million in the state ...
Quiros, Stenger, Kelly weigh being tried together, or separately, in EB-5 fraud case
The site on Bogner Drive in Newport where AnC Bio Vermont was planned but never built. The attorneys for the developers of a failed $110 million biomedical research center in Newport facing criminal charges say they need more time to consi...
USCIS Re-Prioritizes EB-5 I-526 Adjudication Based on Visa Number Availability: The Good, the Bad, and the Ugly
USCIS has been falling farther and farther behind on adjudication of EB-5 filings. Last week USCIS suddenly announced that, starting March 31, 2020, it will adjudicate first I-526 petitions from investors for whom a visa number will be immedia...
Some EB-5 Investors Could Soon See Quicker I-526 Petition Approvals Thanks To New Process Change
USCIS has announced a new change for processing the I-526, Immigrant Petition by Alien Entrepreneurs. This may lead to quicker processing times and I-526 petition approvals for qualified investors from countries that have relatively fewer EB-5...
Judge rejects bid by Quiros to move EB-5 fraud trial out of Vermont
Geoffrey Crawford, chief judge of the United States District Court for the District of Vermont. A federal judge has ruled against a request by Ariel Quiros, who prosecutors call the mastermind of a fraud scheme that bilked millions from in...
Harbourside Place developer Nick Mastroianni II faces new lawsuit saying he defrauded investors
It’s the latest lawsuit over the way Harbourside Place developer Nicholas Mastroianni II handled immigrant investors’ cash through the EB-5 program. Mastroianni built Harbourside at the corner of Indiantown Road and U.S. 1 in Jupiter. Anoth...
Lucky's Files Chapter 11, Seeks to Sell All Stores
Aldi emerges as a bidder for 6 units and Publix looks to buy 5; operating stores also on the block Lucky’s Markets, which last week said it would be closing 32 of its 39 stores, this week filed for protection under Chapter 11 of the U.S. Ba...
Where Are All the EB-5 Real Estate Juggernauts? CMB Regional Centers
Over the last three years, many regional centers approached the changes proposed in the new regulations as if they were the end of the world. How would they actually operate in truly rural areas and in actual urban distressed areas without ger...
EB-5 In 2020: Managing The 'Stun Gun' That Just Hit The Investment Program
In November, the price of a U.S. permanent residency visa through the EB-5 program jumped by 80%, and the federal government tightened the rules on what qualifies as a legitimate EB-5 investment. In response, demand for the visas has slowed...