On track for a September opening, the property is the third Moxy-brand hotel in Manhattan developed by Lightstone in partnership with Marriott.
Lightstone has raised $70 million&nb...
A Lower Manhattan hotel has locked in a $67.5 million refinancing from Investors Bank, New York City property records show.
In a deal that closed earlier this week, Lam Group, led ...
Tang Shougang is one of a generation of young Chinese who seem to have it all. Aged just 35, Mr. Tang (not his real name) has a well-paid job for a tech firm, and his wife owns a successfu...
A prospective buyer browses property listings in New York. ?
Chinese buyers pulled away from the US residential market in the past year, as the trade war and tighter capital controls le...
The developers of a downtown Manhattan luxury condo building known as 125 Greenwich are in default, according to papers filed by one of its lenders.
High-rise developers in M...
Verzasca Group president & co-founder Darius Kasparaitis and Le Jardin Residences
Le Jardin had $27.5M in assets and $7.1M in liabilities, according to its filing
Verzasca G...
Alarm bells are ringing within the US EB-5 Investor Visa community in the United States and around the world. The current EB-5 investment Green card program started in 1990 ends on Septemb...
Right now, New York real estate developers are hoping a former (and likely future) New York City real estate developer, President Donald Trump, will back off from pushing a regulation that...
Mortgage-holder sells the former home of Robert V. Matthews to the couple who just sold a Palm Beach mansion for more than $40 million.
As developer Robert V. Matthews awaits sentencing...
The EB-5 industry leader, CanAm Enterprises, has funded another EB-5 project through its Texas Regional Center.
CanAm Enterprises (“CanAm”) is thrilled to announce that it h...
The owner of Hotel Astor, at 956 Washington Ave. in Miami Beach, filed Chapter 11 to stay an eviction lawsuit.
EB-5-funded hotel in Miami Beach seeks to terminate mortgage
The owner ...
Nick Mastroianni and Harbourside Place
Jupiter was previously seeking $300,000 in fines from the complex for holding events without permits
Nick Mastroianni’s Harbourside ...
Madison Realty Capital CEO Josh Zegen, Penn-Florida Companies CEO Mark Gensheimer, and the Mandarin Oriental in Boca Raton
The loan is in addition to nearly $400M in financing the developer ...
125 GREENWICH STREET.
The ownership partnership at 125 Greenwich Street is in the midst of negotiating a few potential resolutions for the beleaguered residential condominium...
Nick Mastroianni and the tower at 125 Greenwich Street
United States Immigration Fund, led by Nick Mastroianni, signalled its intent to foreclose on the downtown luxury resid...
The home owned by Ariel Qurios at 986 Lake Road in Newport is under contract for $290,000.
The Vermont real estate holdings of the indicted former owner of Jay Peak continue ...
The House will vote as early as Tuesday on a bill that would give wealthy Chinese lenders a fast-track to American green cards and citizenship.
Democratic Rep. Zoe Lofgren’s bill&...
The U.S. government is about to publish a new regulation increasing EB-5 investment requirements that investor immigrants will need to meet in coming to America.
No Secret
It is no ...
The United States Citizenship and Immigration Services (USCIS) first published the proposed new rules for the Immigrant Investor Program Modernization in January 2017. After a pe...
This month on Brave Little State, we head to the Northeast Kingdom to answer a listener question about a stalled redevelopment project.
The “pit,” as Jill calls it, is a block of...
President Trump has the economy firing on all cylinders, except for one.
Less regulation? Check. Lower taxes? Check. Historically low unemployment? Check. But good trade relations? Not even ...
There are many similarities between the EB-5 Immigrant Investor Visa Program and the Qualified Opportunity Zone Program.
With both, the federal government provides an added inducement for in...
125 Greenwich St. as of October 2018
The companies behind a luxury condominium in the Financial District missed loan repayments and are now facing foreclosure from their senior lender, ...
Chip Abele is the developer of Hollywood Circle and founding partner of Gold Coast Florida Regional Center.
More than half of the loan will be used as working capital by...
From left: Davide Bizzi, Howard Lorber and 125 Greenwich
The development team -- which includes Davide Bizzi and Howard Lorber -- was unable to make loan payments amid slow sales at the...
Superior Court of California in downtown San Jose, Calif., on Monday, July 1, 2019.
Dozens of Chinese citizens who handed over more than a half-million dollars each to a Santa Clara Co...
Hudson Yards exists as a reminder of the stark socioeconomic disparities that exist in the city and of how gentrification continues to exacerbate and perpetuate the lack of affordable hous...
A competitor gets air out of the superpipe during a contest at Mount Snow.
Mount Snow's parent company Peak Resorts is reporting a record year for revenue since becoming publicly traded ...
The Hotel Jay at Jay Peak Resort.
More than two dozen entities have expressed interest in reviewing the financials of Jay Peak as the man in charge of running it seeks to sell it to re...
The Southeastern Pennsylvania Transportation Authority (SEPTA) recently asked federal lawmakers to protect the eligibility of public infrastructure projects under the government’s em...
The Pennsylvania Turnpike/Interstate 95 Interchange Project completed last year to connect the more than 1,900-mile I-95 from Maine to Miami is proving to be a success on several fron...
The anti-graft agency, EFCC, on Thursday re-arraigned an American, Marco Ramirez, for allegedly defrauding three Nigerians of $565,000.
The Economic and Financial Crimes Commission ...
It comes with great pleasure to announce the CMB’s Group XVIII (18) loan has been repaid in full, prior to the maturity date. Group 18 loaned a total of $65,000,000 in EB-5 inve...
Alex Choi at a ribbon cutting for ANC Bio in 2015.
It appears the “hidden partner” in the Northeast Kingdom EB-5 scandal has been found, or at least he’s in contact with th...
Rendering of Hollywood Circle and developer Chip Abele
Financing will be used to pay back $60M construction loan
Hollywood Circle, a mixed-use project funded in part with Chinese EB-5 mon...
This New York City apartment owned by Ariel Quiros is to be sold for $2.2 million.
The dismantling of the real estate portfolio of Ariel Quiros, Jay Peak’s former owner accus...
AD1 Global is building a Fairfield Inn & Suites by Marriott in Tamarac.
The developer of a Fairfield Inn & Suites by Marriott in Tamarac obtained a $10.5 million constructi...
A rendering of the project and Joseph Chetrit
The $55M loan is the second pre-development financing for the Miami River site
The Chetrit Group closed on $55 million in financing for its l...
125 Greenwich Street and Nick Mastroianni
It is the latest setback for the troubled Downtown luxury residential tower
Few buildings in New York City have had a more complic...
RENDERING OF ONE BUILDING AS PART OF THE WHARF PHASE 2.
A consortium of banks led by Wells Fargo has provided $800 million to a joint venture by the name of Ho...
A federal grand jury recently filed criminal charges against several developers for fraud involving a Vermont biotech company.
The developers include Ariel Quiros and&nbs...
Development of a 233-key Le Meridien Hotel in Arcadia, Calif. The developer of the project is SAICP LLC.
Davis Hotel Capital, Inc., a premier hotel investment banking and mortgage brokerage ...
Community leaders and investors celebrate boost to local economy with area's first new hotel development in 20 years
Local government, business and community leaders gathered Monday, Jun...
One of the quickest ways to US residency and citizenship for GCC residents, the EB-5 investor visa programme may be on the cusp of a major overhaul
While the EB-5 may be more popular than ev...
American Lending Center (ALC), a leading EB-5 regional center, welcomes the completion of construction at Eritage Resort. The milestone was marked by a ribbon cutting ceremony at the resort on ...
The EB-5 visa might be a better choice for international entrepreneurs that are looking to start a business in the United States. The EB-5 visa is an immigrant visa, where the E-2 in a non-immi...
CanAm Enterprises' 38th EB-5 project has fully repaid; all of its 24 EB-5 investors have already secured unconditional permanent residency.
NEW YORK, June 5, 2019 /PRNewswire-P...
Michael Goldberg, the court-appointed receiver in the EB-5 fraud case, speaks at a Statehouse news conference in 2017.
The Jay Peak receivership’s price tag for overseeing the re...
After federal indictments were handed down last week, defendants in the Jay Peak fraud were hauled into court in handcuffs, marking a key milestone in what authorities say was a long-running so...
The US EB-5 visa programme currently requires would-be immigrants to invest a minimum of $500,000, a figure that is expected to go up
The EB-5 visa programme is designed to encourage foreign...
A lawsuit stemming from the EB-5 program has ended with a settlement.
The company that provided more than $30 million to build the Deadwood Mountain Grand Casino and Hotel went to ...
The Deadwood Mountain Grand opened in the summer of 2011 after receiving millions of dollars through the EB-5 program.
High-stakes litigation involving the Deadwood Mountain ...
Developers and former managers of Asian-themed Lucky Dragon casino-hotel that was built, open for a year, closed and recently sold in Las Vegas are now facing investor lawsuits.
...
Bill Kelly arrives outside federal court in Burlington for his arraignment on charges in the EB-5 fraud case on Wednesday.
When Ariel Quiros and Bill Stenger arrived late...
Vermont Department of Financial Regulation Commissioner Michael Pieciak, pictured here in 2016, said criminal charges filed this week are a move toward closure in the EB-5 scandal in the Northe...
Hyatt House Metropark Shenandoah/The Woodlands is slated to open November 2020. Sam Moon Group is the developer of Metropark Square and the hotel. Arlington, Texas-based Type-Six Architect...
South Africans are surging towards the popular United States EB-5 Immigrant Investment Visa programme ahead of possible price increases that will likely place the EB-5 visa programme out of rea...
Ariel Quiros leaves federal court in Burlington on Wednesday after being arraigned on charges pertaining to the EB-5 fraud case.
The indictment of former Jay Peak owner Ariel Quir...
Bill Stenger, left, and Ariel Quiros at a ribbon cutting.
Apress conference is set for Wednesday in Newport, where federal criminal charges are expected to be announced again...
WCAX News has confirmed federal charges will happen Wednesday in Vermont's largest fraud scandal ever.
It involves Jay Peak Resort and the never-built ANC Bio facility, along with s...
Palm House Hotel at 160 Royal Palm Way in Palm Beach.
Straub's KK-PB Financial LLC appealed the sale in federal court even as London + Regional Properties was closing on the purchas...
In Nevada, the men behind the former Lucky Dragon Hotel and Casino have reportedly been named as defendants in a trio of civil lawsuits recently filed by past investors angered at bei...
White House senior advisor Jared Kushner’s immigration plan is a direct threat to thousands of U.S. workers with white-collar jobs.
Kushner’s vision, which he’s worked on f...
The number of EB-5 visas issued annually to Latin Americans looks likely to surpass 2,000 within the next three years -- double the total in 2018, according to Julian Montero, a lawyer at ...
The Palm House Hotel
The Palm Beach condo-hotel was previously engulfed in one of the biggest EB-5 frauds in South Florida
The saga of one of the most troubled EB-5 projects in South Flor...
The Lucky Dragon located at 300 W. Sahara Avenue in Las Vegas on Tuesday, Sept. 18, 2018. Richa.
Things were looking bleak for the Lucky Dragon last summer.
Its casino and...
David B. Gordon and Jay Peak Resort
The complaint alleges the law firm learned in 2013 that one of Jay Peak's developers, based in Miami, was misusing funds
Beginning in 2006, more th...
Dollar bills surround a yuan note. Some 32,000 Chinese nationals are in line for an EB-5 visa, with another estimated 17,000 waiting for their applications to be approved. The EB-5 visa program...
Did you know that there is an easy way to obtain a US Green Card within 2 years simply by investing in the US economy?
Did you know that by simply financing a secure and profitable real es...
Amid growing concerns about its financial viability, the likelihood of further state scrutiny of its operations and the possibility of additional liabilities, the board of directors of American...
Rendering of Hilton hotel under construction at 315 NW First Ave. in downtown Fort Lauderdale.
Driftwood Acquisitions & Development has opened qualified opportunity zone funds...
Congratulations! You have subscribed EB-5 investors, closed your offering, and provided the EB-5 funds to the project. Now what? As a general matter, EB-5 investors are either non-managing memb...
The Allen, a mixed-use luxury development
The Allen, Houston, offers unique opportunity to invest and naturalise in the U.S.
3INVEST has announced a unique real estate investment opportun...
If you are a business owner looking forward to funding, you know how challenging it can become. The EB-5 Immigrant Investor Program is an alternative offering funding for investors. Back i...
Burke Resort.
The man overseeing Burke Mountain ski area as it emerges from an investor fraud scandal says a buyer for a piece of land owned by the resort has backed out over concerns ...
Julio Gimenez wants to build a $298 million steel mill project
Development group plans to raise $50M from EB-5 investors
Miami-Dade County commissioners will vote Tuesday on the no-bid, $...
At least seven new D.C. developments are currently moving forward with funding through the EB-5 program, even as visa backlogs and political uncertainty have decreased the o...
Investors seeking a visa through the EB-5 program will face new restrictions
anadians who enter the U.S. as visitors are typically allowed to stay for up to 180 days (six months) per year. T...
EB-5 has become code for one of South Dakota's most complex political scandals. EB-5 is the program by which foreign investors buy a chance at getting a visa by investing a half million dol...
Mayor Bill de Blasio and a rendering of the New York Wheel
Six months after the New York Wheel was nixed, the city still has no plan for the vacant site.
The NY Wheel has ...
Third-party specialty financial administrator will minimize FrontFour’s operational risk and maximize efficienc
NES Financial announced today that it has been selected by FrontFou...
George Washington Immigrant Group announced it aims to provide $36 million in EB-5 financing for VOS Hospitality and SDS.
The funds will be used to finance a portion of the costs ...
Atlantic American Partners (AAP) has launched its United States EB-5 Immigrant Investor Program in Nigeria to help potential investors secure a hassle-free immigration process to live...
Monday’s Edition of Early Arrival: Turning 18 While Undocumented — Texas Settles in Voter Fraud Lawsuits — Ending Family Separation was a ‘Disaster,' Trump Says
S...
Gov. Peter Shumlin, Jay Peak CEO Bill Stenger, Ariel Quiros, the owner of Jay Peak, and his son Ary Quiros at a ribbon cutting.
No criminal charges have been brought in the Jay Pea...
Casinos come and go in ever-changing Las Vegas, but the Lucky Dragon Casino failed after only 2 years, and was recently sold for $36 million. The new owner, Ahern Rentals, plans to tu...
Robert V. Matthews.
Politically connected developer Robert V. Matthews faces years in prison after pleading guilty Thursday to conspiracy, money laundering and tax offenses for stealing mill...
The Lamoille Economic Development Corp. is sponsoring a business assistance forum on Tuesday, April 30, from 9 to noon at the Green Mountain Technology and Career Center in Hyde Park.
Repres...
Bob and Mia Matthews
Robert Matthews once claimed that Donald Trump and President Bill Clinton would be on the project’s advisory board
Robert Matthews, the developer of the Pa...
The Lucky Dragon Casino was one of Las Vegas’ shortest-lived projects. It was sold for a fraction of the price it cost to build on Monday and for less than the debt owed to its ...
Leading Specialty Financial Administrator’s Purpose-Built Solutions Provide Security, Transparency & Compliance Throughout the Immigrant Investor Process
NES Financial announc...
Prosecutors are reportedly looking into a $285 million loan made by Deutsche Bank to White House Senior Adviser Jared Kushner’s family real estate business a month before Election Day &md...
U.S. Immigration Fund (USIF) is pleased to announce that United States Citizenship Immigration Services ("USCIS") has issued an I-924 application approval for its 29th&...
Continuing successful efforts to expand in key Asian markets, American Lending Center (ALC), a leading EB-5 regional center, hosted a booth at the 2019 International Fair for Immigration, ...
A spectacular success.
It is true that the EB-5 visa program — by which foreign investors essentially buy green cards for themselves and their families by pouring $500,000 or $1 ...
Attorney Russell Barr argues before the Vermont Supreme Court on two EB-5 related cases.
Jay Peak investors should be allowed to sue the state and officials responsible for running the&...
Public Advocate Jumanee Williams said Tuesday that Hudson Yards was "built on the backs" of needy New Yorkers.
New York City Public Advocate Jumaane Williams said that recent repor...
Investors who say they were duped into sinking $10 million into an office project now are fighting Centennial Bank to get some money back. The bank claims it should collect first on an $8.5 mil...
A team of experts in United States (U.S) visa for investors will be in Nigeria to meet investors wishing to migrate to the U.S through green card.
The experts will address intending migrants...
The much-maligned Hudson Yards real estate project was financed through the EB-5 visa program, which offers foreigners green cards if they invest $500,000 in economic projects in...
The Vessel seen looming in the foreground of the Shed and it’s attached luxury skyscraper
A Citylab report claims that Hudson Yards stole funds intended for low-income ...
Hudson Yards is the $25 billion mega-project critics love to hate.
Manhattan’s new luxury mega-project was partially bankrolled by an investor visa program called EB-5, whic...
Hudson Yards.
There are lots of reasons not to like Hudson Yards, the vast new city-within-a-city on the west side of Manhattan. Among them: $1.2 billion of the funding for t...
Treetop Development picked up Michael Stern's Saltmeadow project in Queens
Michael Stern is cashing out on a sprawling complex of luxury properties in Far Rockaway, and he found a buyer ...
The U.S. Office of Management and Budget is on the verge of revising regulations governing the EB-5 visa program. The proposal would raise the minimum required investment and shift respons...
The oceanfront mansion of developer Robert V. Matthews, who was indicted by a federal grand jury in 2018, will be taken by a mortgage lender after a bankruptcy auction came up empty.
Th...
Ariel Quiros at a groundbreaking for AnC Bio Vermont in May 2015.
Afederal judge has signed off an a settlement that will provide a $837,500 insurance payout to Ariel Quiros, ...
Gov. Peter Shumlin answer questions at a news conference in Jay, Vt., on April 27, 2016, as attorney Michael Goldberg listens. Goldberg has been appointed by a federal court in Miami to re...
President Donald Trump’s advisers have an opportunity to protect him from a time bomb set to go off soon, and they can benefit the U.S. economy at the same time. All they must do is put a...
The EB-5 Immigrant Investor Regional Center Program expired at the end of the day on Dec. 21, 2018, due to a lapse in congressional authorization to continue the program. All regional center ap...
Ariel Quiros, left, whispers to Gov. Peter Shumlin at a press conference at Jay Peak Resort.
Former Gov. Peter Shumlin, who is among a handful of a state officials resisting being ...
President Trump’s advisers have an opportunity to protect him from a time bomb set to go off soon, and they can benefit the U.S. economy at the same time. All they must do is put a stop t...
Construction is underway on the Mission Hills Square development in Fremont. The housing and retail project was one piece of a fraudulent scheme by two South Bay residents to profit off of an i...
‘It’s a colossal surge, and it’s overwhelming our immigration system. We can’t take you anymore’
US President Donald Trump visits a refurbished section of ...
The rancor in Washington over how to deal with illegal immigration is understandable given conflicting attitudes about labor markets, rule of law, crime, and other issues. What’s harder t...
A $7.71 million foreclosure lawsuit aims to seize an office condo building in Royal Palm Beach. A group of EB-5 investors, however, are fighting to trump the bank’s interest in the p...
Last fall, we covered perhaps the most important EB-5 development of the year, DOS’ Chief of the Visa Control and Reporting Division Charles “Charlie” Oppenheim’s projec...
Manhattan, NY In the Financial district, 125 Greenwich, a new skyline addition is swiftly rising, according to U.S. Immigration Fund. Another milestone has been reached, as 125 G...
The New York City Regional Center (“NYCRC”) is pleased to announce that a total of $318 million in loan proceeds has now been repaid to EB-5 investors in previous NYCRC offerings.&n...
A federal judge has thrown out a proposed class-action lawsuit brought by a group of EB-5 investors who claimed that People’s United Bank “aided and abetted” former Jay Peak o...
Vermonters can now view hundreds of thousands of documents related to the EB-5 and Jay Peak fraud.
The 443,070 pages of documents released by the Vermont Department of Financial Regulation a...
On a Friday morning, many people who traveled far and wide wait inside the Tampa Immigration office, are hoping for a better life.
“I’m from the Netherlands,” said Marjoke....
Ye pleaded not guilty. Chen remains at large.
The former couple is facing allegations of falsifying documents to immigration authorities as a front to obtain benefits.
A federal grand jur...
If he had it all to do over again, he probably wouldn’t.
“I’d be in Miami Beach, hanging out. The amount of money I’ve spent here, I could’ve lived a very good ...
I don’t know the numbers, but there are a lot of foreigners working, investing, and buying businesses in the United States. Immigrating to the U.S. can be confusing. I decided to research...
It is clear that the Obama administration was intent on disrupting the first 100 days of the incoming Trump presidency.
The Obama administration did its best to sabotage the presidency of Do...
The CityPlace construction site in Burlington in February.
Burlington officials were preparing for the worst.
After months of delays this fall, the CityPlace Burlington site continu...
Vermont U.S. District Court Suit Brought Against Canadian Firm By Receiver
A lawsuit filed in U.S. District Court in Vermont is seeking to have the former owners of Jay Peak — the Cana...
Developer Taher Kameli
Regulators said Taher Kameli defrauded foreign investors who put up $89M for assisted-living projects in Chicago and Florida
Chicago developer Taher Kame...
