An international trade hub is scheduled to open next year in Casa Grande, Arizona, after being plagued by delays, setbacks and a federal investigation. PhoenixMart was first announced in 2011 as a sourcing center bringing manufacturers, sel...
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International trade center plans 2018 opening in Arizona
The Molasky Group Develops Mixed-Use Properties from Seattle to Jacksonville
The Molasky Group is developing a string of properties that will bring new rental units, retail spaces and hotel keys to multiple markets. The Molasky Group is developing mixed-use properties that will bring apartment units, hotel keys and...
The latest fight to build a supertall on Sutton Place heats up
After winning the site at foreclosure, Gamma Real Estate is racing to beat a campaign to rezone the area and get its lux condo tower off the ground From the outset, 3 Sutton Place was a minefield — a development site mired in high-interest ...
Arcadia couple accused of bilking $12 million from Chinese immigrants through EB-5 visa fraud scheme
An Arcadia couple was accused by federal investigators of defrauding investors through two schemes involving EB-5 visa investment offerings. The couple runs a series of companies that raised more than $22.5 million from 45 Chinese investors...
Developer George Xu is considering opening the first Westin Residences in New York City
Xu, who heads Century Development Group, is looking at branching out into the branded residences business with a planned Westin hotel at 137-61 Northern Boulevard in Flushing, Queens. The project, which sits on a site once occupied by GW Super...
Quiros’ ex-legal team makes pitch for $1M in legal fees
Bill Stenger, left, and Ariel Quiros at a ribbon cutting. The former legal team for Jay Peak owner Ariel Quiros is asking a judge to support their latest proposal to recoup some of the $3 million they say they are owed for defending the dev...
Scott won’t rule out EB-5 special prosecutor
The Hotel Jay is the signature project of the Jay Peak Resort expansion. The developers used EB-5 immigrant investor money to build the five-story hotel. An investor alleges that the fifth floor was double-sold to two sets of investors. Go...
SEC Halts EB-5 Scheme in Los Angeles Area
The Securities and Exchange Commission has obtained an emergency court order to freeze the assets of a husband and wife in Arcadia, California, who allegedly defrauded investors in two EB-5 investment offerings. According to the SEC's compl...
Luther Strange profits $153,530 from sale of visas to foreign nationals
U.S. Sen. Luther Strange earned $153,350 in 2016 from the sale of VISAs to wealthy foreigner nationals, allowing them to bypass the legal immigration process. The disclosure was made by Alabama State Auditor Jim Zeigler, who called the earn...
EB-5 fraud lawsuit against Vermont heads to court
Colchester topped Champlain Valley 21-12 in a Division I high school football game Saturday. The question of whether Vermont government leaders were complicit in the massive Jay Peak Resort fraud case moves for the first time to a courtroom...
Businessman Stole Investor Funds for Packers Tickets, SEC Says: Enforcement
Cheesehead-donning fans of the Green Bay Packers. Also, FINRA censures and fines Goldman Sachs, State Street and UBS. The Securities and Exchange Commission charged a Wisconsin businessman with stealing millions of dollars of investor fu...
Why wait for congress Roy Moore hits Luther Strange on EB-5 firm at debate
At the “Lincoln-Douglas” style moderator-less debate in Montgomery, Alabama Thursday, former Alabama Chief Justice Roy Moore called out his opponent Sen. Luther Strange over revelations he stands to profit from the controversial EB-5 visa prog...
EB-5 investors: Don’t toss case against ex-Jay Peak owner
The Hotel Jay is the signature project of the Jay Peak Resort expansion. The developers used EB-5 immigrant investor money to build the five-story hotel. An investor alleges that the fifth floor was double-sold to two sets of investors. Thr...
Intense interest prompts venue change for Water Street meeting in Ypsilanti
Ypsilanti City Council is changing the location of its regular meeting due to a larger-than-normal crowd expected to hear about a purchase agreement for the Water Street development. Mayor Amanda Edmonds and Councilman Pete Murdock confirme...
Luther Strange benefits financially from company selling visa access to wealthy foreigners
While immigration is among the hot-button issues in the Alabama U.S. Senate Runoff between Republicans Roy Moore and Luther Strange, WHNT News 19 has confirmed State Auditor Jim Zeigler's discovery that Strange currently benefits financially f...