A rendering showing how Symmetry's revised plan would preserve two historic buildings on the site at Wabash and Superior. "It's a total mess," downtown Ald. Brendan Reilly says of Symmetry Property Development's plan to develop the site at ...
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Is it time to declare this River North real estate project dead?
Chicago EB-5 investors irate over Symmetry tower project
It’s looking quite bad for Symmetry Property Development in Chicago. A slew of legal problems, including a federal EB-5 fraud suit and hostility from local Alderman Brendan Reilly, mean the developer’s 60-story hotel-condo tower project in ...
Feds Crack Down On EB-5 Visa Fraud
The United States is becoming a cosmopolitan country. This is more true today than at any other point in history. We can find various pieces of evidence confirming this case. We can see this in the proportion of our foreign born population. Ot...
EB-5 Visa changes: Only two months before cost of US entry rockets
Bernie Wolfsdorf, the US’s top immigration lawyer, is being run off his feet right now. The Durban-born managing partner of California-based Wolfsdorf Rosenthal, who is currently in SA, says the reason behind his sleep deprivation is the rush ...
Hollywood condo-hotel developer files bankruptcy
The Costa Hollywood Beach Resort. The developer of the Costa Hollywood Beach condo-hotel filed Chapter 11 reorganization. Costa Hollywood Property Owner LLC made the filing Thursday in U.S. Bankruptcy Court in Fort Lauderdale. The petiti...
16 more Chinese investors sue developer, lender over Vail condo project Solaris
The condo Solaris in Vail. Sixteen more Chinese nationals who invested in a high-profile condo project in Vail in exchange for a green card have sued the developer and the entity through which their money was funneled. The lawsuit filed ...
Court in securities-fraud case rules against former Palm Beach developer, with his consent
The court in securities-fraud case rules against former Palm Beach developer Robert V. Matthews, with his consent; case involved investor fraud tied to never-finished Palm House hotel project. A federal court has ruled against former Palm B...
What it’s like to live on the 123rd floor of the world’s tallest condo tower
Topping off at 1,550 feet, with 131 floors, Central Park Tower will be the world’s tallest residential building. It may also be the most expensive condo project ever, with up to $4 billion worth of apartments to be sold. The building’s 179...
Vermonters ready for an Ethics Commission that restores trust
The author argues that officials who were tied to the EB-5 investment scandal involving Jay Peak could have drawn scrutiny from a strong ethics commission. Bill Schubart is a regular columnist for VTDigger. He is a retired businessman and ...
Houston EB5 is coming to Nigeria
Houston eb5 announces Nigeria visit plans an investor open house and launch of Nigerian office at Lagos Cowork Join 3Invest and Houston EB5 to learn how your Nigerian success can become your American privilege through US Government approved...
Alterra Mountain Co. eyes Jay Peak, Vail takes a pass
Vail Resorts, a ski industry behemoth that has been gobbling up local resorts in recent years, is not interested in Jay Peak. Other companies, however, have visited the Northeast Kingdom resort, a company official told a local town board durin...
200 Asian investors victims of California’s largest EB-5 fraud ever?
A prominent Oakland businessman and two others are accused of committing a massive EB-5 fraud that could be the largest of its kind in state history. The trio took in $110 million from over 200 investors, and promised to create 2,000 jobs but ...
Chinese EB-5 investors sue developer of Colorado resort over ‘rigged’ loan, & claim they didn’t understand paperwork
13 Chinese investors who put their money into the $375 million Solaris project in Vail claim they’ve been defrauded and are suing the developer, Peter Knobel, and his Colorado regional center. The investors say the loan was “rigged” so that th...
A VTDigger Legal Fight Reveals That Key EB-5 Docs Are Missing
A protracted legal battle between a Vermont news outlet and the state attorney general has revealed gaps in the public record of how the state oversaw a fraudulent development project. According to a tech company hired to track down the mis...
McAllen hoping to enhance investment opportunities with Houston
The city of McAllen is partnering with the city of Houston in hopes of enhancing investment opportunities in the Rio Grande Valley. The McAllen EB-5 Regional Center Hosting a ceremony at the Cambria Hotel making the partnership official. Th...