Foreign investors have funded numerous high-profile real estate projects across the Cleveland area, including the Uptown Expansion, the creation of the Westin Hotel downtown and development at ...
EB-5 capital has become a vital source of financing for real estate development projects across South Florida in recent years.
EB-5 capital has become a vital source of financing for real es...
Executives involved in the development of a luxury hotel underway in uptown Charlotte gathered on a chilly Tuesday morning to celebrate the halfway point of construction.
The $110 million, 2...
The former owner of Vermont’s Jay Peak resort is fighting claims from a court-appointed receiver that it should pay millions in damages as part of a settlement.
The Caledonia...
PNC Bank office
A lawsuit claims the bank created an account that looked like an escrow account but in reality was a checking account allowing key players in the alleged scheme to withdraw f...
New citizens wave American flags after taking the Oath of Allegiance during a naturalization ceremony in Newark, New Jersey.
Vietnam is only behind China and India in using the investo...
EB5 Capital is contributing a $44.5 million preferred equity investment in Douglas’ office-to-multifamily housing conversion.
Douglas Development and its partner in a new project ...
Recent Proposed Regulations
Recently, USCIS has sent new regulations related to the EB-5 Program to the Office of Management Budget ("OMB"). Thereafter, the proposed regulatio...
In a settlement with VTDigger last week, the state of Vermont agreed to release a batch of records as part of a four-year dispute over EB-5 documents held by the Vermont Attorney General’...
Mar-a-Lago's a weird place. Turn over a rock on that golf course, you never know what's going to crawl out. And inside the dining room, it's worse! We've already met swamp creat...
CanAm Capital Partners is helping its former EB-5 visa investors find new investment opportunities.
CanAm Capital Partners, an affiliate of CanAm Enterprises, has closed its third priva...
Anger and outrage seem to have replaced reason in political dialog. Angry people don’t think well. Politicians know that. Politicians exploit anger. There is a clear and present danger th...
Chicago officials want to landmark the two low-rise buildings on this River North site where Symmetry Property Developmenthad planned a condo-hotel tower (inset).
A New York real e...
The State of Vermont has agreed to release 1.5 million pages of documents that could provide more information on years of EB-5 fraud at Jay Peak.
The records will be made public as the ...
New Regional Rail Schedules in Effect Sunday, March 10, 2019
The March schedule changes include adjustments to Weekday train departure times for ALL Regional Rail Lines except Airport, Cynwy...
Capital Area Transit, and transportation groups around the state, are facing a $330 million shortfall so far as funding is held up over a lawsuit against the Pennsylvania Turnpike. CAT off...
Disgraced developer Lobsang Dargey is serving a four-year sentence at a federal detention center in Oregon as the 150 Chinese nationals who invested in his Potala Tower proj...
The Pennsylvania Council on the Arts (PCA) Executive Director Karl Blischke and Pennsylvania Turnpike Commission (PTC) CEO Mark Compton unveiled artwork today at the New Stanton Turnpike Servic...
Miller Mayer Llp. Senior Attorney Nicolai Hinrichsen
AN ideal window to acquire the EB-5 visa is being offered by New York-based Lightstone Investments to interested parties in the...
Alhambra High School is located half a block from new mixed-use high-rise developments on Main Street. The rapid development has attracted visitors and boosted city coffers. The changes have al...
“In NES Financial, we found a fund administrator who values community impact as much as we do,” says Veterans Investing’s CEO.
NES Financial today announced that ...
Hanoi, Vietnam with money and a photo from the movie Good Morning, Vietnam
About 20% of EB-5 investment in American real estate is from Vietnam
Vietnam is boosting its presence in the&nbs...
Completed projects have successfully utilized NYCRC EB-5 financing to assist in the construction of over 3.8 million square feet of new development and renovation resulting in thousands of new ...
In June 2018, Congress held a hearing on “Citizenship for Sale: Oversight of the EB-5 Investor Visa Program.” The current EB-5 program allows wealthy individuals to a...
The EB-5 visa is designed to help encourage foreign direct investment in projects across the United States
The number of people participating in the scheme has risen over the last few years,...
Change in EB5 Visa Regional Center Sponsorship After I-526 Filing is Now a Material Change
In a recent update to the Policy Manual, the USCIS has included change in Regional Center...
Proposed development: 511-513 52nd Street, West New York. Rendering via NR Living.
While most of the larger development projects in West New York in recent years have been constructed along ...
From left: Zoe Ma, a rendering of 701 Seventh Avenue and Nick Mastroianni
The US Immigration Fund CEO is already suing the plaintiff for defamation in New York...
Turnpike representatives will be available to provide overview of final construction section.
The Pennsylvania Turnpike Commission (PTC) will hold a community meeting for the final...
550 Seabreeze Blvd., Fort Lauderdale.
The unfinished 139-unit hotel steps from the ocean was sold in a bankruptcy auction to a hotel owner-operator.
Foreign investors who claim they...
In January 2017, the Department of Homeland Security (DHS) proposed to amend its regulations governing the employment-based, fifth preference (EB-5) immigrant investor classification. In ...
Single-lane restrictions needed for bridge abutment removal.
The Pennsylvania Turnpike Commission advises motorists that single-lane restrictions will be in effect between the Pittsburg...
American Lending Center (ALC), one of the nation’s leading EB-5 regional centers, celebrates the opening of another successful investment property, Four Points By Sheraton in Sc...
On Friday, January 25, 2019, the U.S. Congress passed and President Trump signed a continuing resolution to fund the U.S. government for three weeks to February 15, 2019, while negotiations con...
Burke Mountain Hotel and Conference Center in East Burke.
While Jay Peak ski resort hit the market earlier this year, smaller pieces of Ariel Quiros’ former empire in Vermont...
On 2/22/19, USCIS forwarded the EB-5 Immigrant Investor Program Modernization final rule (RIN 1615-AC07) to the Office of Management and Budget (OMB) –
AGENCY: D...
Retrogression — as people imprecisely call the visa wait times resulting from oversubscription — is my least favorite EB-5 topic. The problem threatens my market, and I’d love...
Joseph Aquino, from JAACRES, has been retained to sell or lease a mixed use property located at 52 Jobs Lanes, Southampton. The two-story property features 1,850 s/f of ground floor retail spac...
Nicholas Mastroianni, Daniel Brodsky, and Greenland USA CEO Hu Gang and a rendering of Pacific Park in Brooklyn
More than $60M will have to be redeployed at a time when EB-5 invest...
Zone 3 & 4 customers who don't yet have a Key Card now have the opportunity to join the future of fare payment when the sales of SEPTA Key Cards resumes at the Temple, Jefferson, S...
Vegan fast food restaurant By Chloe is launching a range of cannabis-infused puddings in London.
The restaurant’s multi-coloured menu of sweet dishes, Feelz, w...
On February 15, President Trump signed the Consolidated Appropriations Act, 2019 thereby averting another government shutdown. The spending bill funds the federal government and extends th...
For the past decade, some of America's biggest real estate projects have been built with hundreds of millions of dollars borrowed from foreign investors. The EB-5 visa program encourag...
On Friday, February 15, 2019, U.S. Congress and President Trump agreed on and signed Consolidated Appropriations Act, 2019, a spending bill that funds the U.S. government and extends the E...
Congress approved the Omnibus Appropriations legislation on Feb. 14, 2019. On Feb. 15, the president signed the legislation into law and announced additional executive actions to further addr...
EB5 Capital announced today it has fully repaid eligible investors in its 7th and 8th projects, successfully completing their EB-5 investment process. The full investment amount has been return...
The New York City Regional Center (“NYCRC”) is pleased to announce that a total of $224 million in capital has now been repaid to EB-5 investors in previous NYCRC offering...
Closure needed for electronic toll equipment maintenance.
The Pennsylvania Turnpike Commission advises motorists traveling southbound on Interstate 476 to be prepared for slow-movi...
Proposed mixed-use development: 4901 Bergenline Avenue, West New York. Rendering via NRIA.
A new $49 million development could be built along a major Hudson County thoroughfare just steps fr...
From: U.S. Citizenship and Immigration Services <uscis@public.govdelivery.com>
Sent: February 12, 2019 3:55 PM
Subject: Class Action Member Identification Notice
...
Jeff DeCicco, CEO of CanAm Investor Services, provides CanAm’s Insights on EB-5 capital redeployment strategies.
"Our approach to redeployment is very conservative &ndas...
The Pennsylvania Department of Transportation (PennDOT) and PA Turnpike are advising motorists to closely monitor weather forecasts and conditions as a storm brings mixed precipitatio...
There seems to be optimism that Congress and President Trump will agree before February 15 on a deal to fund the government for 2019. I assume and trust that the deal, when unveiled, ...
Jeffrey Laytin and a rendering of the failed project
Symmetry Property Development‘s plan was rejected, and now 60 investors from China want their money back
A group of Chinese inve...
Rendering by Skidmore, Owings & Merrill LLP of The Carillon, inserted into an image by Rob Sall.
Nearly two years after a proposed Gold Coast hotel/condominium was not given city ap...
Birch Capital is pleased to announce that on February 1, 2019 it closed and funded $40,000,000 to Tradepoint Holdings, LLC. Tradepoint Holdings is the parent company of Tradepoin...
Sagamore Pendry Hotel in Baltimore includes a grand staircase popular with brides for wedding photos.
The developer had previously built model rooms other Wharf projects.
The Wharf i...
The U.S. Citizenship and Immigration Services has resumed processing of EB-5 Regional Center applications/petitions. The EB-5 Regional Center Program has been authorized and exte...
The installation of 1 South First’s (formerly known as 260 Kent Avenue) innovative exterior is officially underway, its molecular pattern now visible. Designed by COOKFOX A...
When a small-batch organic chocolatier meets a leader in the plant-based movement, sweet magic happens. On February 1, just in time for Valentine’s Day, the plant-based brand by CHLOE. in...
In November 2018, a judge in the U.S. District Court for the District of Columbia ruled in the case Zhang v. USCIS that USCIS’s “loan proceeds” policy was unlawful. ...
There’s surging demand from South Africans for the United States’ EB-5 immigrant investor programme. This is according to Stuart Ferguson who is the CEO of American D...
We’ve learned a few things from recent events: some government services are worth funding, there are many “borders” that need significant improvement and the president and Con...
ST. LUKE'S HOSPITAL (1860-1920).
Michael Shah’s Delshah Capital has closed on a $34 million piece of financing for the conversion of a former hospital in Morningside Heights, ...
How will the recent devaluation of the Turkish Lira effect the affordability of the EB-5 investment for investors from Turkey as well as other Emerging Markets?”
This topic is very ti...
The president has agreed to temporarily re-open the Federal Government until February 15th. The president signed a three-week extension that will end the government shutdown. With EB-5 authoriz...
The regional center program authorization granted in 2018 is now active again, with another continuing resolution that extends previous funding and authorities for a few more weeks &m...
As a continuation of an earlier posting, the U.S. Senate initiated a process by voice vote opening the US Government through February 15, H.J. Res 28, and providing for House and Senate consid...
City of Richmond allows foreigners to buy citizenship
During Tuesday’s city commission meeting, Richmond Mayor Evalyn Moore was confronted about signing a federal document last fall wi...
The Commission will pursue other options for communications network.
The Pennsylvania Turnpike Commission (PTC) announced today that it has ended its pursuit of a Public-Private Partner...
Dear President Trump,
The Senate plans a vote as early as Tuesday on a package that would fund the shuttered parts of the federal government to Oct. 1 and provide $12 billion in disaster aid...
Most Speed Restrictions Remain in Place
With the weekend storm exiting Pennsylvania, some of the state’s remaining bans on commercial vehicle traffic on certain interstates and some ex...
With an intense winter storm expected to bring heavy snow, high winds, sleet and freezing rain across the state through this weekend, Governor Tom Wolf today signed a state of emergency declara...
1900 Broadway will include 452 residential units, 50,000 square feet of commercial space and about 6,700 square feet of retail.
Lincoln Property Co. and Behring Cos. have partnered to build ...
With an intense winter storm expected to bring heavy snow, high winds, sleet and freezing rain across the state through this weekend, Governor Tom Wolf today signed a state of emergency declara...
As we alerted previously, the U.S. federal goverment shut down at the end of the day on Dec. 21, 2018. Because the EB-5 regional program was not extended, government agencies such as USCIS...
Bill Stenger, left, and Ariel Quiros at a ribbon cutting.
A proposed insurance settlement could result in a $837,500 payout to Ariel Quiros, the former owner of Jay Peak Resort and...
A Northern VA immigration attorney at Johnson & Masumi Law Firm released a blog explaining the EB-5 visa and commercial enterprise investment option for foreign investors.
A Norther...
CanAm Enterprises (CanAm), a leader in job-creating EB-5 Visa financing, has repaid its 37th project “ further pushing the amount of fully-repaid investment capital over the $1 billion ma...
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...
Key to the continued mobility for of the Commonwealth, the Pennsylvania Turnpike Commission (PTC), through coordination with the Office of Public-Private Partnerships(P3), today issued a R...
The PA Turnpike Commission (PTC) announced today that it has activated cashless Ticket Processing Machines (TPMs) at its Fort Littleton and Blue Mountain Interchanges (Exit 180 and 20...
Jay Peak on a clear day.
Michael Goldberg, the federal receiver managing Jay Peak following 2016’s EB-5 scandal, has announced that an investment bank will assist with the resort&...
A luxury residential and retail project in a booming suburb of Houston is the latest example of trouble in a controversial immigration process known as EB-5.
Scores of foreign investors in p...
The federal government entered a partial shutdown on December 22, 2018. With no end in sight as the shutdown enters its third week, many are wondering how the shutdown will affect immigration m...
The restaurant will also host a number of events to celebrate Veganuary
Vegan restaurant By Chloe has announced an open invitation to all Londoners to join their month of activitie...
The US Department of State has published Report of the Visa Office 2018 Table V Part 3, which gives a tally of visas (conditional green cards) issued by country for the Employment Fifth prefere...
The Deadwood Mountain Grand opened in the summer of 2011 after receiving millions of dollars through the EB-5 program.
Chinese investors suing for repayment of $32.5 million ...
South Dakota Attorney General-elect Jason Ravnsborg pledged during the 2018 campaign to end presumptive probation as the general sentence for many lower-level felony crimes.
Now, as he prepa...
Michael Pieciak, commissioner of the Department of Financial Regulation, and Michael Shirling, secretary of the Agency of Commerce and Community Development.
VTDigger is taking the stat...
Three decades ago, Congress established the EB-5 Visa Program (EB-5) in order to stimulate the economy and create jobs through foreign investment in the United States. EB-5 has been another rou...
The PA Turnpike Commission (PTC) today reminded customers that, beginning 12:01 a.m. on Jan. 6, tolls will reflect a six-percent increase for cash, E-ZPass and PA Turnpike TOLL BY PLA...
A reader asked me this question a couple weeks ago: Is EB-5 still a choice? Can it be a good option today for project companies or prospective immigrants? The answer: yes, though it&rsquo...
USD vs RMB. Chinese investors sought EB5 visas but have been stymied by the backlog in processing such cases.
The U.S. Citizenship and Immigration Services (USCIS) allots 10,000 EB...
An estimated one million people crowd into sectioned-off quarters of Times Square every year to see the famous countdown and ball drop on New Year's Eve.
But that's not the...
Will USCIS continue to take I-526 applications past the December 22, 2018 deadline?
Where do we go from here? Our clients are asking us whether even after the Government Shutdown they can still ...
As an update to our blog on Dec. 24, USCIS has since clarified that while the EB-5 Regional Center Program expired at the end of the day on Dec. 21, 2018, due to a lapse in congressional ...
New York City is one of the most popular tourist destinations during the holiday season. One of the reasons is because of the Bryant Park winter village.
Source: https://www.king5...
The limited partnerships formed by Seattle developer American Life Inc. for Home Plate Center are asking a judge to determine the value of the Sodo office complex after a dispute with...
Newport isn’t looking in the rear-view mirror, at least not any more. Two years ago the city was blindsided when two projects key to the city’s economic development efforts collapse...
Harnessing the power of social media, this burgeoning concept brings a pop vibe to vegan food.
When by Chloe launched three years ago vegan was a scary word. That's no longer the case.
...
2018 Best of Design Award for Digital Fabrication: 260 Kent
Designer: COOKFOX Architects
Location: Brooklyn, New York
Slated to be the tallest tower in Williamsburg, Brook...
CanAm Enterprises (“CanAm”), a leader in job-creating EB-5 Visa financing, has repaid its 2,000th investor-family – pushing the amount of fully-repaid investment capital over ...
In today’s EB-5 landscape, individuals are usually seeking EB-5 projects that are likely to return their capital to them when their EB-5 process is over. Many investors will choose a “l...
The Department of State (DOS) January 2018 Visa Bulletin has resulted in mixed bag of retrogression for some and advancement for others. The EB-1 category moved forward approximately 3 months a...
I posted an interview four months ago with American immigration consultant Steve D. Albert about what he termed “rampant fraud” in the EB-5 visa program that provides overseas inves...
As depicted by this recent image the Korean visa market is taking advantage of the dynamics as Chinese retrogression brings the program to a snails pace in China. The marketing information be...
With attention focused on the highly-public battle over border wall funding, most missed the outrage that both houses of Congress passed a short-term spending bill that would extend the li...
The Securities and Exchange Commission announced a settlement Wednesday with a group of Houston-area developers accused of misusing $20.5 million in funds raised from Chinese investors thr...
The Securities and Exchange Commission today announced that three Houston-area developers have agreed to settle charges that they misused investor funds raised from 90 Chinese investors un...
Jared Kushner, senior White House adviser, sits in a county sheriff listening session with President Donald Trump (not pictured), in the Roosevelt Room of the White House, on February 7, 2017. ...
Michael Goldberg, the court-appointed receiver in the EB-5 fraud case, speaks at a Statehouse news conference Thursday.
Alawyer for People’s United Bank says the man overseeing t...
New York City, Seattle, Atlanta and Dallas are all seeing hotel activity. With openings across the U.S., brands are setting roots in major cities:
Park Terrace Hotel Opens in NYC’s Bry...
Thrills By Chloe is the latest expansion for the popular vegan brand
Fashionable vegan brand By Chloe has opened yet another style of cafe, this time inside a new Noho department and with an...
The New York Wheel and an auctioneer
Parts of failed project up for sale include its legs, drive towers and cable spokes
Discarded parts from the failed New York Wheel&nbs...
The Nov. 16 editorial about the EB-5 visa program, “Visas for Sale,” is unfortunate for its misunderstanding of how this program works and who benefits from it and for its narrow vi...
The green card initiative, which would have expired Friday, is tied up in the federal spending bill
The federal EB-5 visa program received another extension as part of the larger federal spe...
Completed projects have successfully utilized NYCRC EB-5 financing to assist in the construction of over 3.8 million square feet of new development and renovation resulting in thousands of new ...
The federal government has taken steps to extend the operations of the U.S. government until December 21, 2018. These measures would therefore extend the current EB-5 Regional Center program wi...
Failed projects like the New York Wheel on Staten Island, shown on April 25, highlight downsides for EB-5 investors.
A group of New York developers suffered an embarrassing setback...
To further cement the demise of the New York Wheel, an auction for the parts of the ill-fated 630-foot tourist attraction has been scheduled.
An auction of the parts will be held on Jan...
Chinese foreign investors have filed a suit against a Los Angeles-based partnership they subscribed to over allegations of fraud.
Yicong Gan, Ying Liu, Hui Luo, et al. filed a complaint on N...
The EB-5 investment program - created by Congress and administered by the USCIS - is defrauding Chinese investors by the thousands. The Chinese inve...
Developers and project managers sometimes misuse EB-5 investors funds, recent court cases show.
As the EB-5 Immigrant Investor program faces another extension deadline, litigation related to...
Magna Hospitality Group’s Robert Indeglia and the Las Olas Resort.
Magna Hospitality bought the property out of bankruptcy in August
The new owners of an embattled Fort L...
550 Seabreeze Hotel
In 2012, a trio of developers drew up plans to build a 12-story InterContinental hotel in Fort Lauderdale Beach. The Las Olas Ocean Resort would include a 12,00...
H.J.Res.143 – Making further continuing appropriations for fiscal year 2019, and for other purposes is a continuing resolution that replaces the previous 12/7 deadline for remaining gover...
Burke Mountain Hotel and Conference Center in East Burke.
Burke Mountain Ski Area may get a more than 10-fold boost in its snowmaking, but only if the man running the resort can find a way a...
Ariel Quiros, the former Jay Peak owner accused of masterminding a fraud involving hundreds of millions of dollars, just received a $200,000 tax refund from the state of Vermont, according to c...
There’s a US immigration program most don’t know about
When I travel the world I often ask people if they know about the US EB-5 visa, or employment-based fifth preference catego...
The Marriott EDITION is part of U.S. Immigration Fund's EB-5 project, 701 TSQ.
This February, the new 452-key Marriott Edition hotel located in Times Square will officiall...
The 1.4M SF first phase of The Wharf delivered over one year ago, and now the developers behind the Southwest D.C. development are looking to refinance the project ahead of its n...
