A DACA vigil was held at Meldrum Park in Sioux Falls, South Dakota in response to President Trump ending the program earlier in the day. A federal judge has refused to dismiss a lawsuit filed against the architect of the state’s EB-5 immigr...
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Lawsuit over scandal-plagued EB-5 program to move forward
4 reasons why EB-5 visa programme is the best for studying abroad
You were probably unaware of the EB-5 visa programme. Here is why it is the best choice to study abroad. Most Indians seeking a future in the US pursue the well-known F1 and H1-B visa programmes. However, a lesser known programme, the EB-5 ...
Senior living developer avoids EB-5 ban, receivership
A Chicago-based senior living developer avoided being barred from the EB-5 Immigrant Investor Program, and his companies are not going into receivership, after a federal judge on Tuesday denied a request for a preliminary injunction and receiv...
‘Give Me Your Contented, Your Rich;’ EB-5 Visas in LA?—?Immigration for the 1%
Proposed rendering of the Tommie Hotel (via the LA City Planning Commission) The Trump administration is rapidly expanding the scope of deportations and ICE raids against immigrants, and this week ended DACA. Thousands of people have alread...
South Dakota's new whistleblower law probably won't help Gear Up witnesses
Police go over the call log at the Sioux Falls Police Briefing on Sept. 1 South Dakota's new whistleblower law, on the books since July, was an effort by lawmakers to protect public employees who come forward with concerns like those that l...
Phillips Realty Capital Arranges $61.5M in Construction Financing for Apartment Asset in D.C.
1401 Penn in Washington, D.C., will feature 19,000 square feet of first-floor retail space and 167 apartment units. Phillips Realty Capital has arranged $61.5 million in financing for the development of 1401 Penn, a Class A apartment develo...
Civitas Capital Group Breaks Ground on Live-Work-Play Multifamily Development in New York
Civitas Capital Group ("Civitas"), a leading independent specialty asset management and financial services firm, officially broke ground recently on Printhouse, a 71-unit, six-story multifamily development in downtown New Rochelle, New York. L...
Jay Peak Receiver Has Lots on His Plate After Partial Settlement
A Fort Lauderdale attorney assigned to protect immigrant investors in the Jay Peak ski resort fraud has distributed about $10 million, with more likely to come since the resort's owner agreed not to fight the allegations. Ariel Quiros agree...
Florida could lose millions of investment dollars if Trump-backed immigration bill passes
A little-noticed provision in the congressional bill overhauling the U.S. immigration system that President Donald Trump endorsed Wednesday would abolish a program that has brought billions of dollars into the United States — including hundred...
Jared Kushner’s Real Estate Business Subpoenaed by US Attorney
Kushner Companies, Jared Kushner’s family-owned real estate firm, has been reportedly subpoenaed by federal prosecutors, CNBC reports. The subpoena is allegedly related to the company’s use of the EB-5 federal visa program. The EB-5 federal...
State escapes $19M lawsuit in EB-5 scandal, pending appeal
Investigations into the state's EB-5 immigrant visa program stemmed from a look into the finances of an idled beef plant in Aberdeen. Thirty-five Chinese investors who lost $18.55 million in a failed South Dakota economic development projec...
Stowe businessman sues over scandal
Bill Stenger and Ariel Quiros at a ribbon cutting. A Stowe businessman who invested more than half a million dollars in Jay Peak expansion in the Northeast Kingdom is suing a Florida law firm and its president for malpractice and breach of...
Mount Snow eyes growth amid EB-5 cloud
Federal and state officials differ on approach to shutdown of regional center Despite Vermont’s big problems with EB-5, the foreign investment program, has led to major expansions at Mount Snow. And that trend may continue, even in the w...
Delshah close to securing $130M construction loan for 30 Morningside
30 Morningside Drive and Michael Shah Michael Shah would contribute $123M to the five-building development, TASE documents show Michael Shah’s Delshah Capital entered into a non-binding contract for a $130 million construction loan? to f...
EB-5 scandal haunts former Global Aquaponics officer
Minnehaha County Emergency Management assistant director Doug Blomker discusses qualifications for police reserve officers. A key player in a proposed multi-million-dollar fish farm south of Brookings was recently named as a debtor in sever...