The developer of the Statler Hotel redo is being sued by a New York man who says he was stiffed for more than a $1 million in commissions he says he's owed for finding foreign inv...
According to a report, a New York man has filed a case against three organizations behind the renovation of the Statler Hotel, claiming he wasn’t paid more than $1 million in commiss...
Jeffrey Schneider, founding partner with Levine Kellogg Lehman Schneider + Grossman in Miami, left, and Richard Haddad, member with Otterbourg in New York, right.
Prolific EB-5 bro...
CanAm Enterprises ("CanAm"), a leader in job-creating EB-5 Visa financing, has repaid its 2,000th investor-family – pushing the amount of fully-repaid investment capital over th...
Homeowner association fees average $700 per month for the smaller units, $1,200 a month for medium units and $1,900 per month for penthouses.
Source: https://www.bizjournals.com/houston...
What is it worth to be an American citizen? It turns out the price for being a citizen of this country is worth around one million dollars and some very creative reasoning. For those of you not...
Vermont has become the latest hunting ground in a competition between two giant Colorado companies that are buying up ski resorts and upending the industry's economics.
Vail Resorts, a p...
Harbourside Place LLC filed a motion to dismiss a lawsuit brought on by Chinese EB-5 investors, who allege the developer behind the Jupiter shopping center attempted to defraud them of mil...
Question 1: How long does I-526 take?
This question has a nice answer for new petitioners: much less time than before.
As inventory falls and flow rate increases, processing times fall. P...
Families from around the world have gained permanent residency in the United States through the EB-5 investor green card program. With the South African economy entering its first recession sin...
The Securities and Exchange Commission charged a former registered representative and investment advisor with operating a long-running offering fraud.
The SEC’s complaint alleges ...
Since opening its doors back in 2014, SLS Las Vegas has failed to perform well financially. In fact, saying that they have failed to perform well is perhaps lightening the blow a bit,...
Last week I attended the 2018 AILA & IIUSA EB-5 Industry Forum, which featured appearances by new IPO Chief Sarah Kendall and Department of State Visa Control Offic...
The Securities and Exchange Commission charged a businessman and a California-based attorney with defrauding investors seeking to participate in the EB-5 immigrant investor program, steali...
Howard DuBosar, left, is managing shareholder at The DuBosar Law Group and Jeff Ostrow is managing partner at Kopelowitz Ostrow.
The owners of South Florida bars and eateries...
The Federal Building in Burlington houses the U.S. District Courthouse and the U.S. Postal Service.
A federal judge has blocked an attorney for a group of EB-5 investors from questioning for...
On Friday, I was honored to join a group of today’s business leaders and innovators at WeWork, who are shaping tomorrow, for a discussion on immigration. In a room nineteen floors above t...
I just attended the combined AILA/IIUSA Conference in Chicago. The low attendance reflected the general mood of the industry that there is significant pull back in EB-5 investments in vari...
9200 Belvedere Road
Thirteen Chinese investors have sued South Atlantic Regional Center and Joseph Walsh Sr. over their $7.3 million stake in the project at 9200 Belveder...
The owner of 42 and 44-46 E. Superior Street has applied for demolition permits.
Long-targeted for redevelopment, the 19th century structures on Superior Street might stick around after all
...
Kenneth Murena, a partner at Damian & Valori in Miami
Thirteen Chinese investors want a court-appointed receiver for the office condo venture that purchased property but missed job-creat...
Kenneth Murena, a partner at Damian & Valori in Miami
Thirteen Chinese investors want a court-appointed receiver for the office condo venture that purchased property but missed job-creat...
Wait times for Chinese applicants are estimated to be as long as 15 years
Only 617 new EB-5 immigration petitions were filed with United States Citizenship and Immigration Services ...
The team behind Peli Peli, Houston’s favorite restaurant chain dedicated to South African cuisine, has The Woodlands in its sights.
Details on a lease provided by real estate brok...
No one has bid at a foreclosure auction for the Lucky Dragon casino-hotel off the Las Vegas Strip.
The opening bid for Tuesday's auction was $35 million.
Three individuals w...
Dunkin’ Donuts may have first opened in 1950, but you wouldn’t know it by the look of its new stores.
Arizona’s first “Next Generation” Dunkin’ Donut...
The row houses "add a distinct character, quality, craftsmanship, history and elegance to the community," preservationists say.
A New York-based developer is once again trying to d...
Ariel Quiros at the opening of Jay Peak Resort’s Stateside Hotel in December 2013.
Days before a trial was set to begin, Jay Peak owner Ariel Quiros and his insurance compan...
Emilie Cooper, partner at Haynes and Boone
With the backlog of Chinese investors waiting for green cards, Emilie Cooper, a partner at law firm Haynes and Boone, and formerly with Kasowi...
Real talk: let me start this blog by admitting, “Yeah, I know you’ve heard this before.”
The EB-5 industry has been saying it for years. It usually goes something like &ldq...
The 307-suite Costa Hollywood Beach Resort opened Oct. 19, about five years after construction started, with introductory rates starting at $179 per night.
The rooftop swimming poo...
The state Capitol building in Pierre.
For the second time in three years, South Dakotans will have the chance to vote on a ballot measure that would bring a level of accountability...
With colder than normal temperatures, ski areas are getting a jump start on the upcoming season. At Mount Snow, not only do they have Mother Nature to thank, but a huge investment from the...
When Nicholas Mastroianni II appeared on stage at a real estate forum in Shanghai in 2016, the other panelists — including ex-New York governor George Pataki – deferred to...
A giant observation wheel planned for Staten Island will no longer get a chance to spin, since its developers pulled the project after failing to garner support from the city.
The&...
Greater Florence Chamber of Commerce ambassadors check in at the front desk for a chance to win door prizes at theStaybridge Suites business after hours event.
Hundreds of business and ...
The Staten Island Wheel with Staten Island homes
Borough’s residential market will likely be fine, but its commercial market could take a hit, brokers say
The New York Wheel, ...
Michael Goldberg, the court-appointed receiver in the EB-5 fraud case, speaks at a 2017 Statehouse news conference with Gov. Phil Scott looking on.
The Jay Peak receivership’s pr...
Hotel Astor and David Hart
Owner David Hart says he plans to reopen with a new operator
Hotel Astor is being sued by its ground lessor for allegedly defaulting on its lease, and...
Rendering of Via Mizner
Boca Raton has waved the start flag on the downtown Mandarin Hotel and accompanying condo.
On Monday, the city council acting as the community redev...
CanAm Enterprises is disappointed that the corporate entity behind the New York Wheel project has informed it that they have decided to suspend all development. The company, whic...
Abhinav Lohia, Director, South Asia and Middle East of CanAm Enterprises, in his tête-à-tête with The Pioneer shares his thoughts on range of issues related to business ...
Clarion Partners has purchased 114 West 41st Street in Bryant Park for $282 million.
Newmark Knight Frank (NKF) announced it brokered the sale on behalf of Blackstone and EQ Office...
The Securities and Exchange Commission has charged a California-based immigration attorney and her husband in a fraudulent scheme that generated millions of dollars of undisclosed compensa...
Long associated with Wall Street and World Trade, the densely packed southern tip of Manhattan is now becoming a sought-after place to live. Here are eight towers under construction or rec...
The 42-story structure at 260 Kent Avenue will have 330 apartments, 66 of which will be below market-rate rentals
Williamsburg’s Domino megaproject has been steadil...
U.S. Securities and Exchange Commission building in Washington, D.C.
The SEC alleges that Jean D. Chen, the sole partner in an immigration firm based in San Jose and San Francisco,...
Staybridge Suites, at 129 East Kaliste Saloom, is pictured on Thursday, October 18, 2018, in Lafayette.
The Staybridge Suites hotel on Kaliste Saloom Road is going up for auction by court or...
Seventy-eight Chinese investors have filed a complaint against Nicholas Mastroianni II, alleging the Jupiter developer and EB-5 fundraiser attempted to defraud them of almost $100 million ...
Fall 2018 Statement of Regulatory Priorities on EB-5 by USCIS
Employment Creation Immigrant Regulations. USCIS will amend its regulations modernizing the employment-based, fifth preference (EB-5...
A group of nearly 80 Chinese investors have filed suit against Nicholas Mastroianni II, alleging he defrauded them of their EB-5 investments.
Mastroianni founded the U.S. Immi...
Ring in 2019 Atop Times Square with Two Packages Offering The Closest Live View Of The New Year's Eve Ball Drop
The ultimate New Year's Eve experience returns to The Knickerbock...
By Photograph by D Ramey Logan, CC BY-SA 4.0, Jupiter, Fla., is picturesque.
Nicholas Mastroianni persuaded investors to use the EB-5 program to help him build a sprawling waterfront mi...
Dive Brief:
A group of more than 90 Chinese EB-5 investors on Thursday filed suit against Nicholas Mastroianni II, his development Harbourside Place and others in Palm Beach County, Flori...
A coordinated effort at rewriting recent economic history is underway in the Beltway, and its target is one of the most successful investment programs in our country's financial toolbox: th...
The United States Congress has recently passed a reauthorization of Employment-Based (EB-5) Investor Immigration Program recently, that extend the popular immigration through investment program...
Harbourside Place in Jupiter was financed in part by loans from foreign investors.
Chinese investors who bankrolled Harbourside Place in Jupiter say they’re being defrauded of mil...
Palm House Hotel, 160 Royal Palm Way, Palm Beach.
The unfinished Palm House Hotel in Palm Beach, Florida, which backers say is the main attraction in a $40 million EB-5 visa fraud and ...
South Dakota Gov. Bill Janklow is shown Oct. 2, 1983, at his desk in Pierre. According to a deposition, Janklow reached out to Joop Bollen and wanted him to move to Pierre.
A new publi...
A bylaw authorizing a site plan for a three-story, 68-room Microtel Inn & Suites at the south end of Port Elgin was approved Oct. 9 by Saugeen Shores council. The proposed hotel f...
Isaac Benjamin Voss, 41, of Clark County, Washington, was sentenced today to 37 months in prison and three years’ supervised release for defrauding domestic and foreign investors who beli...
The U.S. Immigration Fund LLC has sued an Illinois attorney, his business partner and a Hong Kong consulting firm for fraud and defamation in New York state court, alleging they defra...
For the most part, Vermont's winter resorts find themselves well-positioned for the upcoming season, as general factors - a strong economy, a reasonably steady Canadian dollar, and continue...
45 Broad Street
The Gladstone family has a long history of construction in New York, and the family’s current venture, Madison Equities, was founded in the mid-1960’s. Now, ...
The forthcoming Triptych Hilton Curio Collection Hotel, planned for the corner of 36th Street and N. Miami Avenue, across the street from Midtown Miami, is breaking ground in the seco...
Emails obtained by VTDigger show internal squabbling within Vermont’s executive branch over the release of state EB-5 reports filed with the federal government.
The records would shed ...
Attorney Russell Barr, left, and Vermont’s chief assistant attorney general, William Griffin.
The Vermont attorney general’s office has stalled the questioning of one former stat...
With the South African economy entering its first recession since 2009 and the value of the Rand falling 20% in 2018, more and more South Africans are seeking alternate permanent residency in f...
Bob Dunn of Landmark LLC makes a presentation on the One Big Sky District in this July file photo.
On Monday evening, Landmark President Bob Dunn, the developer who’s studyin...
The Trump administration has temporarily renewed a controversial immigration program, which has been deemed the “visas for millionaires” program, until after the midterm elections.
...
Federal authorities have terminated the Great Ocean EB-5 Regional Center, which Capt. Huy Ying Chen started in 2013. The termination of this ability to participate in the immigrant investo...
Developer demand has fallen for the federal visa program that was extended until Dec.7
EB-5, the once wildly popular green card program giving developers easy access to financing at low rate...
My name is Janssen Willhoit, and I am a candidate for Vermont attorney general.
The values that most inspired me to run for the chief law enforcement office in Vermont are transparency and e...
A federal judge ordered a Newport Beach lawyer to pay $2.3 million in restitution and fines stemming from an alleged real estate and visa fraud case on the very day that his business partner go...
With a convenient location and great amenities Staybridge Suites Miami International Airport, IHG brings Miami a brand new six story hotel located at 3651 NW 25th Street. Recently ope...
The values that most inspired me to run for the chief law enforcement office in Vermont are transparency and equal justice under the law. The issue that most motivated me to run is the EB-5 fra...
13 Chinese investors are suing an EB-5 regional center, its founder and affiliated companies
Yet another group of EB-5 investors is alleging it was defrauded on a South Florida EB-5 project....
Russell Barr speaks to reporters outside the Lamoille County Courthouse in Hyde Park last summer.
The Vermont Supreme Court is allowing an attorney for a group of EB-5 investors t...
Chinese investors claim they were duped into sinking more than $6.5 million into a Royal Palm Beach office venture in exchange for EB-5 visas and have been denied permanent U.S. resid...
The surprise is blown and VTDigger is to blame.
That’s the take from attorney as well as his son in response to a story from the news organization published online this weekend a...
A director of the Vermont EB-5 Regional Center said he repeatedly recommended audits for the Jay Peak Resort projects, but was told to stand down in efforts he said were coordinated b...
After New York Wheel investors told the Advance this week they can't build the 630 foot tourist attraction without the city's help, the project was granted one last chance at ...
The New York Wheel investors told the Advance on Thursday that the project, which has been in the works for six years, will not happen without the help of the de Blasio administration.
...
The Securities and Exchange Commission today announced that an Illinois-based regional center, its CEO, and 37 affiliated limited partnerships have agreed to settle charges related to secu...
Rendering of Via Mizner
Boca Raton approved Phases 2 and 3 of Via Mizner in December 2015. Tonight, the new version of that project goes before the planning and zoning board—also ...
Palm House hotel-condominium in Palm Beach.
Complaint says Glenn Straub’s company provided money to pay for the defense of Robert Matthews of Palm Beach.
A prominent Wellington...
Growing processing times along with recent transgressions of some regional center operators have forced EB-5 projects and investors to realign themselves with another regional center. This shuf...
The slender corner building will be demolished to make way for the condo. Via Google Maps.
CetraRuddy is attached to design the condo, which will bring 52 apartments to the neighborhood
&nb...
Dalian Wanda Group is selling its share in the yet-to-open Chicago skyscraper
After marketing its majority stake in Vista Tower for $900 million back in January, Chinese ...
In the era of scrutiny and increased denial rate, a thorough preparation is a key to success
In the EB5 Investment immigration category, it is rather common for investors and ...
Several months after its casino building closed, the Lucky Dragon’s hotel tower could soon be shuttered too.
Lawyers for the bankrupt Las Vegas resort filed a motion last wee...
A bioscience conference hosted by LA BioMed featured nearly three dozen biomedical startup companies and declared Los Angeles as a national biotech hub.
The 5th Annual Innovation S...
On Aug. 24, 2018, U.S. Citizenship and Immigration Services (USCIS) made a significant update to its Policy Manual, Part G: Immigrant Investors. In its Policy Alert, USCIS outlined th...
115-key hotel is being developed near Kimco's Dania Pointe project
Rendering of Tru by Hilton hotel in Dania Beach and Daniel Berman AD1 Global
AD1 Global Hospitality just scored a $1...
Nordstrom Tower/217 West 57th Street, image from Extell
News about the supertalls rising in the city is pouring in, including 111 West 57th Street’s ascent past the 1,000-foot mar...
U.S. Citizenship and Immigration Services (USCIS) issued a Policy Memorandum entitled “Updated Guidance for the Referral of Cases and Issuance of Notices to Appear (NTAs) in Cases In...
The property market in the United States has endured its ups and downs pretty much like any other country in the world. But there are now many reasons why investing in the American property mar...
Coco Palms is seen from its main entry driveway showing the pedestrian bridge that linked guest rooms with retail shops in this 2016 photo.
The ongoing melodrama about the future of the...
On Aug. 31, 2018, the Department of Homeland Security (DHS) proposed a final rule in the Federal Register to increase the premium processing fee for certain visa petitions to $1,410, effective ...
Also, the SEC charged two men for using oil-and-gas investors' money for vacations and dating websites.
The Securities and Exchange Commission filed charges against a former registe...
Joel Burstein, former son-in-law to Ariel Quiros.
The former financial broker for Jay Peak owner Ariel Quiros will pay an $80,000 civil penalty to resolve claims brought by federal regu...
A lawsuit by Chinese investors who accused former Virginia Gov. Terry McAuliffe and Anthony Rodham, the brother of Hillary Clinton, of fraud has been dismissed by a federal judge.
The invest...
The Lucky Dragon racked up large sums of debt it can’t pay back, and the financial saga could cost foreign investors much more.
Foreign investors in the failed Lucky Dragon c...
Jay Peak Resort
Vermont Business Magazine Today the State of Vermont submitted an administrative appeal (link is external) to the United States Citizenship and Immigration Services (USC...
Dignitaries break ground on a proposed EB-5 project in Newport in May 2015.
The state is appealing a federal decision to terminate the Vermont EB-5 Center.
The administrative a...
160 Royal Palm Way
A developer and a Palm Beach attorney are accused of diverting money from foreign investors to personal luxuries.
What could sound more inviting? Invest in an unfinishe...
International investment supports a third local business in New York community
The Comfort Inn & Suites, funded with key EB-5 investments from American Lending Center (ALC), one of ...
August passed with no final rule for EB-5 regulations. OMB has not even received the regulations for review. USCIS Director Cissna told Congress in June that he thought it would be tough to fin...
A federal grand jury in New Haven added tax evasion to the list of charges against a couple accused of defrauding investors to buy two Washington Depot properties and develop a Palm Beach ...
Robert Matthews and the Palm House condo project at 160 Royal Palm Way
Robert V. Matthews and his wife, Maria Matthews, would face a maximum prison sentence of five years if convic...
For many people, merit-based immigration is most closely associated with the polemic H1-B visa program. There is another proven job creating merit-based program, however, that’s received ...
Customers stream into Farms & Market in Everett during the business’s grand opening celebration March 1.
The artisan grocery in the Grand Avenue Marketplace development i...
On June 14, 2017 U.S Citizenship & Immigration Services (USCIS) issued a revised Volume 6 of its Policy Manual which concerns EB-5 investors. The policy clarified the “Perio...
RivieraPoint is building a 155-key hotel near Miami International Airport. The $34.5 million project is set for completion next year.
RivieraPoint has topped off its six-story Radisson RED h...
Clockwise from top left: Visa investment fund hits Westchester condo developers with $5M lawsuit, Dannel Malloy marks opening of Stamford high-rise with ribbon-cutting ceremony, Developer seeks...
A Tinian-based company has secured EB-5 designation from a federal agency.
Tinian’s Alter City Group’s application for a Regional Center Designation Under the Immigrant Investor ...
Four Seasons One Dalton Hotel and Residences in Boston, Massachusetts.
South Africans can unlock US benefits by investing R7.5m in Pathway’s residence-for-investment programme
...
A California-based law firm must face allegations that it mishandled Taiwanese and Chinese investors' EB-5 visa applications after a California state appeals court concluded its actions wer...
THE DEVIL IS IN THE DETAILS
When preparing an EB-5 Immigrant Investor Petition, the most important and meticulous drafting you and your immigration attorney will collaborate on is the Source...
The 2018 eb5 investors Magazine EB-5 Convention in Los Angeles provided a platform to discuss a challenged industry. The dominant theme was EB-5 visa numbers, and the consequences of ...
Mitchell Schneider, left, president of First Interstate Properties, Ltd., and Sam Petros, CEO of Petros Development and Petros Homes of Broadview Heights, overlook the city of Cleveland from th...
CanAm's One Willoughby Square EB-5 project has funded. Some investors' I-526 petitions were adjudicated as short as 10 months.
CanAm Enterprises ("CanAm") is...
The Bronx overlayed with passport stamps
Advantage America EB-5 Group filed a $5M suit against EMC Bronxville Metropolitan
A Manhattan-based visa investment fund is suing the d...
The 153-key hotel is less than a mile from Miami International Airport and provides convenient access to several other major transportation options.
InterContinental Hotels Group has opened&...
Urban Investment Partners has just finalized a complex financing deal allowing it to move forward on a $118M project in Southwest D.C., the largest single transaction in the company&#...
A visa investment fund is suing the developers of the MetLoft Bronxville condominiums for $5 million, claiming the project is in default.
The allegations, at first glance, are simple: The lo...
A Florida federal court has approved a settlement reached between the court-appointed receiver for the failed Jay Peak EB-5 project and the town of Jay, Vermont, on interest and penalties stemm...
President Donald Trump's beach front Mar-a-Lago resort.
Following the launch of an investigation by Congressional Democrats into cronyism at the agency, the lawsuit asks the court t...
A Florida bankruptcy judge signed off Friday on a $39.1 million sale of a stalled Fort Lauderdale resort partially built with $30 million from the EB-5 immigrant investor visa program.
U.S. ...
550 Seabreeze Hotel project in Fort Lauderdale BeachRobert Indeglia, co-founder of Magna Hospitality Group
Rhode Island-based hospitality company paying $39.1M for the unfinished 12-st...
The stymied redevelopment of the Battery Maritime Building into a hotel and rooftop restaurant with a restored Great Hall may be back on track after a major cash infusion. Crain&rsquo...
Midtown Equities plans to take a roughly 30% equity stake in the Battery Maritime Building's unfinished conversion to a hotel, city documents show. The proposed cash infusion is e...
Courtesy of Rivera Point Development Group This Miramar office building was built last summer and is 60% leased.
The EB-5 program, for years a reliable source of capital for builders in Miam...
The unveiling of a brand new Hampton Inn in Media, PA, took place this Wednesday, August 15, thanks in part to the generous support of American Lending Center (ALC) and EB-5 financing...
On July 25, 2018, a lawsuit was filed in the U.S. District Court for the District of Columbia (Feng Wang, et al. v Michael R. Pompeo) that fundamentally challenges the way that the federal gove...
A woman who said her family has lived in Richmond for seven generations asked the Planning Board to restrict development atthe Preserve at Boulder Hills, an elite sporting club that wants to ex...
Skiers at Burke Mountain in 2016.
Jay Peak is expected to be in the hands of a new owner next summer while the sale of Burke Mountain is now indefinitely on hold.
That’s a...
The incomplete Las Olas Ocean Resort on Seabreeze Boulevard in Fort Lauderdale
An auction was canceled because the affiliate of Magna Hospitality Group was the only bidder for the ...
U.S. Sen. Charles Grassley, R-Iowa, has been critical of the EB-5 program in its current form and has called for the elimination of loop holes and potential for graft.
“While I couldn&...
Attorneys for a group of EB-5 investors exit federal court in Burlington following a hearing Thursday. From left are lawyers Joshua Simonds and Keith Miller.
An attorney pressing a law...
The Palm House, pictured in April 2017, in Palm Beach is at the center of several lawsuits. Once promoted as an ultra-luxury hotel-condo, the building stands unfinished in the ocean block ...
A residence owned by Ariel Quiros at 4452 Darling Hill Road in Burke.
Properties owned by disgraced former Jay Peak developer Ariel Quiros are worth 20 percent less than stat...
The Reading-based company partners with Interstate Hotels & Resorts to launch a pie program.
Reading-based Sweet Street Desserts has partnered with Interstate Hotels & Resorts to lau...
Over the years, I have pointed out that it can be quite lucrative to be an embezzler in Vermont. All too often, deferred or suspended sentences have been given to those convicted, little or no ...
Attorney Russell Barr speaks at a news conference in October. He has sued former state officials and the Vermont EB-5 Regional Center, alleging fraud.
A group of investo...
On August 3, 2018, the Securities and Exchange Commission charged two Florida residents in a securities offering fraud targeting immigrant investors.
According to the SEC's com...
Two people and their related business entities misappropriated approximately $21 million from foreign investors who sought to obtain green cards through the EB-5 visa program, using cash meant ...
Miller Mayer immigration attorney Steve Yale-Loehr was quoted recently by various media outlets:
On the EB-5 program:
Pacific Standard: Amid Immigration Uproar, Trump Keeps...
Boston Properties’ Owen Thomas and 3 Hudson Boulevard
REIT entered into JV with Joe Moinain to develop 2M sf tower
Boston Properties is both lender and developer on the H...
Immigrants wave American flags at a naturalization ceremony on July 25, 2018, in Los Angeles. A new lawsuit could make it easier for legal immigrants by not counting their spouses and children ...
A subsidiary of Fintech Creditease, Good Hope Investment Service, is providing “support and sponsored legal fees” to Chinese investors caught up in the EB-5 backlog. CreditEase star...
Good Hope Investment Services has provided support and sponsored legal fees for its Chinese EB-5 investors, who filed a lawsuit against the U.S. Government last Tuesday related to visa policies...
A California attorney who has been accused multiple times of exploiting the EB-5 immigrant investor visa program was hit once again with a $2.3 million suit in California federal court Wednesda...
The EB-5 Immigrant Investor Program — under which foreigners have invested billions of dollars in the U.S. to obtain American green cards — is set to expire in September.
Some cr...
I do not normally quote the Center for Immigration Studies, but for once I agree with David North. This is a concerning development:
An alarming bit of news – generally ignored by...
America’s fraud-ridden cash-for-citizenship scheme, officially known as the EB-5 investor-visa program, took some more hits in Congress this month. Don’t bet on any improvements.
...
New York Wheel has 120 days to get back on track
While the fate of the New York Wheel remains in limbo, at least one investor has decided to reduce his stake in the project in an effort...
A group of more than 450 Chinese EB-5 investors are suing the U.S. government to challenge visa policies that keep investors waiting up to 15 years to come to the United States.
American Len...
The Kushner family name is displayed on advertising at the One Journal Square project in Jersey City on May 9th, 2017, in Jersey City, New Jersey.
The Trump family's business t...
The EB-5 or “investor visa” is one of several business-related visas that may be used as avenues leading to legal permanent residence in the United States.
Lost amidst the contro...
Mid-year Economic Forecast
When Irgens Partners LLC began working on financing the $132.6 million BMO Harris Financial Center the company is developing in downtown Milwaukee, it found the ma...
Rendering of 3 Hudson Boulevard
The REIT is becoming the managing partner, purchasing a minority interest in the 2 million square-foot property in the Hudson Yards district.
Boston P...
Vermont Attorney General TJ Donovan announces a $2.1 million settlement of the state’s investor fraud case against developers Ariel Quiros and Bill Stenger at a press ...
Residents and community leaders attended Thursday night's grand opening of One University Circle, a 20-story luxury apartment building located on the city's East Side.
Located at 107...
More than 50 jobs were created during construction (shown here) and operation of the von Trapp Brewery construction and the Bierhall, Sam von Trapp said.
This story by Caleigh Cros...
“Love means never having to say you’re sorry” was the catchphrase from the syrupy 1970 movie “Love Story.” It struck a chord with the public, and the American Film...
Levine Kellogg Lehman Schneider + Grossman founding partner Jeffrey Schneider in Miami and Reid & Wise member and Litigation Department head Matthew Sava in New York.
The unfinished Fort...
Investors guaranteed 1 per cent interest and money back after five years
Bankrupt manufacturing tycoon Siegfried Lee Siu-fung, who once owned the most expensive house in Hong Kong, has moved...
Bill Stenger says it wasn’t until 2015 that he realized something bad was happening with the EB-5 projects he hoped would transform the N...
The receiver overseeing an estate related to the settlement of an EB-5 visa fraud scheme urged a California federal judge Tuesday to deny an attempt by intervenors in the case to sell one of th...
A recent Senate Judiciary Committee hearing purported to examine questions surrounding the EB-5 investor immigrant program. I say purported, because it featured only a single witness, one sympa...
The U.S. Capitol Building is seen at sunset in Washington. The debate in Congress over the "golden visas" comes at a time of increasing tension over immigration in the U.S.
E...
Car and sign courtesy; Eisenhower courtesy of James Burke
After nearly 50 years, it's the dawn of a new era for two of Pennsylvania's busiest roads — and the end of a very...
Walton Westphalia Development Corporation (the “Corporation”) is pleased to announce that it has repaid all outstanding debt to its senior lender having successfully refinanced its ...
Wagon tour guide Sam Pollock tells about the Amish near EthridgeMary Hance, USA Today Network
British billionaire Sir Richard Branson's tech-enhanced Virgin Hotel in Nash...
Vermont has settled a lawsuit against two ski resort developers who were accused of defrauding the state's troubled immigrant investor program.
Attorney General T.J. Donovan announced on...
Jared Kushner, President Trump’s senior adviser and son-in-law, boarding Air Force One this month. A company that is investing $700 million in the Manhattan tower of Kushner Companies is ...
Dive Brief:
Developers of the 67-story Court Square City View Tower in Long Island City, New York, have secured a $502 million construction loan for the building, which will be the talles...
From left to right: 701 Seventh Avenue, 702 TSX, and Nick Mastroianni
Would-be green card holders allege the firm "coerced" them into voting to redeploy their 701 Seventh...
The 4,134-square-foot residence is located in the tallest building of the three-tower development
A penthouse perched atop Two Waterline Square, a glassy tower designed by top architect...
It’s official: The federal government has terminated the Vermont EB-5 Regional Center.
The U.S. Citizenship and Immigration Services notified state officials on July 3 t...
I-829 approvals are continuing to be issued for the successful U.S. Immigration Fund EB-5 project, The Charles, in New York's Upper East Side neighborhood.
U.S. Immigratio...
While not apparent at first glance, many visa programs support real estate markets across the country. Visa holders purchase property, invest in property, keep other properties in good shape, p...
The Hotel Jay was the signature project of the Jay Peak Resort expansion that used EB-5 immigrant investor money.
The former developers of Jay Peak Resort gave $5 million in kickb...
The recent influx of high-net-worth individuals immigrating to the United States affirms that pre-immigration tax planning is an important move for prospective wealthy immigrants, who ultimatel...
Rendering of the Melia Costa Hollywood Beach Resort
Majority of buyers hail from Argentina, developer says
Liberty Grande closed on a $70 million construction loan to comp...
Read more by clicking below image
Michael Gibson, a Miami investment adviser, was hosting clients at his booth in the Las Vegas Convention Center when he became bothered by two men conducting their own business in his quarters....
With gridlock in Washington and increasing allegations of fraud in the courts, the federal visa program is facing a new threat — its inability to clean up
As migrant children lay separ...
The year was 1967. Doctor King preached peace. The space race was in full speed. And the Tiffany Apartments were built on Oklahoma City’s Northwest side, with its 8-foot tall &l...
Jay Peak's Tram Haus Lodge
A group of Jay Peak investors is suing two Vermont lawyers, contending the attorneys had a conflict of interest.
Edward Carroll and Mark Scribner, form...
With the latest Republican immigration bill failing to pass the House, the current dysfunctional immigration system continues. But a few simple regulatory and legislative tweaks, such as reduci...
Judge Lioi retained jurisdiction in the case to enforce a settlement reached in January.
NORTH CANTON A federal lawsuit against the developers of the Hoover District project was dismissed th...
During the Q&A period at the EB-5 stakeholder meeting on November, 7, 2017, Carolyn Lee questioned IPO Deputy Chief Julia Harrison about recent adjudication of the bridge fin...
USCIS released a memo yesterday relating to I-829 processing changes. Short story: instead of getting an automatic 12 extension of status when filing an I-829, USCIS will now extend you an...
The Trump administration has urged the US Congress to either reform or eliminate the EB-5 investors visa programme, which provides green cards to foreigners investing at least USD 1 million in ...
The Australian developer who's buying Maine's Saddleback Mountain ski resort was arrested Thursday after a raid on his offices in his home country.
Sebastian Monsour, CEO o...
Completed projects have successfully utilized NYCRC EB-5 financing to assist in the construction of over 3.5 million square feet of new development and renovation resulting in thousan...
Meridian Capital Group arranged capital in predevelopment financing for a hotel development site in NYC.
Hotel Business has been following transactions in the industry. Meridian Capital Grou...
CBRE Affordable Housing has arranged financing for the deal.
The historic Lowney Chocolate factory is being redeveloped into a 130-unit mixed-income and mixed-use property in Mansf...
Sen. Chuck Grassley, R-Iowa.
EB-5 visa program gives up to 10,000 visas annually to investors who spend at least $500,000 in area of need
The Trump administration does not expect to final...
Governor’s Panel Tours Newport Waterfront, Sees Passion And Potential
A committee of business leaders and community groups formed by Gov. Phil Scott to explore the value of outdoor rec...
A federal judge in Vermont recently denied a Florida-based attorney's request to dismiss a suit brought against him by a foreign investor who accuses the attorney of legal malpractice, inad...
John Catsimatidis and 3514 Surf Avenue in Coney Island
425-unit development is going up at 3514 Surf Avenue
John Catsimatidis’ Red Apple Group landed a construction loan for its und...
Renderings of 701 Seventh Avenue and 702 TSX Broadway and One Wall Street
Frustrated by up to 15-year wait times, they are talking with attorneys about how to pull out of proj...
Recently, Vietnam became the second member of a club no one wants to be in: countries facing EB-5 visa backlogs. As the only EB-5 Regional Center with a full time presence in Vietnam, Amer...
A former official at Luca International Group LLC accused of helping perpetrate a $68 million Ponzi-esque scheme involving the EB-5 immigrant investor program told a California federa...
The Balsams in Dixville Notch
The team hoping to redevelop The Balsams Resort will explore other options to convince the state Business Finance Authority to back a $28 million state loa...
America’s troubled investor-visa program is getting a surprising and distressing lift from the Trump administration. Instead of tighter vetting of foreign nationals seeking green cards, m...
The former Merkens chocolate factory in Mansfield.
The fits and starts that have surrounded plans to convert the historic 1903 Lowney chocolate factory complex to apartments ...
Michael Goldberg, the court-appointed receiver in the EB-5 fraud case, speaks at a Statehouse news conference Thursday.
The court-appointed receiver for Jay Peak is pursuing claims aga...
Michael Simkins and the property
Buyer, NES Financial, specializes in administering EB-5 projects
Michael Simkins just sold a warehouse in northwest Miami-Dade for $5.25 million to a...
Senator Chuck Grassley and President Donald Trump
Iowa lawmaker has long sought to end the investor visa program
Investor visa industry groups are telling foreign investors they have...
Rendering by Marriott International Inc. / An Aloft Hotel is slated for the Chattanooga Bank Building in downtown Chattanooga. This is a rendering of a prototype lobby for the brand.
...
Artist rendering of the completed Halletts Point (not the temporary venue).
Halletts Point is a new waterfront mega-development coming to Astoria, Queens. It’s currently tied...
The Hallets Point waterfront, looking towards Manhattan.
It may be in operation for the next few years
Randalls Island, SummerStage, Hallets Point? That’s right, the...
Brazilians have been courted in recent years by U.S. developers seeking to raise capital through the EB-5 program. But last month, the industry took a big step to cement Brazil’s status a...
Hallets Point, Douglas Durst
Center will make use of land while project is stalled
While part of the project remains stalled over a funding squabble with the city, the Durst Organiza...
The Palm House is located at 160 Royal Palm Way, Palm Beach.
A federal court in Connecticut has delayed until at least Sept. 4 the fraud trial of Palm House developer Robert &ldquo...
A Chicago-based immigration attorney the U.S. Securities and Exchange Commission accused of swindling foreign investors seeking EB-5 visas can no longer represent numerous supplementa...
On Nov. 27, 2013, I appeared before the Brown County commissioners meeting wanting someone to investigate the missing $5 million that had been given as a grant that was to go to construction an...
Construction is underway on the two-building, 301-unit Stazione:25 apartment complex near the Mount Baker light rail station in Seattle’s Rainier Valley. The complex will offer studio and...
Mount Snow Resort in West Dover.
Peak Resorts, the parent company of Mount Snow, is waiting for legislative tweaks before continuing its EB-5 fundraising campaign.
"In con...
Russell Barr speaks to reporters outside the Lamoille County Courthouse in Hyde Park last summer.
An attorney for a group of EB-5 investors has taken a new legal tack since a judg...
U.S. Attorney Duane A. Evans announced that William B. “Bart” Hungerford, Jr., age 57, and Timothy O. Milbrath, age 62, both residents of Maryland, were charged today in an eig...
Mount Snow's parent company Peak Resorts announced they have temporarily suspended their EB-5 fundraising campaign, citing pending legislative changes to the federal program.
In a notice...
A former top military aide to three American presidents and his business partner made a simple pitch to foreign investors: Pump money into post-Katrina New Orleans rebuilding efforts ...
A little-known federal immigration program has fallen flat in New Orleans, and the investors allege that the men former Mayor Ray Nagin hired to handle it are committing fraud.
A little-know...
The investors' lawsuit alleged Hungerford and Milbrath, who served as a military aide to Presidents Ronald Reagan, George H. W. Bush and Bill Clinton, redirected more than $6 million into t...
On May 15, 2018, USCIS revised its Policy Manual, effective immediately. The agency will no longer count the jobs created for US workers through tenant occupancy of EB5 properties. Th...
The site for the long-stalled Elgin Memory Care development on Route 20 in Elgin must be cleaned up by mid-July, a Kane County judge has ruled.
judge has ruled the long-stalled Elg...
Leslie Evans, property at 249 Royal Poinciana Way
Evans pleaded not guilty in April to charges related to the Palm House Hotel, an unfinished condo-hotel project
A Palm Beach attorne...
Furthers investment made by Tradepoint Atlantic in redeveloping Sparrows Point
150-acre shipyard delivers additional berth capacity for Tradepoint Atlantic’s marine operation...
A Vermont federal court denied a motion for dismissal lawsuit filed against Anthony Korda and The Korda Law Firm by a man who was seeking permanent U.S. residency, ins...
Oppurtunity in South East Asia with the launch of Tommie Hotel Hollywood eligible to the US green card program
Tommie Hotel Hollywood is located next to Hollywood Walk of Fame, a world&rsquo...
Jay Peak Vermont ski resort
Ariel Quiros was accused of running the biggest to date EB-5 fraud to date at Vermont's Jay Peak ski resort.
A federal judge has dismissed a potential...
Lucky Dragon developer Andrew Fonfa is looking for new investors to take a gamble on the financially distraught off-Strip Las Vegas casino.
The failed Lucky Dragon casino in Las V...
Fastest-Selling Luxury Condominium Project in Texas Puts Residents at the Center of the San Antonio Museum District With Full Access to Exclusive Thompson Hotel Amenities and Spectacular Views
...
USCIS has made another revision to the EB-5 section of the USCIS Policy Manual, this time to rescind its former guidance on counting jobs associated with tenants in a new building funded b...
The $1 billion Mercer Crossing community under construction northwest of Dallas is one of the largest projects being built in the town of Farmers Branch.
The residential community ...
Mt. Baker Housing plans to build an affordable housing development near Sound Transit's Rainier Beach transit center.
Mt. Baker Housing, a local nonprofit and affordable housing develope...
Harry Macklowe and Hong Kong
Sales roadshow includes Hong Kong, Shanghai and Beijing
Like Gary Barnett before him, Harry Macklowe is targeting Asian buyers for his latest condominium proj...
The exterior of Lucky Dragon, which shut down gaming and casino restaurant operations in early Jan., in Las Vegas on Monday, April 16, 2018.
How much is the Lucky Dragon worth? De...
The renovation project at the Palm House stopped abruptly in October 2014, and the doors have remained padlocked since. The property has racked up about $2.5 million in town fines, th...
One Maryland facility is using scientific-based treatment to address the opioid epidemic and lead the way in recovery efforts.
Concerted Care Group say their organization works to treat...
One University Circle's footprint was designed to honor the circle's history and maximize the number of balconies with views of the reflecting pool.
At 20-story One University Circle...
A proposal to run high-speed, fiber-optic broadband cable along the right-of-way could cost as much as $300 million, but officials believe selling access to ISPs will make it all worth it.
A...
Images of a mixed-use development for Miami by Uruguayan architect Rafael Viñoly show a pair of perpendicular towers connected at the top by a wedge-shaped sky bridge.
...
A California lawyer asked the Ninth Circuit on Thursday to affirm a lower court’s decision granting summary judgment in a suit brought by a former Chinese client alleging that the attorne...
Amazon.com‘s market value jumped on Friday morning after its latest earnings report, putting the company closer to overtaking Apple as the largest U.S. firm.
Shares of the e-commerce g...
Miami City Manager Emilio González and Panorama Tower
Center didn't generate any money or produce visas since launching in 2014
Miami’s EB-5 regional center wil...
A construction manager overseeing the deluxe Le Meridien Hotel project in downtown Houston is among a crew of people across the country charged in federal court with swindling the Bec...
1 Journal Square, Steve Fulop and Charles Kushner
Developer says it's all politics
Jersey City Mayor Steven Fulop is threatening to shut down building plans for two luxury rental towe...
Holiday Inn Express & Suites Near Universal Orlando announces the completion of renovations to its property. Changes were made to all guest corridors, guest rooms, and fitness center.
...
The county health department building on Scholls Lane is inconspicuous, but it now houses a program one Baltimore-based company hopes can help in the fight against Frederick County’s opio...
160 Royal Palm Way and Robert V. Matthews and Les Evans
A federal grand jury indicted developer Robert V. Matthews and attorney Leslie Evans for allegedly diverting $50M of EB-5 investm...
Kolter Urban has taken out a larger construction loan for 100 Las Olas, a mixed-use tower that is set to become the tallest building in Fort Lauderdale.
Chicago-based CIBC Bank assumed ...
The Tram Haus Lodge at Jay Peak was one project invested in by foreign investors through the EB-5 program. This week a judge dismissed a case brought by a group of foreign EB-5 investors a...
International investors need to do real due diligence before dropping $500,000 or more on an EB-5 investment. As evidenced by recent events in Palm Beach County, the fact that an EB-5 developer...
It's not as famous as Napa Valley, but Temecula is still a hotspot for wine-related tourism in Southern California.
Several Temecula-area developments were funded by Chinese investors ...
The EB-5 immigrant investor program allows wealthy foreign investors to contribute to economic development of the United States in exchange for paths to citizenship. The program certainly has i...
Metropolis project in Downtown Los Angeles
A fundraising entity had claimed the lawyer attempted to take over stewardship of the program
A federal lawsuit filed against a Los Angeles...
About ten thousand wealthy foreign nationals obtain U.S. visas that can lead to permanent-resident green cards each year by utilizing America’s EB-5 program.
Under the program, foreign...
I-829 petition approvals have now been issued for another successful U.S. Immigration Fund EB-5 project offering, The Charles, in NYC’s Upper East Side
We want to congratulat...
The question of whether Vermont government leaders were complicit in the massive Jay Peak Resort fraud case was argued in court for the first time Monday, Sept. 25, 2017 in Vermont Superior Cou...
The Kingsbridge Armory is slated to become the Kingsbridge National Ice Center.
Members of the Northwest Bronx Community Clergy Coalition tell News 12 that they met with developers last...
The Immigrant Investor Program, or EB-5 Program, was until recently a little-known visa preference program operated by a division of the U.S. Department of Homeland Security. But the program ma...
Chelsea has long been a center of creativity in Manhattan. Recent developments have been strongly inspired by that history. Many of the city’s most notable projects with distinctive archi...
The vegan Shake Shack has arrived.
By CHLOE, the New York City-based fast-casualvegan restaurant that opened in 2015 with a similar service model to Danny Meyer’s hit burger chain...
Superior Court Judge Mary Miles Teachout.
A Vermont judge has agreed to a state bid to freeze the remaining assets of Jay Peak developer Ariel Quiros who recently settled a f...
When The Bancorp Inc. filed suit in January to foreclose on a $50 million loan for a half-built Fort Lauderdale resort, it thrust into limbo the immigration goals of 60 foreign invest...
Issued by Orion News Media Nicholas Mastroianni CEO of U.S. Immigration Fund in FL Announces Repayment of EB-5 Investment To Via Mizner Investors
Via Mizner, a U.S. Immig...
The Bjarke Ingels Group (BIG) has released the first batch of renderings for its latest Manhattan project, a 60-story office tower set to touch down in NoMad. As first reported by New York YIMB...
Sycamore at Tyvola, opening soon in Charlotte. Switzenbaum & Associates
A new apartment development near West Tyvola Road and South Tryon Street is opening soon, the latest in an apartme...
California Investment Immigration Fund, LLC operated out this space at a Hilton-brand hotel in San Gabriel, California
The lawsuit charges the defendants spent the EB-5 funds on ‘...
UNITED STATES DISTRICT COURT, DISTRICT OF CONNECTICUT issues several criminal indictments for multiple violations of federal law and conspiracy.
Several guilty pleas have been obtained.
S...
Metropolis, the $1-billion condominium and hotel complex, is set to be completed in 2019. Two of its buildings are on the market.
Last year, Chinese investors interested in buying or d...
Capt. Chen raised funds from foreign investors for projects that never happened. No one stopped him.
To officials in Longview, a scrappy Washington mill town on the Columbia River, the &ldqu...
Hilton‘s (NYSE: HLT) midscale hotel brand, Tru by Hilton, is increasing its presence across the South with three new property openings in Little Rock, Arkansas; Meridian, Mississippi...
An illustration of Oyster Point Marina where a proposed development of 1100 residential units is being encouraged by the city of South San Francisco, Calif., Wednesday, November 22, 2017. The a...
Ariel Quiros at a groundbreaking for AnC Bio Vermont in May 2015.
Ariel Quiros, the former owner of Jay Peak Resort, has filed a motion claiming that the state is p...
It could be another 8 to 10 months until developers of the Kingsbridge National Ice Center could see shovels in the ground.
Those are some of the new details outlined in a letter d...
Golden Gate Global announced today that it has completed fundraising...
Los Angeles-based private equity firm 8th Bridge Capital talks about the EB-5 immigrant investor program and its future.
The EB-5 program is in flux due to changing regulations.
In the tw...
An Indian doctor who says he was defrauded of $550,000 in an investment-for-visa deal will have to make his claims to an arbitration panel.
U.S. District Court Judge Nelson S. Roman ruled on...
Slated for delivery in 2020, the 46-level building known as 100 Las Olas is already one month ahead of schedule and projected to be the tallest of its kind in the city.
Kolter Urba...
Gov. Scott and Michael Goldberg explain the recent EB-5 financial settlement at the Statehouse in Montpelier on Thursday, April 13, 2017.
There's no getting around it — most of the...
From left: Sen. Chuck Grassley, Jeff Blau, Nick Mastroianni
Sen. Grassley said "moneyed" developers quashed reform
The EB-5 visa program, heavily favored by New York d...
Ten Taiwanese investors who poured millions of dollars into a real estate development project in Florida sued the U.S. Department of Homeland Security in D.C. federal court Thursday, alleging t...
Today, President Trump signed the Omnibus Appropriations Act for Fiscal Year 2018, that includes an extension of the EB-5 program until Sept. 30, 2018, along with the Conrad 30 program for foreign ...
Kolter Urban just closed on a $25 million loan for the condo project
Things are moving along for 100 Las Olas, which is expected to be the tallest residential tower in Fort Lauderdale o...
The unnamed rooftop bar project is expected to arrive atop the Intercontinental next spring
Gerber Group’s Mr. Purple sits atop the Indigo Hotel in NYC’s Lower East Side.
The ...
Metropolis project in Downtown Los Angeles (Metropolis LA)
The suit is another bump in the road for the developer's $1B project
A Los Angeles lawyer and his one-person firm are being ...
Rendering of 100 Las Olas
Loan refinances $8.5M outstanding on a Wells Fargo Bank loan
The Kolter Group just scored $25 million for its mixed-use 100 Las Olas development, which at 4...
HYDE PARK, Vt. (WCAX) Is the state responsible for the alleged Kingdom Con? That's the $200 million EB-5 fraud case-- the largest in Vermont history.
The state and the Federal Secur...
UNITED STATES DISTRICT COURT, DISTRICT OF CONNECTICUT issues several criminal indictments for multiple violations of federal law and conspiracy. Several guilty pleas have been obtained. So...
The company has also been accused of weaponizing construction efforts to harass tenants.
The Kushner Companies, the family business that Jared Kushner ran before joining his father-in-...
For a foreign investor who wants to come to the U.S., a purchase of a U.S. film maker’s screen play may end up being a “ticket to America.” A strategy involving the sale of a ...
160 Royal Palm Way and Robert V. Matthews and Les Evans
Funds were allegedly used to buy homes, luxury cars, a yacht and to pay off personal debt
Palm Beach developer Robert Matthews and ...
Robert V. Matthews, once a politically connected local developer, and his Florida real estate lawyer were indicted Wednesday on conspiracy and financial charges.
Robert V. Matthews, once a p...
Palm House Hotel, 160 Royal Palm Way, Palm Beach, Florida.
The pair allegedly stole money meant for a Palm Beach condo-hotel project and misled investors into thinking prominent people...
Saddleback Mountain (File photo)
An audio tape has been released indicating the cash-strapped, prospective buyer of Saddleback only wants the resort so he can take advantage of a federal pro...
After more than two years on the job, the tower crane affixed to Extell’s One Manhattan Square is ready to come down. It’s mere days from dismantling.
To accomplis...
Clark Construction has filed a lawsuit against Perkins Eastman over services performed during the first phase of construction at The Wharf, D.C.'s $2.5B Southwest Waterfront developmen...
Gary Barnett and Central Park Tower at 217 West 57th Street
Sale of 17% of Class B shares will bring $94M in cashflow: TASE documents
Gary Barnett’s Extell Development sol...
Mount Snow resort in Dover.
Mount Snow executives say hard work and expertise are helping the Dover resort thrive this winter in spite of “volatile” weather.
But th...
The lottery for 81 affordable housing units at 10 Hallets Point is officially open.
The first of seven buildings at the 2.5-million-square-foot development project in Astoria will ...
GreenTech Automotive, former Virginia Governor Terry McAuliffe’s government-subsidized electric car company, filed for bankruptcy in late February. The announcement came on the heels of a...
Both domestic, foreign investors bought into fake clean energy firm
A 41-year-old Clark County man pleaded guilty Thursday to a federal charge of wire fraud for misleading investors who beli...
Virginia Gov. Terry McAuliffe's old electric car company has filed for bankruptcy.
Sterling-based electric vehicle manufacturer GreenTech Automotive — a company founded i...
Ariel Quiros whispers to Gov. Peter Shumlin during a press conference at Jay Peak’s Stateside Hotel and Baselodge.
Lawyers for Jay Peak developer Ariel Quiros...
The Commission has brought a series of unregistered broker actions in recent years – the cases have become a staple of Enforcement. One of the areas which seems to generate a continuing s...
The Las Olas Ocean Resort construction site in Fort Lauderdale
550 Seabreeze Development LLC, the developer of Las Olas Ocean Resort, on Fort Lauderdale’s beach, filed f...
Joe Matteo, president of ProNova Solutions, explains how proton therapy works.
Middle Tennessee residents will soon have a new option for an innovative cancer treatment.
Knoxv...
GreenTech Automotive, the electric car company founded by former Virginia Gov. Terry McAuliffe, filed for bankruptcy protection this week, citing news coverage in 2013 by Watchdog.org as one of...
I thought we’d see final action for EB-5 regulations, because the Fall 2017 Unified Agenda said we would (having advanced the anticipated action date from April to February), Co...
A new Hyatt Centric hotel will open at 100 E. Las Olas Boulevard in Fort Lauderdale, Florida in 2020.
SB Architects, Simeone Deary Design Group, Bob Martin Unlimited team up ...
Exclusive: William J. Murray notes people had been OK'd for refugee status under Obama
More than 100 Iranian Christians who were pre-screened by the U.S. State Department before travelin...
When complete, Metropica will have eight residential towers.
There are about 7 million people in South Florida — but only about 90,000 of them live on Miami Beach. While you ...
Vornado Realty Trust wants to offload its 49.5 percent stake in the skyscraper
There may be an end in sight for the saga of 666 Fifth Avenue, which went from being the most expensive office ...
A rendering of the Skyland Town Center, which is finally under construction.
The troubled Skyland Town Center project in Southeast D.C. is finally underway. Really.
Developers WC Smi...
The state of Vermont has a plan to release documents related to the ongoing investigation of investment fraud at the Jay Peak ski area.
On Friday, the Department of Financial Regulation...
Dive Brief:
Atlanta-based developer Novare Group and Batson Cook Development have started construction of a 25-story luxury tower along the "$5 Billion Mile" in Frisco, Texas, a...
Caroline Moore, the Boise owner of CMoore Holdings and Bright Star Care Boise, wants to turn this brick ranch house into an assisted-living home for eight frail seniors. Neighbors in the Five M...
A Nevada bankruptcy judge ruled Wednesday that the hotel of the Asian-themed Lucky Dragon resort off the north end of the Las Vegas Strip will remain open for another month.
U.S. Bankruptcy ...
While the developers of the Balsams Resort await a March decision from the N.H. Business Finance Authority on its financing package, Dixville Capital LLC. is seeking to discontinue th...
Michael Bouchard heads the investment group that purchased Tenney Mountain after a decade of neglect.
The investment group that owns Tenney Mountain ski area in Plymouth that reopened ...
CNN reports that one of the key things Mueller and his investigators are looking into is Jared Kushner’s attempts to secure new financing for his family’s flagship, debt-ridden prop...
An EB-5 immigrant investor visa is normally appealing to wealthy foreign individuals seeking a permanent residency in the United States. However, investing in the wrong EB-5 can have catastroph...
Less than a year and a half after it opened, the Lucky Dragon is in bankruptcy.
Lucky Dragon developer Andrew Fonfa pushed the off-Strip, Chinese-themed resort into Chapter 11 protectio...
Harry Macklowe, One Wall Street and Jay Peak
Developer already raised $186M from EB-5 investors at 1 Wall Street
Dozens of foreign investors whose money was misused in a massive...
Native Hawaiian activists, who say they have rights to the land, are protesting the rebuilding of the Coco Palms hotel, where Elvis Presley’s “Blue Hawaii”was filmed.
...
Investors paid 469k for the 3-acre lot last year
Rendering of AcadeMir Preparatory School Academy
Investors Mario and Ramon Castellanos just scored $5.5 million in EB-5 funding to b...
There's a deep political divide over how to handle immigration, and clashes over the issue have contributed to two government shutdowns — albeit one lasting mere hours — thus fa...
Every once in a while — some would say in a long, long while — the federal government comes up with a good idea. For my Baby Boomer generation, many would say the Apollo Space Progr...
The $150 million Convention Center Hotel project, supported by Chinese investor Chun Yang, is under construction and Phase I will open in 2020. Photo courtesy of City of Tacoma
Tac...
Stateside Hotel at Jay Peak.
The ribbon was cut Wednesday afternoon on the last major development at Jay Peak, coming just a few months before the resort is expected to hit the ma...
FirstPathway Community Development receives $15 million
On Tuesday, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund announced $3.5 billion ...
If President Trump is serious about wanting to shape immigration policy to be part of his plan to make American great again, there is at least one category of immigrant he should urge...
The EB-5 program was implemented in 1990 as a program to provide legal permanent residence status to investors who invest $500,000 or $1 million (depending on the geographical area) in a busine...
Michael Goldberg at a Statehouse news conference in April.
EB-5 investors who lost out on obtaining green cards when a proposed $110 million biomedical research facility in N...
A large number of Indians are queuing up to invest in businesses in the US through the EB-5 Investor Visa which assures migration with a quicker eligibility for acquiring the Green Card. In the...
A brief federal government shutdown ended this morning as the House and the Senate passed a Continuing Resolution (the “CR”) which provides a bipartisan budget bill that raises spen...
A Hawaiian consultant disputes the claims of the occupiers of a planned resort site on Kauai.
Dismayed by what he calls a glut of erroneous legal accusations behind the ongoing occupation of...
A courtesy rendering of the never-built AnC Bio facility proposed for Newport. Investors in this EB-5 project now will get a chance to invest in a different project in New York City.
by Timo...
The embattled, frequently looted, immigrant-investor (EB-5) program is apparently going to get two more years of its unreformed operations from the pending spending bill.
Meanwhile, more tha...
Fate of EB-5 Visa program remains ‘on hold’
Hidden somewhere in the dark recesses of the U.S. Senate Committee on the Judiciary’s files is a nearly year-old piece of legisl...
The developers of the Balsams Resort say they are disappointed with the N.H. Site Evaluation Committee’s decision on the Northern Pass project. A spokesman said the project has ...
The tower is expected to go vertical in early 2019
Uruguayan architect Rafael Viñoly’s luxury project One River Point is on its way to becoming a reality, according to...
Hotly debated, a controversial development project is under construction.
The 36-story luxury condo on the former site of Brooklyn Public Library’s Brooklyn Heights branch at...
A guestroom rendering of the Thompson San Antionio.
Thompson Hotels began development on its newest project, Thompson San Antonio and The Arts Residences. An official groundbreaki...
The court-appointed receiver for an EB-5 project that went down in flames and was sued for fraud by the U.S. Securities and Exchange Commission in Florida federal court believes he ha...
The first son-in-law has run into trouble with some high-profile buildings but has rejected claims that debts could sink him
A year into the Trump presidency that was supposed to bring prosp...
The Securities and Exchange Commission today announced that the Miami-based businessman behind an alleged scheme involving investments in a Vermont-based ski resort has agreed to...
Mount Snow has commenced their next round of financing for construction of their Carinthia expansion plan.
In a notice filed with the United States Securities and Exchange Co...
Ariel Quiros at the groundbreaking for the biomedical facility in Newport in 2015.
Vermont Business Magazine Ariel Quiros is no longer the owner of Jay Peak Resort and all told is liabl...
A guestroom rendering of the Thompson San Antionio.
Thompson Hotels began development on its newest project, Thompson San Antonio and The Arts Residences. An official groundbreaki...
Rendering of Building 77 at the Brooklyn Navy Yard and Clare Newman
Project will add 5.1M sf to the Tech Triangle site
The Brooklyn Navy Yard will undergo a $2.5 billion d...
January 30, 2018 has been set aside for the ground-breaking of Texas’ fastest selling high-rise mixed development project that is expected to give interested EB5 investors the opportunity...
The incomplete Las Olas Ocean Resort on Seabreeze Boulevard in Fort Lauderdale
The lender says it is owed $37M in loans on a project that pulled in $30M in EB-5 financing
The fi...
Amound of North Korean coal adjacent to the RasonConTrans coal port at Rajin harbor, North Korea, on November 21, 2017.
A couple accused of selling coal for North Korea recently attemp...
Indians wishing to obtain a quick, even if expensive route, to the US as permanent residents, can breathe a sigh of relief.
The investment link visa route or the EB-5 is likely to continue b...
Shown in early 2014, with the Granite Reliable Wind Farm above it, The Wilderness Ski Area at The Balsams is poised for a major expansion.
As the New Hampshire Business Finan...
Amending claims against an accused supporter of North Korea’s missile program, prosecutors say the Chinese company used America’s visa-investment program to launder the proceeds of ...
If you are a hotel executive or other highly compensated individual in the hospitality industry, you need to be aware of how the new Tax Act (H.R. 1 – Tax Cuts and Jobs Act) might affect ...
Five companies involved in Vermont’s Jay Peak ski and water park development reached a $225,000 settlement with the Securities and Exchange Commission (SEC) Wednesday as part of...
Tibor Hollo and Mikki Canton at an EB5- launch event of Panorama Tower in 2015
Regional center hasn’t generated money or resulted in new visas being issued
...
Miami and a Brazilian Carnival dancer
More than 75% of visas still go to mainland Chinese, new data shows
The United States welcomed 282 Brazilian immigrants last year through the E...
Pumphrey: Initial funding failed; new plan expected next month
Special A small number of villas have been constructed at Foxhall Resort and Sporting Club so far. Financing for a planned larg...
Over the past 5 years, 3INVEST has partnered with Houston EB5; an Investment Program administered by the U.S. government. Offering foreign investors, the opportunity to become a US citizen by i...
Five companies involved in the U.S. Securities and Exchange Commission’s $350 million EB-5 visa fraud suit against Jay Peak ski resort owner Ariel Quiros have agreed t...
Charles Kushner and a rendering for One Journal Square
Charlie Kushner and visa partner USIF "mutually decided" to stop raising money for One Journal Square following roadshow...
As of midnight Friday, the federal government has shut down. Congress is in a stalemate. During this shutdown, all but “essential” personnel will be furloughed and are not permitted...
Ariel Quiros at a groundbreaking for AnC Bio Vermont in May 2015.
A religious education organization says it may have to reduce its staff of teaching rabbis unless it can coll...
A security guard patrols around Lucky Dragon, which shut down gaming and casino restaurant operations in early Jan., in Las Vegas on Monday, Jan. 15, 2018. (Chase Stevens/Las Vegas Review-...
George Olsen, Paul Levinsohn and a previous rendering of the Battery Maritime Building
Suit claims regional center hid the truth about the stalled project
It was the middle of 2015 w...
If Congress is unable to pass a spending bill or stopgap measure by Friday, January 19:
Immigration functions at the Department of Labor would be completely suspended;
USCIS and State D...
Please join us in congratulating our clients Luis and Debora from Brazil who received the approval of their EB-5 this week. Luis made an investment through the Magic Village, a luxury vacation ...
Doug Hoffer, Vermont state auditor.
Vermont State Auditor Doug Hoffer told a Senate panel he wants to tell a story about the EB-5 scandal that played out in the mountains of the Northe...
David Kramer and a rendering of 1 Clinton Street
The developer demolished the Brooklyn Heights Library last year
Hudson Companies plans to bring 134 condominium units to market...
A Florida federal judge on Tuesday stayed an investor class suit against Jay Peak ski resort owner Ariel Quiros over his alleged role in a $350 million EB-5 visa fraud suit, as Quiros...
No indication yet that Washington is near compromise on new immigration legislation. A Continuing Resolution of current funding and authorities to February 16 continues to look likely. In honor...
The Jarmulowsky Bank building at 54 Canal Street
DLJ Real Estate Partners plans to transform the Lower East Side property into a hotel
Wanted: $78.5 million in EB-5 funding for a luxury h...
The state is taking longer than expected to release documents in the EB-5 investor fraud case against Jay Peak Resort developers.
The deadline was originally Dec. 31. The Vermont Attorney Ge...
Securing funding within coming months would end lawsuit between developers.
NORTH CANTON Areas of the former headquarters of the Hoover Co. largely sit empty.
Maple Street Commerce acquir...
A Chinese investor who was allegedly defrauded of $1.5 million as part of an investment scheme exploiting her desire to obtain U.S. residency through U.S. Citizenship and Immigration Servi...
A $116 million hotel-condominium project is underway for San Antonio's art district. The project is expected to be completed by 2019.
San Antonio will soon add more downtown, luxury home...
Jeff Blau and a rendering of 35 Hudson Yards
Developer and partner Oxford Properties will sell pads at an average of $11M a pop
Related Companies and Oxford Properties Group are...
Rendering of Brightline and Patrick Goddard
Downtown Miami station won’t open for a few months
All Aboard Florida’s high-speed rail is set to finally launch to the public this...
Thomas Heatherwick and developer Related Companies have teamed up yet again, this time for a double-pronged condo tower that wraps around a section of Manhattan’s High Line. As ...
While President Donald Trump's first working days of the new year have focused on subjects like immigration and budget deals, his son-in-law reportedly has a different focus. Jared Kushner ...
The Lucky Dragon casino-hotel off the Las Vegas Strip has temporarily closed its casino and restaurants.
The property in a statement issued Thursday said it has begun a “repositio...
The New York Times reported on Sunday that the real estate firm owned by Trump’s son-in-law and now senior White House adviser Jared Kushner received an investment of roughly $30 million ...
Family’s real estate company received a subpoena from the SEC, and separately questions have been raised about his business dealings in Israel
Last year, the Guardian reported on an ev...
1,587 I-829 petition approvals in New York City Regional Center offerings have now enabled over 4,600 individuals to achieve permanent residency in the United States
The New York C...
The Wall Street Journal reports Kushner Companies received a subpoena in May 2017 asking for information on how the company uses the EB-5 program, the so-called "crack cocaine of real esta...
A Southern California attorney pleaded guilty Monday to running a scam that authorities say collected more than $50 million from wealthy Chinese investors seeking green cards.
Victoria Chan,...
Just one year, one month and a day after celebrating its official grand opening on Dec 3 last year, the Asian-themed Lucky Dragon Hotel and Casino temporarily closed all gaming and re...
Capt. Huy Ying Chen continues to appeal a Seattle judge's ruling that he violated the state Securities Act in a case involving the federal government's EB-5 immigrant investor program.
...
At the start of 2017, Lotus Capital Partners was in its infancy. It had no deals to speak of, no clients. Managing partner, Faisal Ashraf, had never worked as a financial advisor and neither ha...
Pair ordered to pay back millions in restitution to victims
Mexican investors seeking a path to the United States found themselves the victims of a multi-million-dollar Ponzi scheme tied to ...
EB-5 are terms that are written as Employment-based fifth preference visa in full. The EB-5 Program is a pilot program also referred to as the EB-5 Regional Center Program started in the year 1...
In a huge win for EB-5 regional centers, the USCIS Administrative Appeals Office (“AAO”) overturned a previous regional center termination order by the Immigrant Investor ...
Issuance represents 21st I-924 application approval for New York City Regional Center EB-5 project offerings
The New York City Regional Center ("NYCRC") is pleased to announce...
SLS Las Vegas, located on the Las Vegas Strip at West Sahara Avenue.
The Las Vegas hasn’t turned a profit since opening in 2014 and is on the ‘’verge of bankruptcy,’&...
Rendering of Extell’s Central Park Tower, JPMorgan’s Jamie Dimon and Gary Barnett
Gary Barnett celebrated the New Year the only way he knows how.
The Extell Development b...
US-based Organic Nutrition company backed by private equity plans to combine fish fed with insects and hydroponics at a new facility in Maine, reports Bangor Daily News.
The facility will be...
As the Trump administration considers tightening of visa regimes facilitating legal immigration to the US, the latest extension in deadline for the EB-5 visa has caused a renewed push for wealt...
The United States attorney's office in the Eastern District of New York has ed Deutsche Bank about getting a hold of records related to President Donald Trump's son-i...
Federal investigators are looking into the business dealings of special White House adviser Jared Kushner's former company.
According to the Wall Street Journal, federal prosecutor...
Federal prosecutors reportedly subpoenaed Deutsche Bank for records pertaining to Kushner Companies, the family-run business of White House senior adviser and President Trump’s son-in-law...
The possible rehab of the Jefferson Arms, viewed from Tucker Boulevard, into a hotel, retail and apartments.
Jefferson Arms rendering
A rendering of the proposed rehab of the Jeffer...
The Embassy Suites Hotel and Conference Center project is officially underway downtown, and the past mayor and current one says a host of people are responsible for making it a reality.
...
Ace Hotel in Manhattan
Projects mentioned in court filings include Manhattan’s Ace Hotel
A Los Angeles-based firm that specializes in deploying EB-5 capital allegedly shut an Atlant...
The effort to reopen the Balsams Resort has taken a “significant step forward on financing” with a request for a loan guarantee being filed with the state’s Business Fina...
An early 2018 groundbreaking is being eyed on the long-awaited project to turn a the Amerock/Ziock factory into a four-star, flagship hotel.
The final closing on the $76.5 million proje...
CEO Henry Liebman
Seattle, the city with the most cranes in the nation, can expect another busy year that will bring its own challenges.
Seattle's growth in 2018 will be driven ...
It’s been a tad slow at the Lucky Dragon, as this photo, shared through social media by a recent guest, clearly shows.
The Lucky Dragon on West Sahara Avenue, located just st...
In July 2012, former Mississippi Gov. Haley Barbour, left, and Terry McAuliffe, GreenTech Automotive’s chairman until 2012, listened to former President Bill Clinton during the unvei...
Gorman & Company’s $76.5 million plan to transform the dilapidated former Amerock facility downtown into a four-star Embassy Suites Hotel and Rockford Conference Center is i...
Fantini & Gorga announced the arrangement of a $5,020,000 loan to acquire and redevelop the property located at 222 Union Street in New Bedford, MA. The property is being converted from its...
Hotel Astor, in Miami Beach.
Hotel Astor is being sued by two former staff members and a former hotel management company.
An Art Deco hotel on vibrant Washington Avenue facing allegations...
Walton Westphalia Development Corporation (the “Corporation”) announces that it has received extensions from its senior lender and mezzanine lender in respect of certain loans outst...
Megan Shafritz (right), chief of the civil litigation division of the Vermont attorney general’s office, argues on behalf of the state in Vermont Superior Court in Hyde Park on Monday, sa...
Lily Guo and a rendering of 46-20 11th Street (Credit: Raymond Chan Architects)
Lily Guo, president of the American Regional Center for Entrepreneurs, a company that raises mo...
The votes have been tallied, and so it’s time to name the 2017 Building of the Year! The winning title belongs to no other than One Manhattan Square, the Lower East Side meets C...
Partner Martin Schwartz and associates Anthony De Yurre and Salome Bascunan represented Paramount Miami Worldcenter as the development secured $335 million in construction and mezzanine fi...
Sixty Chinese nationals who invested in the SLS Hotel & Casino Las Vegas are suing the casino resort, claiming that none of the promises made to them during its development phase ...
Having recently received federal permission to establish a new EB-5 center for soliciting foreign investment, Mount Snow administrators are wasting no time putting it to work.
The Great Nort...
A lawsuit brought by EB-5 investors claiming that a Canadian company “aided and abetted” an alleged fraud scheme at Jay Peak Resort may be clearing a big hurdle.
T...
Congress has extended for two weeks a controversial U.S. immigration program that has helped finance a number of luxury condo developments in the country as part of a stopgap budget.
...
The U.S. Securities and Exchange Commission on Friday slapped an immigration attorney and his law firm with a fraud lawsuit in California federal court, claiming that they didn’t disclose...
A group of Chinese investors are alleging The SLS Las Vegas hasn’t turned a profit since opening in 2014 and is on the verge of bankruptcy, according to a lawsuit filed in Los Angeles Cou...
County Executive Rushern L. Baker, III, members of the Gateways Art District, local and municipal officials and members of the Landex Development team gathered to celebrate the g...
Funding for the federal government runs out at midnight on Saturday, Dec. 9. We have been here before: the EB-5 Regional Center Program's ongoing authorization is dependent upon an extensio...
Hotel Astor
Miami Beach’s Hotel Astor appears to be struggling to stay afloat, as per the documents tied to recent lawsuits filed against the owner of this Art Deco-style property...
llustration: Courtesy Navyseum
Want to be a sailor for a day? In 2019, Chicagoans will be able to visit the Navyseum—a giant attraction made up of decommissioned naval equipment.
...
Vermont officials have agreed to disclose details of two legal contracts related to the EB-5 program.
In response to a public records appeal from the Burlington Free Press, state o...
Virginia Governor Terry McAuliffe and former Democratic presidential candidate Hillary Clinton's brother Anthony Rodham are facing a $17 million fraud lawsuit from Chinese investors in ...
The owner of a 6-acre swath of vacant land on the west side of Indio – once pegged to become a 120-room hotel – pleaded guilty to fraud and money laundering charges o...
State officials have declined to release details of a $10,000 emergency legal contract for the troubled EB-5 foreign investor program, arguing that the contract is relevant to on...
Moinan Group is on hunt for $3 billion in debt-equity deal for its project 3 Hudson Boulevard.
Reportedly Moinan hired JLL to lead the search for the financing package which includes $1.8 bi...
City officials say $200 million in private financing from foreign investors has been secured to const
ruct a massive entertainment hub here, a project that would ultimately become one of...
On the site of a shuttered Burger King in a long-neglected Northeast neighborhood, D.C. Mayor Muriel E. Bowser donned a hard hat and dug a shiny shovel into a pile of dirt. It was a groundbreak...
A "entrepreneurial" Rochester startup company has proposed a massive trash-burning incinerator in Seneca County.
The $365 million incinerator, which would burn up to 175 truckloads...
A Vermont ski resort operator has received federal approval to open a privately managed investment center that will help it get funding from non-Americans seeking U.S. residency.
Vermont Pub...
Richard Bassuk, Chief Executive Officer, and Drew Fletcher, President, of Greystone Bassuk, today announced the closing of a $30,000,000 construction loan with Bank Hapoalim USA on behalf of an...
Peak Resorts, Inc. a leading owner and operator of high-quality, individually branded U.S. ski resorts, announced today that United States Citizenship and Immigration Services (“USCI...
The place you stay when you visit a city can set the tone for your entire trip.
In my case, I'm typically on the lookout for a hotel that's within walking distance of attractions I&#...
Developer Jeffery Kozero wants to remake a swath of South Philadelphia’s Delaware River waterfront into Philadelphia’s version of Miami Beach. Imagine 10 to...
The state of Vermont is seeking a company to redact personal identifying information from hundreds of thousands of documents in its EB-5 investor fraud case against Jay Peak developers before r...
Federal regulators and the attorney for Jay Peak developer Ariel Quiros have failed to reach agreement on how much he should pay in penalties and damages in the largest EB-5 investor ...
The New York City Regional Center ("NYCRC") is pleased to announce that over 1,550 EB-5 investors have now received I-829 petition approvals in the company's project offerings.&nb...
The discussion of the EB-5 Immigrant Investor Program has been squarely focused on gridlock on reforms that have been dragging out for the past two years. But while Congress cont...
Dive Brief:
The Moinian Group officially broke ground Friday on the $2 billion, 53-story 3 Hudson Yards skyscraper project in Manhattan, according to Reuters, although foundation wor...
The Gateway Arts District, which encompasses Mount Rainier, Brentwood, North Brentwood and Hyattsville in Prince George’s County, was established by the county in 2001 to use the arts to ...
Renderings from FXFOWLE in recent months have pictured plans for The Moinian Group’s 3 Hudson Boulevard both with and without a spire. But now, plans for the project h...
The EB-5 visa program is a popular yet controversial investment visa program that may once again be in jeopardy. Under the EB-5 visa program, foreign nationals and their dependents are permitte...
From the very beginning, a year-round farmers market was envisioned to occupy the ground floor of the six-story apartments at 2900 Grand Ave.
Those plans were delayed with the legal troubles...
Developer Joseph Moinian aims to raise as much as $500 million of EB-5 funds -- contributions from foreign nationals in exchange for legal U.S. residency -- to help him build a $2 billion skysc...
Moinian Group on Friday broke ground on a 53-story tower in the burgeoning Hudson Yards district that is rapidly changing New York’s skyline in a more than $2 billion project the develope...
On Sept. 8, the EB-5 Regional Center visa program was extended by Congress, without any changes, until Dec. 8.
The EB-5 program provides a pathway to legal permanent residence to foreign nat...
Crews put finishing touches on a pump house that's part of the $30 million West Lake snowmaking project at Mount Snow.
PHOTO BY MIKE FAHER - REFORMER/VTDIGGER
Mount Snow has finis...
An alternative energy investment firm representing foreign investors sued the U.S. Citizenship and Immigration Services on Tuesday, claiming it has merely “spun its wheels” to delay...
Tribune Tavern, a restaurant in the base of the Oakland Tribune Tower that was opened in 2013 by dubious businessman Tom Henderson, has suddenly closed, the East Bay Express repo...
The Maryland attorney general is investigating one of the Kushner family's real estate businesses after media reports surfaced earlier this year about allegedly abusive debt collection prac...
The Roundy's location on 52nd Street in Kenosha, will see its soup production expanded as part of a proposed $19.2 million project. Dairy production will be moved to other facilities, accor...
As the noose tightens around H-1B visas, the EB-5 visas, which grant US citizenship within 18 months, are turning out to be the most favoured ones, though they come at a whopping cost of over ?...
A Lamoille County judge on Wednesday said a motion to place the Vermont EB-5 Regional Center into receivership was possibly unnecessary and perhaps unconstitutional.
Russell Barr o...
Hyatt Place Santa Cruz and American Lending Center (ALC) - a subsidiary of Regional Centers Holding Group - today welcome city and industry leadership to a reception celebrating the property&rs...
A group of EB-5 investors has asked a superior court judge to put the Vermont EB-5 Regional Center in receivership because the state has demonstrated that it cannot protect investors.
The mo...
With nearly two more months to go until the Atlantic hurricane season officially ends on November 30, its intensity is already unprecedented. Prior to 2017, two Category-4 hurricanes had never ...
Colombo & Hurd, PL is honored to be a sponsor of the Cannes International Emigration & Luxury Property Expo on October 26th and 27th, 2017. The Cannes Expo is the world’s lea...
USIS Group and Lincoln Stone Lawyers are organizing a sharing talk show to support potential investors to gain a profound insight into the EB-5 Immigrant Investor Program as well as the U.S. la...
Community bank approves loan for CERTUS Premier Memory Care Living, an assisted living facility to accommodate seniors suffering from Alzheimer's and dementia
First GREEN Bank, a lo...
SAIPAN – The proposed Saipan Globe Hotel in San Roque could bring in $52.2 million in tax benefits to the CNMI for the first five years of its operation, according to the project consulta...
Hundreds took to the street of downtown Santa Ana to protest the removal of DACA on Sept. 5, 2017 in Santa Ana, Calif.
The measures demanded by President Donald Trump to save the young...
Attorney General TJ Donovan.
The Vermont attorney general’s office is asking a judge to toss out a lawsuit that alleges the state was complicit in a scheme to defraud EB-5 investors.
...
Like Elsa, the Princess in Disney’s classic Frozen, once again the Securities and Exchange Commission (SEC) has utilized its power to freeze. In this case, the freezing of asset...
The wait is over. Thursday will be the official groundbreaking for Tacoma’s Town Center.
The launch of the $125 million project comes not long after the groundbreaking of an $85 m...
Investors are suing the state of Vermont for what they call failed oversight, collusion with Jay Peak Resort management and an eventual cover-up by officials who were supposed to keep tabs on a...
Coachella Valley home prices rose every month in the first half of 2017.
About 70 percent of the Indio Fashion Mall's storefronts are shuttered. Its two anchor tenants left years a...
More than 2,000 CanAm investors have had their received I-829 petitions approved by USCIS.
We really appreciate what you have done for us over the past years. With your help, we ha...
Immigration attorney to challenge in court the unlawful and arbitrary 10-year permanent residency regulation
Almost seven years ago, I arrived in SA as a 24-year-old unemployed university gr...
A De Pere businessman who defrauded a local bank has reached a plea agreement with federal prosecutors.
A federal grand jury indicted Ron Van Den Heuvel on 19 counts, alleging that he took p...
A rendering of the proposed International Village.
The Chinese Consulate in Chicago is denying that it was the funding source for a controversial trip to China for four city of Ypsilanti off...
Gov. Phil Scott should appoint a special prosecutor for the EB-5 fraud in the Northeast Kingdom involving Jay Peak and projects in Newport.
Federal investigators and the court system are alr...
Seattle is not the only Northwest city reaping the benefits of foreign investment. Tacoma, our neighbor to the south, is notably receiving foreign capital from Asia. Perhaps Tacoma’s Old ...
NREI interviewed several real estate experts on the implications of the policy.
President Donald Trump campaigned on the promise of reforming U.S. immigration policy. Last month, he an...
Mike Pieciak, commissioner of the Department of Financial Regulation.
Vermont officials are asking the federal government to reconsider a decision to immediately shutter the state-run EB-5 r...
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 i...
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 pro...
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 ...
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...
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 proje...
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 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...
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-...
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 Alab...
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 ...
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 Wisco...
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 revelat...
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...
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 A...
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 d...
A California lawyer and a former client in China who sued each other over a $500,000 real estate investment gone wrong and an EB-5 investor visa that never materialized saw their dispute dismis...
The Ypsilanti City Council is voting on Tuesday on plans for an estimated $300 million "international neighborhood" proposed by a Troy-based Chinese-American developer.
The project...
The program was extended through December 8, 2017, as part of the HR 601
The EB-5 visa program, which allows qualified foreign investors green cards, has been extended through December 8, 20...
Rep. Louis Luchini, D-Ellsworth, responds to the release by a political action committee of an analysis predicting more jobs and revenues if the casino is approved.
A leading oppon...
The controversial Thompson Education Center, or TEC, must complete an environmental impact statement, the Town Planning Board decided Wednesday evening.
The private international college is ...
The EB-5 immigration program has ballooned in size in recent years, and it is being closely followed by foreign investors. The program, which has existed for over a century, is an efficient met...
The new Burke Mountain Hotel & Conference Center, before the Q for Quiros was removed from all the signage for the new hotel, and from hotel rooms where the Q symbol was on e...
State Attorney General Marty Jackley took issue recently with a story written by reporter Bob Mercer about the no-prison sentence handed to Joop Bollen earlier this year. Bollen was i...
Harry Macklowe and 200 East 59th Street
At stake in the case is an estimated $2B fortune
With a $2 billion fortune at stake, attorneys for Harry Macklowe threw a few of his condomini...
Three elderly people were found dead inside The Rehabilitation Center at Hollywood Hills, five others died at Memorial Regional on Wednesday.
Hurricanes are thoughtless and violen...
Central Park Tower
The development boom that began to envelope the 57th Street corridor with One57’s rise is finally at peak frenzy. 220 Central Park South is nearing completion, 111 W...
The lead plaintiff was an investor in the Penthouse Suites project, part of the Hotel Jay.
A federal judge has given the green light for a proposed class-action investor fraud lawsuit ...
Opening weekend at Mount Snow Resort in West Dover on Nov. 27, 2015.
Mount Snow administrators have asked the federal government to "expwedite" approval of an independent...
On August 24, 2017, USCIS held a webinar on changes to Form I-924A.
The number of approved EB-5 regional centers has grown rapidly from less than a dozen a decade ago to more than 8351...
Signs at the entrance of Mount Snow in Dover advertise passes for the next season and the start of summer events.
Mount Snow administrators have asked the federal government to &ld...
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 la...
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 progra...
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...
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 thi...
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 empl...
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 t...
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 m...
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 ...
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 ...
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&rsq...
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...
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 su...
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...
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 no...
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...
The old Markham Hotel in downtown Gulfport will be developed under a franchise agreement with a major brand. The building, which has been empty since Hurricane Katrina in 2005, sits across from...
In early August, President Trump voiced support for a bill introduced earlier this year by Senators Tom Cotton (R-AR) and David Perdue (R-GA) to effectively overhaul the current immigration sys...
The Vermont Department of Financial Regulation issued its final report this week on the Vermont EB-5 Regional Center following a July settlement of the fraud case involving Jay Peak, Burke...
" A ski resort owner accused last year of massive fraud involving foreign investors' money will not contest the U.S. Securities and Exchange Commission charges against him.
...
An overly creative immigration lawyer, seeing the years-long backlog for EB-5 visas for the Chinese, has suggested using the immigration policy of a tiny island nation, Grenada, to maneuver aro...
Michael Goldberg explains a settlement with the financial firm Raymond James which will pay contractors and investors owed money in the Jay Peak and Burke Mountain EB-5 proj...
Work has progressed steadily on Mount Snow's West Lake snowmaking expansion project.
Despite Vermont's big problems with EB-5, the foreign investment program has led to maj...
The Tram Haus Lodge was Jay Peak's first EB-5 project. Foreign investors in that project eventually were unhappy with their return on investment, eventually leading to state and&n...
Related’s Hudson Yards development is one of the most impressive construction projects in the history of New York City, and an armada of cranes currently dominates the Midtown W...
Michael Goldberg, court-appointed receiver in Vermont’s EB-5 investment fraud.
More than 130 EB-5 investors in a proposed $110 million biomedical research facility in N...
West Lake is Mount Snow's new snowmaking pond.
Resort officials at Mount Snow say the new snowmaking system is the biggest in the East.
"Snowmaking is all about how mu...
ProPublica, the national investigative news outlet, produces the Breakthrough, a podcast where investigative reporters talk about their biggest stories. On Friday, VTDigger’s Anne Gallowa...
Councilman Vincent Gray, D-Ward 7, at the Skyland site this summer.
The flattened field at the proposed Skyland Town Center in D.C. will remain fallow for a while longer.
Develo...
In case you missed it, the USCIS Ombudsman Annual Report, 2017, reveals some astounding information about EB-5 China backlogs: recent applicants may face waits of 10 years or longer t...
For a quarter-century, the EB-5 visa program has helped finance economic development projects across America, sparking job growth and business investment in cities, suburbs and rural regions th...
This week, U.S. President Donald Trump endorsed a bill (a revised version of the RAISE Act) that seeks to reduce levels of legal immigration to the United States by 50%. The legislation would c...
Ariel Quiros at a groundbreaking in Newport in May 2015.
Former attorneys for Jay Peak owner Ariel Quiros are renewing their push to get paid more than $3 million in legal fees th...
30 Morningside Drive and Michael Shah
Firm plans to convert five-building complex into 205 upscale rentals
Israeli road show veteran Micheal Shah raised $52 million in a bond issuanc...
New York Wheel: Limited construction continues
If the New York Wheel never comes to fruition, foreign investors who put up $206 million for the project will be denied their green cards.
T...
A judge has ruled that, for now, defrauded EB-5 investors in a class action lawsuit against the state cannot take the deposition of a key whistleblower in the case.
Lamoille County Superior ...
The $900 million Echelon Seaport project on Seaport Boulevard will feature luxury condos and apartments. Above: the site in May.
It was the type of celebration that’s become ...
Jared Kushner (left) and Joshua Kushner.
Federal prosecutors are investigating the real estate firm owned by the family of Jared Kushner, President Donald Trump's son-in-law and senior a...
Developer Lobsang Dargey was sentenced Friday for conspiracy to commit wire fraud and concealing information from the federal government, charges that stemmed from his diversion of mi...
Upbeat about India's potential, the United States Immigration Fund (USIF), the largest EB-5 fund raiser in the world, has announced the launch of its country based operations. USI...
Federal prosecutors have reportedly subpoenaed Kushner Companies, the real-estate business owned by White House senior adviser Jared Kushner’s family, over its use of an investment-for-vi...
Caffe Primo on Flower Street in Downtown Los Angeles
He pocketed roughly $10M from foreign investors
Fans of the local food chain Caffe Primo have been fed a lot of false promises &m...
Apartments, condos, entertainment, dining and shopping are taking root at the Point Ruston mixed-use development, near Point Defiance Park. Will an ambitious Asian Pacific Cultural Ce...
Construction on these condo units at State Side at Jay Peak Resort stopped in April 2016 when the EB-5 scandal became public. Work resumed this year.
Jay Peak Resort Expands ...
Ariel Quiros will head to mediation with the SEC in December, at his attorneys' office, the two sides agreed to in federal court in recent days.
SEC Continues to Try to Na...
New York Wheel, the long awaited Staten Island attraction, faces yet another major impediment. Last week, the project’s developer fired its design and construction team, Mammoet-Starneth,...
With news agog both the print and social media last week of an American who duped some Nigerians on the pretext of assisting them to acquire the EB-5 visa, I compelled myself to articulate this...
NES Financial, the leading EB-5 service provider, announced Arnstein & Lehr, LLP as an official Medallion Solution Partner.
Medallion Solution Partners provide EB-5 best practi...
Lobsang Dargey, shortly after he bought the Everett Public Market building at the corner of Grand Ave and Claifornia Street, 2006.
In August 2014, four Buddhist monks chanted in a dimly-lit ...
Cary Glickstein, left, answers questions from attorney Henry Handler regarding Palm House and his position as the court-appointed receiver at the Palm Beach County Courthouse Friday J...
Rendering of the New York Wheel
Investors will have trouble getting green cards if project remains unfinished, experts say
Staten Island’s embattled New York Wheel recently hit...
Valley Cities CEO Ken Taylor proudly displays a ‘sold’ sign for the property that was to house the Woodmont Recovery Center.
Two years after 250 angry parents filled a school gym...
The former All American Plaza has been vacant for almost a decade, but officials hope a new agreement with an undisclosed developer will put a 100-bed hotel and conference center on the site as...
1,417 I-829 petition approvals in New York City Regional Center offerings have now enabled over 4,059 individuals to achieve permanent residency in the United States
The New York C...
Paul Quinn College has long been a beacon of hope for its students and the surrounding Highland Hills neighborhood, one of many investment-poor areas of southern Dallas. To strengthen this hist...
Company to provide best-in-class Fund Administration to EB-5 Capital Redeployment Solution
NES Financial, the leading provider of institutional quality EB-5 administration solutions, announc...
Sherry Li, a Long Island businesswoman who once proposed a sprawling Chinese Disneyland in the Catskill Mountains, is far from a prominent figure in national politics.
But she and a business...
Officials in Mississippi are demanding that an electric car company founded by current Virginia Gov. Terry McAuliffe repay more than $6 million in public funds.
In a report released on July ...
Project Utilizes EB-5 Foreign Financing and is Employing Non-Jersey City Residents
Today, the Northeast Regional Council of Carpenters (NRCC) will begin a campaign to raise awareness for the...
The biggest donations given to Trump Victory and Trump Make America Great Again came from donors with limited histories of giving to Trump.
Donald Trump’s campaign operation raised nea...
A Mississippi official investigating the activities of an electric car company created by Virginia Gov. Terry McAuliffe has found that the company did not come close to creating the 350 jobs it...
Bradley Snyder and Gar Lippincott are principals in Tampa-based Atlantic American Partners, a firm that provides foreigners the opportunity to obtain citizenship through job...
A FRESHDIRECT DISTRIBUTION CENTER.
Sterling National Bank has provided a $50 million mortgage to FreshDirect for its corporate headquarters and distribution center at 2 St. Ann&rsq...
Despite gains under Obamacare, roughly 800, 000 Arizonans do not have health care coverage. Insurance companies are tweaking policies in an effort to get those people to enroll.
Breaking ran...
The EB-5 visa program has become a major source of real estate financing nationwide, and in particular for large real estate development projects in New York City such as Hudson Yards ...
Michael Goldberg at a Statehouse news conference in April.
Lawyers with a stake in the massive fraud case involving Northeast Kingdom projects have revised their proposal for divvying ...
When it comes to massive residential projects in Queens, Long Island City has a fairly solid monopoly on the largest buildings. But as Astoria sees its own wave of new developments, it too is s...
A sign advertises a Holiday Inn Resort to be built at Centennial Plaza in Gulfport. Virginia attorney Robert Lubin, who also proposes building a casino at the Gulfport Harbor and restoring...
Gary Barnett and a rendering of Central Park Tower at 217 West 57th Street
The priciest unit is a $95M penthouse with a pool, but what's not for sale is even more interesting
...
The site of the One Journal Square luxury apartment project in Jersey City, N.J., in May 2017.
Until he stepped aside from his real estate business to become a senior White House a...
On Thursday, June 29, 2017, in the closely-watched EB-5 case SEC v. Feng, No. 2:15-cv-09420 (C.D. CA, filed December 7, 2015), a U.S. district court in California affirmed the authority of the&...
Being related to President Trump is not a blessing in Jersey City.
ntil he stepped aside from his real estate business to become a senior White House aide, developer Jared Kushner was a majo...
CBDs of Nearly Every Major American City Filled With Sounds of Construction as Huge Mixed-Use Projects Move from Drawing Board to Construction Phase
It's good job security to be a crane ...
Ariel Quiros at the opening of Jay Peak Resort’s Stateside Hotel in December 2013.
A federal judge is facing dueling filings over what defenses Jay Peak owner Ariel Quiros c...
On June 30, USCIS released its Annual Report 2017 to Congress on matters relating to its mission – “aiding applicants and sponsors applying for immigration benefits and id...
A federal judge has given final approval for a nearly $150 million settlement by the financial services firm linked to the largest fraud case in the federal EB-5 immigrant investment program&rs...
Work on new apartments at the Market Centre at First and Market will get underway this fall.
It may not look like much has happened in the two years since a Virginia partners...
The public interest is well served by the flexibility granted to EB-5 investors and their American partners to operate and make investment decisions within the parameters of the program. U...
NES Financial announced today that it has been selected by EB-5 Florida Hotels and Investments Regional Center to provide its full suite of Intelligent EB-5 Administration Soluti...
Today, Invest in the USA, the national not-for-profit trade association of the EB-5 Regional Center industry, sent a letter to the U.S. Citizenship & Immigration Services (USCIS)&...
In early March, the two elder statesman of the Senate Judiciary Committee ventured across the Capitol to the House of Representatives.
They were there testify about the many problems with th...
The first objection has been raised to a proposed $150 million settlement with a financial services firm linked to the EB-5 immigrant investor scandal that played out in Vermont’s Northea...
Many of the 110 foreign investors who provided the bulk of Green Valley Hospital's initial financing are nervous as the facility regroups in the midst of its bankruptcy proceeding.
...
Another Chicago real estate developer who raised money through a controversial federal visa program is facing charges that he cheated overseas investors in his projects.
The Securities ...
A development group with plans for a $500 million senior housing pipeline now is embroiled in a lawsuit with the Securities and Exchange Commission (SEC), which is alleging that the develo...
The founder of EB-5 Global Ventures, Micol Mion continues to expand her consultancy business and earn favors from thousands of investors around the world. As a parent company of EB-5 Global Ven...
A Chicago-based immigration attorney was hit with a U.S. Securities and Exchange Commissionlawsuit Thursday accusing him of funneling some of the nearly $89 million he collected from EB-5 ...
More than 200 people showed at the GVR West Center on Tuesday for an update from CEO John Matuska on Green Valley Hospital's financial health as it navigates the bankruptcy process. Th...
CanAm’s President and CEO, Tom Rosenfeld, published the below letter to investors and industry professionals correcting USCIS’ errors in reporting CanAm’s track...
Turns out the dichroic glass design for the proposed Tacoma Convention Center Hotel was too polarizing.
The city’s Landmarks and Preservation Commission approved a new design...
On June 19, 2017, USCIS published a list of approvals and denials for Form I-526 [link] and Form I-829 [link] performance based on Regional Center, ranging from January 1, 2014 to May...
China’s real estate developers have left home for Australia, Europe and the US, but that doesn’t mean that they’ve left their funding partners behind.
Chinese financial ins...
A contractor pulls equipment in front of a new high rise condominium and office buildings under construction in the Brickell neighborhood of Miami, Florida, U.S., on Friday, Sept. 30, 2016. Dev...
Dive Brief:
Developers for the 94-story, $1 billion Vista Tower in Chicago have secured a $700 million construction loan, the largest real estate-related financing deal in the city...
Perhaps no figure embodies the bizarre state of US politics better than Jared Kushner.
With Trump's victory in November, the bland and unremarkable 36-year-old real estate tycoon went fr...
Ties to the White House may ultimately help the Kushner Cos, but recent trouble in a New Jersey city suggests they can hurt a bit, too.
The real estate firm owned by the family of Jared Kush...
"PBS NewsHour'' took viewers on a tour of Jersey City last night with the help of Jersey Journal reporter Terrence McDonald as it looked into the continuing controversy of the Kush...
On June 14, 2016, USCIS released a Policy Alert indicating that it is seeking input on revisions to the USCIS Policy Manual on job creation and capital at risk requirement for investo...
A Jay Peak investor is suing the state over allegations that officials covered up a $200 million Ponzi-like scheme in which more than 800 EB-5 immigrant investors were defrauded.
In the civi...
One Journal Square, a Kushner Company Skyscraper planned in Jersey City, stands to lose a $6.5 million annual tax credit. As reported by WNYC, the mixed-use luxury housing, office and retail sp...
The real estate firm owned by the family of Jared Kushner has withdrawn a request for a big tax break for one its buildings in Jersey City, New Jersey, the latest setback for the company in the...
After months of delays in securing its EB-5 funding, Mount Snow is finally moving ahead with a $52 million upgrade.
Company officials broke ground this week on a $22 million ski lo...
A new 38,000-square-foot base lodge is officially becoming part of the landscape at Mount Snow's all terrain-park face Carinthia.
"This day has finally come," said Dick Deutsch...
Members of Congress from both parties are investigating whether Kushner Companies’ EB-5 fundraising activities constitute securities fraud.
As has been widely reported, Kushner Compani...
The Financial Industry Regulatory Authority said Wednesday that a hearing panel had barred a California-based representative for taking part in securities transactions, having found t...
Three prominent Democratic lawmakers pressed the Kushner Companies on Thursday for more details about the corporation’s dealings with the EB-5 investor program, citing reports that Presid...
The Kushner family real estate company is seeking a $250 million loan to pay back Chinese investors in a New Jersey luxury tower but finding some major U.S. banks wary of the controversies arou...
Opening up reports about groups that administer state and federal funds could help avert scandals like Gear Up and EB-5, lawmakers said Tuesday.
Sen. Deb Peters, R-Hartford, said she'd l...
Trump's Paris withdrawal puts Bannon in front row
The probes have come increasingly close to Trump's inner circle, with investigators requesting documents from Trump's campaign a...
Ariel Quiros at a groundbreaking for a project in Vermont in May 2015.
The owner of Jay Peak ski resort facing investor fraud allegations is engaged in an increasingly bitter disp...
Jared Kushner, President Donald Trump's son-in-law and senior advisor, took advantage of a federal program aimed at helping low-income communities to build a 50-story luxe residential tower...
As we head into the summer, there is no certainty that we will see changes to the EB-5 Program. Lawmakers may simply not act, which may result in EB-5 being included in Continuing Resolutions a...
NES Financial announced today that it has been selected by Golden Opportunity Regional Center to provide its institutional quality EB-5 administration solution for the Regional C...
Three Democratic lawmakers are seeking answers from the real estate company owned by the family of President Trump's son-in-law and senior adviser Jared Kushner over its use of a program de...
Murray Kushner, the uncle of President Donald Trump’s son-in-law and senior adviser Jared Kushner, has reportedly used Trump's status as president to pitch real estate to Chinese inve...
Among the flurry of articles surrounding President Donald Trump’s adviser and son-in-law Jared Kushner, one of the less headline-grabbing stories centers on some of Kushner’s more u...
The developer behind the Westphalia Town Center is advancing the project on multiple fronts despite the recent receipt of a potential default notice tied to more than $34 million in m...
U.S. Senator Chuck Grassley (R-Iowa) is calling on the U.S. Department of Homeland Security, as well as the Securities and Exchange Commission, to investigate potentially fraudul...
The chairman of the Senate Judiciary Committee has called for an investigation into “potentially fraudulent statements and misrepresentations” made by companies promoting investment...
President Donald Trump defended his son-in-law Jared Kushner on Sunday as reports on Kushner’s contacts with Russian officials piled up and his clout in the White House reportedly began t...
United States Attorney’s Office prosecutors filed nine lawsuits Thursday seeking the seizure of real estate properties across Southern California allegedly purchased with millions in proc...
President Trump kept the government open recently by signing a $1.1 trillion appropriations bill, and tucked into that 1,665-page monstrosity was one paragraph that enables wealthy foreigners t...
And the pitch came with a sweetener: Meyer talked about the Kushner family, including her brother who holds a powerful position in the White House as senior adviser to President Trump. The comp...
Six Chinese investors have won visa approval through the EB-5 program, ending litigation in which they said the Department of Homeland Security failed to acknowledge that their investments in a...
Revelations that the sister of Jared Kushner, President Donald Trump's son-in-law and adviser, promoted a program offering a path to USA citizenship to Chinese backers in a Kushner family p...
Jared Kushner, President Donald Trump’s son-in-law, has held onto about 90 percent of his real estate investments even as he serves as a top White House adviser, according to a Washington...
We use old-fashioned reporting methods at VTDigger: We ask for public records to get at the truth. State officials sometimes obfuscate, spin or simply refuse to answer questions.
VTDigger re...
Kushner Companies said Monday that the name drop at the event in Beijing on Saturday was not meant to be an "attempt to lure investors" to one of its projects in New Jersey. As the Po...
The EB-5 Regional Center program is being extended through the balance of the fiscal year through September 30, 2017 as is; what we call a “clean extension.” I’m on the ...
A handful of SC charter schools — finally in new school buildings — are poised to pay out millions in taxpayer dollars to middlemen, developers and foreign investors who want green ...
At a glitzy Beijing Ritz-Carlton event earlier this month, Jared Kushner’s sister, Nicole Kushner Meyer, urged potential investors to secure their EB-5 visa promptly before its loosey-goo...
The EB-5 Investment Program is bigger than any one company or project; the most important part of the immigrant visa program is creating jobs for Americans. I’ve worked with EB-5 for near...
Kushner Companies did not take part in a roadshow to promote the company’s One Journal Square project this weekend, due to backlash over its pitch to Chinese EB-5 investors, reports ...
While Jared Kushner's family may have fled China in disgrace, that doesn't mean that Kushner Companies has halted its efforts at securing Chinese investment for its latest building proj...
When the sister of President Donald Trump's son-in-law Jared Kushner promoted investment in her family's new skyscraper from a Beijing hotel ballroom stage earlier this month, she was p...
A California federal judge has denied a bid by two companies to ditch a U.S. Securities and Exchange Commission suit accusing a businessman of misappropriating funds raised through th...
China dominates issuance
The graph below illustrates the unrivaled dominance of investors from mainland China when it comes to EB-5 visas granted in the US. This also explains why Kushner Co...
Changes to a controversial visa program under consideration by the Trump administration could hurt a real estate project partially owned by the family of White House adviser Jared Kushner, the ...
The sister of White House adviser Jared Kushner on Thursday pulled out of the family company’s scheduled weekend presentation to potential Chinese investors amid growing criticism that sh...
NPR's Robert Siegel talks with Steve Yale-Loehr, professor of immigration law practice at Cornell University, about changes he thinks Congress should make to the EB-5 "investment ...
It’s sometimes called the “golden visa,” the obscure immigration program for big investors that burst into the headlines this week in the wake of stories on the family of Whit...
White House senior adviser Jared Kushner's family business is courting wealthy Chinese to buy stakes in real estate through a controversial government programme that offers US residency in ...
What is the EB-5 Visa?
The EB-5 program allows entrepreneurs and their families to apply for green cards (permanent residence) if they 1) make the necessary investment in a commercial enterp...
Federal regulators are asking a U.S. judge to assist them in obtaining the testimony of two top executives at the Canadian company that sold Jay Peak ski resort to a Miami businessman who now f...
For half a century, the U.S.-China relationship was almost exclusively the purview of political and business elites: Henry Kissinger scheming with an aging Mao Zedong; CEOs salivating over a bi...
The man running Jay Peak Resort has asked a town board to forgive a tax penalty.
The resort missed an October tax payment deadline and a one-time 8 percent late payment penalty was added to ...
From 2014 to 215 the number of rich South Africans applying for US investment visas more than doubled. Most are considering the benefits and advantages of having an exit plan during economic an...
Later this week, the US Congress is likely to extend the EB-5 visa program, which allows qualified foreign investors to get green cards and pathway to citizenship, for another six months. Since...
A controversial visa program, known as the EB-5, which allows wealthy foreign nationals to promise significant domestic investments in trade for Green Cards has been extended in the latest spen...
Congress is poised to extend the EB-5 regional center program through September 30, 2017, without any changes. Here is how we got to this point:
On April 28, 2017, the U.S. Congress passed a...
Demand for US investment visas by wealthy South Africans has more than doubled.
Data released last week showed that South African demand for US EB-5 visas, which allow people to obtain a gre...
The new ombudsman for the United States Citizenship and Immigration Services was a longtime top executive at a group that actively lobbies for the elimination of the EB-5 program.
...
The EB-5 visa program – dubbed the "Golden Visa" program – was set to expire on Friday (April 28), but will now be on the chopping block this week.
The controversial vi...
Walton Westphalia Development Corporation (the ?Corporation) announced today its results for the fiscal year ended December 31, 2016 and fourth quarter of 2016. Launched in March 2012, the Corp...
Jay Peak Resort is reporting a big bounce-back year, buoyed by increased snowfall and the shedding of costs associated with operating an EB-5 immigrant investment program that led to fraud char...
Congress on Friday extended for a week the EB-5 immigration program, a way for rich foreigners to obtain green cards through investment in the United States, according to U.S. Citizenship ...
The original plan was to attract foreign investment to blighted neighborhoods. But instead, the controversial EB-5 investor visa enabled affluent Chinese to park their cash in high-end real est...
One of the key men behind Idaho’s controversial overture to Chinese investors in 2007 agreed to pay back $5 million in investors’ funds that the Securities and Exchange Commiss...
Congress must act quickly to save the EB-5 program, the golden goose that has encouraged foreign investors to plow hundreds of millions into major development projects in Cleveland, such as the...
Raymond James Financial announced record quarterly net revenue of $1.1 billion in its private client group, up 23 percent over the prior year quarter. Yet, the unit’s pre-tax income ...
Fresh on the heels of Raymond James Financial’s $150 million dollar settlement with Jay Peak Resort, owner Ariel Quiros has responded to related allegations.
Quiros sti...
As the first 100 days of the Donald Trump presidency draw to a close, it has already become clear that US immigration reform is a priority.
During his first weeks in office, Trump’s ex...
The process of obtaining public records in Vermont is a maze of inconsistent standards and incomprehensible rulings. That's the view of many journalists and advocates who seek such document...
According to information released by the United States Citizenship and Immigration Services (USCIS), South African demand for US EB-5 visas has more than doubled since 2014.
The EB-5 in...
Sen. Chuck Grassley is launching his own inquiry into an allegedly fraudulent EB-5 investor center, requesting more information Thursday from the U.S. Department of Homeland Security ...
A California federal judge ruled on Thursday that a husband and wife netted in an EB-5 investor scheme must pay back nearly $27 million that they owe investors for planning a cancer treatment c...
A federal immigration program lets rich foreign families come to the United States and stay, as long as they invest $500,000 in job-creating economic development and pass background checks.
...
EB-5 Industry’s First Comprehensive Analysis of Targeted Employment Area Reform Proposals Seeks to Educate and Inform Policy Discussions
Earlier this month, Invest in the USA (IIU...
In recent feedback on potential reforms, the U.S. government got an earful against a proposal to raise the minimum contributions for the EB-5 immigrant investor program along with suggestions o...
The U.S. Securities and Exchange Commission has urged a California federal judge not to allow two companies to ditch its suit accusing a businessman of misappropriating funds raised t...
Now that he has been in office for 100 days, Vermont Governor Phil Scott held a press conference this morning to outline what he sees as his successes so far.
Vermont’s Republican Gove...
Vermont Natural Resources Board officials are giving Mount Snow an extra year to finish a snow-making upgrade fueled by $30 million in EB-5 foreign investment.
The West Lake Water Proje...
The United States Citizenship and Immigration Services (“USCIS”) has begun to issue I-526 Petition approval for EB-5 investors who invested in The Grange at Linden –...
Now that he has been in office for 100 days, Vermont Governor Phil Scott held a press conference this morning to outline what he sees as his successes so far.
Vermont’s Republican Gove...
Raymond James Financial, a financial services company, has reached a $150 million settlement to resolve all investor claims that the firm engaged in a fraudulent scheme related to the federal E...
A visa broker who partnered with Jared Kushner to recruit Chinese investment for a Trump-branded tower also directed one of America’s worst charities.
Florida businessman Nicholas...
The EB-5 investor-visa program saw its largest-ever settlement last week — $150 million in the Jay Peak ski resort case — and the receiver for that matter, Akerman LLP's Mi...
Newport residents were expecting a “game changer.”
Instead, they have a chasm in the heart of this Northeast Kingdom city’s downtown, a visible reminder of dashed hopes for...
On April 5, 2017, federal authorities raided a business run by a California attorney and her father that is suspected of orchestrating a $50 million EB-5 visa scheme. According to the court fil...
Raymond James Financial Inc. agreed to pay $150 million to settle a Miami federal class action brought by more than 850 EB-5 investors in the Jay Peak project.
The St. Petersburg-based ...
A new lawsuit claims the former owner of Jay Peak Resort knowingly participated in fraud when a Miami businessman bought the property in 2008.
The U.S. government has said the businessman,&n...
Two EB-5 investors are alleging that a Canadian company “aided and abetted” the alleged fraud at Jay Peak Resort.
The investors are suing Saint Sauveur Valley Resorts Inc. for kn...
It’s a paint-by-numbers approach to defrauding real estate investors.
Federal agencies raided the homes and office of a California attorney and her father Wednesday, amid an investigat...
Remember when the United States Department of State, Bureau for International Narcotics and Law Enforcement Affairs released the March 2017 International Narcotics Control Strategy Report (INCS...
Agents served search warrants at an office located at the Hilton, 225 West Valley Boulevard in San Gabriel, a home in a gated community in the 700 block of Carriage House Drive in Arcadia, anot...
Prosecutors accuse a California father-and-daughter team, based in the San Gabriel Valley, of running a $50 million EB-5 visa fraud scheme that helped fugitive criminals land U.S. residency.
...
With the main part of the EB-5 (immigrant investor) program about to sunset on April 28, its defenders are facing yet another scam, at the $50 million level, in which Chinese-Americans fleeced ...
A Florida federal judge denied a request by Jay Peak resort owner Ariel Quiros’ former attorneys to intervene in a $350 million EB-5 visa suit against Quiros, finding Thursday it wou...
Federal agents on Wednesday executed search warrants at several sites in greater Los Angeles that the authorities say were connected to a $50 million visa fraud operation that enabled Chinese c...
Developers of an outlet mall just two hours south of San Antonio found a handy source of cash — wealthy investors from China.
The Outlets at Corpus Christi Bay in Robstown opened its d...
A father and daughter duo allegedly helped obtain visas for Chinese nationals, including people on that country’s “100 Most Wanted” fugitive list, by defrauding a U.S. program...
Federal authorities raided a Los Angeles-area business on Wednesday that the FBI suspects of orchestrating a $50 million visa fraud scheme.
Filings in federal court allege that the Cali...
Reforms to the EB-5 Immigrant Investor program is a can that Congress has been kicking down the road for the past two years. Despite growing optimism that comprehensive changes will be introduc...
Sentencing for Lobsang Dargey, the local developer who in January pleaded guilty to two felony charges related to raising money from Chinese investors, has been postponed until June. The h...
An airport operator in Stowe is pulling out of an agreement with the Vermont EB-5 Regional Center.
Stowe Aviation had planned to use EB-5 immigrant investor funding, along with other pr...
The Legislature is at an impasse trying to decide whether to establish and adequately fund a statewide ethics commission that has real enforcement capability. There’s been considerable fa...
With U.S. Citizenship and Immigration Services gearing up for new audits of regional centers used in the EB-5 visa program, it’s crucial that centers are properly tracking inves...
Bentley Zhao’s New Empire Real Estate Development filed an offering plan for a 56-unit condominium at 2128 Ocean Avenue in Sheepshead Bay, an application with the New York State Attorney ...
Jay Peak resort owner Ariel Quiros has asked to swap out his counsel in the U.S. Securities and Exchange Commission's $350 million EB-5 visa suit against him, requesting a Fl...
In a call to Israeli bondholders Wednesday, Extell Development’s Gary Barnett reported that his firm had secured $168 million in EB-5 funds for Central Park Tower, the supertall cond...
Within 30 days, tens of thousands of American jobs and many of the country’s largest real estate projects, including those in Miami, will be in serious jeopardy if Congress votes to elimi...
Greenberg Traurig promoted Jennifer Hermansky to shareholder in the business immigration and compliance practice.
Hermansky focuses her immigration practice on both employment...
An Illinois federal judge ruled for the government Tuesday in the case of an Iranian EB-5 investor who sued after U.S. Citizenship and Immigration Services declined to remove conditio...
The president of the firm that developed the Taconic Hotel in Manchester village has been indicted on federal bank fraud charges involving incidents allegedly occurring in Florida fro...
A window of opportunity for South Africans wanting to immigrate to the US will likely close in the next few months, Los Angeles-based Bernard Wolfsdorf has warned in an interview with...
Congress in the coming weeks will address what to do with the EB-5 visa program, which will expire at the end of April if not extended or made permanent, and lawyers say a host of unknowns &mda...
Wealthy Chinese citizens may soon have to pony up a lot more money to qualify for a U.S. investor visa, and they are rushing to move funds into stateside real estate projects before Congress ra...
A former state official who oversaw the Vermont EB-5 Regional Center amid the Jay Peak scandal has been named the president of Vermont Technical College.
Patricia Moulton stepped d...
Prospective investors are already having trouble moving capital out of the country
As Congress debates raising the minimum investment from $500,000 to $1.35 million, potential investors in C...
As members of Congress in Washington debate raising the minimum required to obtain a US immigrant investor visa from US$500,000 to US$1.35 million, concern about the rise has set off a scramble...
I wanted to write to express my thoughts after I attended the March 13 Rockford City Council meeting. Having recently retired this was my first City Council meeting. I was interested in the dis...
A crucial requirement of the EB-5 Program is that each individual demonstrate by a preponderance of evidence that the monies invested in a new commercial enterprise were derived from a lawful s...
Chanticleer Holdings, Inc. (NASDAQ: HOTR) („Chanticleer,” or the „Company”), owner, operator and franchisor of multiple branded restaurants in the U.S. and abroad, today...
South Dakota government officials will be allowed to keep their controversial immigrant-investor center alive, at least for now, and have received some rare recognition of the center’s su...
The U.S. Securities and Exchange Commission has urged the Central District of California to rule against a husband and wife facing allegations that they misappropriated the bulk of $2...
U.S. Citizenship and Immigration Services on Tuesday unveiled the start of an EB-5 regional center audit program, which will involve audit teams examining documents and interviewing staffe...
The U.S. Securities and Exchange Commission has shot back at a bid by an attorney to toss accusations that he stole $9.6 million from foreigners participating in the EB-5 immigrant in...
Construction of the Paramount Miami Worldcenter was propelled forward with the help of a Bilzin Sumberg legal team.
Partner Martin A. Schwartz and associates Anthony De Yurre and S...
The Donald has complained bitterly about immigrants and the American immigration system, but there's a Trump building in Jersey City built with funds secured through a controversial governm...
The emerging partnership between the Kushner Companies and the Chinese insurer Anbang regarding the 666 Fifth Avenue tower in Midtown Manhattan includes a huge payout to Kushner, run by the fam...
In the weeks and months after Nov. 8, Donald Trump’s door always seemed open. Old friends and celebrities walked in and out of his namesake tower in Manhattan or hobnobbed with him at his...
Ariel Quiros, left, whispers to Gov. Peter Shumlin at a press conference at Jay Peak Resort.
Former Gov. Peter Shumlin, on at least two occasions, used a luxury Fifth Avenue ...
The EB-5 (immigrant investor) program took two body blows, neither well publicized, earlier this week, after taking a drubbing in a House Judiciary Committee hearing last week.
This week&rsq...
President Trump’s travel ban is likely to have a knock-on effect to the United States EB5 investment visa, say international property professionals.
EB-5 participants must invest $1mil...
The 2017 legislative session, more than any other in the last couple of decades, was a clear display of just how bad things have become when it comes to politics in our state. It boils down to ...
Ski resort operator Peak Resorts, Inc. has released results for its fiscal third quarter and nine months ended January 31, 2017.
Third-quarter results, which include New York&rsquo...
Court records show that Caffe Primo, which in October 2015 moved into the lower State Street space formerly occupied by the Pierre LaFond Wine Bistro, closed this January immediately after...
The Brooklyn Navy Yard is a lynchpin of the borough’s cutting-edge Tech Triangle, but there are many elements of the 300-acre campus that are decidedly turn-of-the-century &ndas...
Dive Brief:
A U.S. congressman has introduced a bill that would terminate the EB-5 foreign investment visa program, according to Bisnow .
U.S. Rep. Steve King, R-IA, in...
The U.S. Securities and Exchange Commission on Wednesday accused a Washington, D.C.-based development company and its president of using the EB-5 immigrant investor program to scam fo...
China’s Anbang Insurance Group plans to arrange $4 billion in construction loans and invest $400 million in equity for a Manhattan office tower at 666 Fifth Avenue owned by Kushner Compan...
The Scott administration will “expedite” release of records pertaining to EB-5 projects that are at the center of the largest fraud case in the state’s history.
Last month,...
U.S. Rep. Steve King, an Iowa Republican who has made immigration crackdowns one of his signature issues, has introduced a bill to scrap the embattled EB-5 investor program amid attempts to ref...
Undaunted by last year’s protracted, costly EB-5 experience, Mount Snow executives are forging ahead with the foreign-investment program – and they apparently intend to do...
A D.C. federal court partly sided with a group of foreign nationals challenging a decision that rejected their petitions under the EB-5 visa program, finding Friday that some aspects of U....
After a somewhat turbulent couple of months under President Trump, the world has been awash with worries about what the next four years might hold. Little wonder then that news of amendments to...
At the first House Judiciary Committee hearing on immigration since Congress reconvened in January, the subject was not President Trump’s executive orders or recent deportation crackdowns...
Members of the U.S. House Committee on the Judiciary expressed support during a hearing on Wednesday for efforts to increase the minimum investment needed to participate in the EB-5 immigrant i...
A Washington federal judge on Wednesday approved a $3 million plan to save a restaurant and retail development backed by Chinese investors seeking EB-5 visas whose future was unclear ...
Since 2015, we here at Crunched Credit have tracked, followed and discussed the developments (or lack thereof) concerning the Immigration Investor Program, more commonly known as the &ldqu...
Miami's luxury condominium market may be lagging in sales, but construction financing is still flowing for projects already underway.
Paramount Miami Worldcenter, a 60-story tower with o...
California-based Aemetis Inc., an advanced renewable fuels and biochemicals company, today announced its financial results for the three and twelve months ended December 31. The company, operat...
The new American President Donald Trump wants to limit the migration of China's super rich to the U.S., specifically the granting of the so-called "golden visa" or the EB-5 visa.
...
Embattled real estate developer Lobsang Dargey has dropped his fight against a federal lawsuit accusing him of defrauding investors and misusing their money.
The proposed settlemen...
China’s super rich have for years been leaving the country and bringing their families and wealth with them. The number one choice of destination to migrate, normally via high-rolling inv...
NMS Capital Realty Advisors, LLC (“NMSRA” or “Firm”), the real estate private equity and advisory division of NMS Capital Group, a global focused investment and pri...
It’s a very interesting offer here, it’s the launch of the new Surf Club Four Seasons Hotel Fund, and it’s really tailored towards high net worth earners in South Africa seeki...
In the Northeast Kingdom Newport is a community that continues to look for economic boosts. It's also a place with ties to several failed EB-5 plans. But now, things are trendin...
Golden Harbor Casino Resort & Spa has met its requirement to show $40 million in funding by Feb. 28 and submitted plans with the city for a proposed casino, high-rise hotel, parking garage ...
Wealthy Arabs are rushing to sign up for a U.S. program offering investors green cards for cash as they try to beat a crackdown on immigration by President Trump.
Three companies in Dubai of...
During the last six years, we’ve seen the executive branch involved in accusing a conservative legislator of threatening to kill other legislators to ruin his reputation for complaining a...
Mississippi Coast Entertainment, a limited partnership, has raised the $40 million needed to satisfy city leaders that a casino project is moving forward for the city’s harbor.
Robert ...
Victor Group and Lendlease can forge ahead with their condominium project at 281 Fifth Avenuefollowing a new $369 million debt and equity injection.
The companies landed $100 million in...
The head of a visa-investor operation in South Dakota pleaded guilty to illegally diverting funds, giving another black eye to the scandal-plagued EB-5 immigration program.
Watchdog.org repo...
Work is to begin this spring on the proposed Aloft Hotel in the 90-year-old Chattanooga Bank Building, the project's builder said Thursday.
"There's a lot of work to be done cle...
If lawmakers take no action soon, the EB-5 Visa program could face extinction, as after April 28, the temporary extension that’s keeping the program alive will expire. The merits of ...
A would-be suburban hotel developer was sentenced to three years in prison and ordered to pay $8.84 million in restitution for exploiting immigration laws and fraudulently raising money from Ch...
Jay Peak resort owner Ariel Quiros hit back Wednesday against the U.S. Security and Exchange Commission’s bid to strike his affirmative defenses in a $350 million EB-5...
"It's a little terrifying, " she says reluctant to talk to us and not comfortable giving us her name.
She was born here, but her parents came from Honduras 30 years ago, with n...
Investments in Turkey mobilized by the Turkish American Business Association (TABA/AmCham) in the first quarter of 2017 are expected to reach $350 million, the head of the association said on W...
A Former Chicago developer was sentenced to three years in federal prison Tuesday for fraudulently raising nearly $160 million from Chinese nationals to fund a failed hotel andconvention center...
It is now widely understood that EB-5 capital raises involve securities that must be registered with the Securities Exchange Commission (SEC) unless the securities are offered pursuant to a val...
A Chicago hotel developer was sentenced today to three years in prison for exploiting a federal visa program to fraudulently raise capital from Chinese nationals who were seeking residency in t...
In recent years, the national economy has experienced several ups and downs, encouraging many individuals worldwide to turn to the American real estate market for a stable and profitable invest...
The price of a U.S. Green Card held steady for the past 27 years at $500,000 USD, under an investment immigration program known as EB-5. That will almost certainly change this year, when the U....
The Good: The EB-5 Investment Program has contributed to economic development across South Dakota from electric power generation to wind energy to the Dakota Provisions Turkey Plant. ...
On Wednesday, Vermont Governor Phil Scott released records long-sought by journalists investigating the state’s role in massive EB-5 developments in the Northeast Kingdom. Ariel Quir...
While our attention has been drawn to various immigration initiatives by the new White House, and the attacks thereon, a lot of things have been happening rather quietly in the world of the EB-...
After a lawsuit and months of delay, state officials released new records Wednesday related to Vermont’s oversight of the federal EB-5 foreign investment program, which was allegedly abus...
An insurance company is firing back at Jay Peak owner Ariel Quiros, disputing his claim that it has to fund his defense that tops $2 million as he fights off investor fraud lawsuits.
An...
When the EB-5 visa program debuted in 1992, members of Congress said it would spur job growth and whip up a significant amount of capital investment from overseas. But despite vigorou...
The Scott administration on Wednesday released communications sought by VTDigger in a lawsuit between the state and the federal government regarding a massive development at Jay Peak Resort, wh...
USCIS recently published a statistics report on the impact of the EB-5 Program for the fiscal years 2012 and 2013, which can be downloaded on the Economics and Statistics Administration&rs...
The recent bills on H1B visa workers and the EB5 programme have sent jitters across the board, especially to those who have been waiting to live the great American dream.
People who wa...
Just before President Obama left office, the Department of Homeland Security proposed some serious rule changes to the EB-5 visa program, which awards green cards to foreign nationals investing...
Last fall in the November elections, Initiated Measure 22 was on our state ballot. More than 180,000 South Dakota voters passed this measure hoping to remove the secrecy that has surr...
Greystone, a private real estate lending, investment and advisory company, today announced its EB-5 practice has received Regional Center approval for the Northeastern United States from theU. ...
The only man ever charged with a crime in connection with South Dakota’s EB-5 scandal has accepted a plea deal that will allow him to avoid spending a day in jail.
It really is no...
The huge infrastructure project in question is the approximately 2,000-mile-long wall along the United States’ southern border with Mexico. This project has been estimated to cost somewhe...
Michael Goldberg blends in with the patrons at Hotel Jay, near the Canadian border, dressed in jeans, hiking shoes and a grey North Face fleece jacket.
But unlike the skiers filtering in and...
VTDigger has agreed to dismiss its lawsuit against the state for Jay Peak Resort records after the Vermont Attorney General’s office released documents and provided information about why ...
In the 1990s, the government created a new program for foreign investors to put money into American real estate in exchange for the opportunity to live in the country. The program intended the ...
Punishment for Joop Bollen in the EB-5 Scandal could have been tougher under terms of a bill State Attorney General Marty Jackley wants the State Legislature to approve.
Bollen too...
It will be more than a year before Jay Peak owner Ariel Quiros stands trial in federal court on allegations that he orchestrated a “Ponzi-like” scheme to defraud immigrant...
This week the only man ever charged with a crime in connection with South Dakota’s EB-5 scandal accepted a plea deal that will allow him to avoid spending a day in jail.
It really...
Greetings from Pierre. IM-22 was officially repealed last week. Although the measure is repealed, the fight for ethics reform continues. Appropriations held hearings with the Board of Regents. ...
Federal regulators say that to protect assets and help investors recoup millions lost in Jay Peak developments, they won’t ask for any penalties against entities now overseen by a court-a...
At Saturday's legislative crackerbarrel on the School of Mines campus, the audience asked legislators if the republican caucus along with the governor will appoint a task force to propose l...
Two United States senators have introduced legislation to end a controversial visa program popular with Chinese investors that gives out green cards in exchange for investments in American busi...
There's a new leader for Vermont's chief law enforcement office. Investigative reporter Jennifer Costa sat down with T.J. Donovan to find out what you can expect from Vermont's...
The state Senate has approved a bill targeting potential public corruption that would impose new criminal conflict-of-interest penalties for public officials.
The chamber voted unanimously T...
The man who once ran South Dakota's scandal-ridden investment-for-visa program was sentenced Wednesday to probation and a fine after reaching an agreement with prosecutors in the high-profi...
Joop Bollen took a plea deal that results in no jail, but a $2,000 fine and two years probation.
"As a further condition of the plea agreement, Mr. Bollen agreed to cooperate with ...
North Atlantic Regional Center is delighted to announce the beginning of construction on Bank Street Lofts. The project is located within 45 minutes of Manhattan, and is close to Princeton...
The Vermont legislature is at an impasse trying to decide whether to establish and fund a statewide Ethics Commission. There has been considerable favorable testimony by Vermonters, e...
As one of the primary architects behind Initiated Measure 22, Rick Weiland has seen his measure come under attack by many members of the South Dakota government, including from Gov. D...
A group of bipartisan South Dakota lawmakers is sponsoring a resolution calling on Attorney General Marty Jackley to appoint a special prosecutor for the EB-5 and GEAR UP scandals.
...
The proposed 170 percent steep rise in the investment required to get Green Card under EB-5 visa has surprised many aspirants in Qatar who are looking to get permanent residence in the US.
T...
Following the December 9, 2016 extension of the EB-5 Regional Center Program until April 28, 2017, there have been additional developments from an administrative, legislative and practical stan...
From the shuttered lobby of the 102-year-old Hotel Kaskaskia, Nathan Watson began ascending a stairwell.
He stopped between the fifth and sixth floors, looked out a window and pointed t...
The controversial EB-5 program, which issues green cards to "alien entrepreneurs" who invest in projects that create at least 10 full-time jobs, faces more uncertainty with a new admi...
He points to efforts by South Dakota lawmakers to repeal a ballot initiative, passed by voters in November.
Since, it has had a bumpy road.
Nearly immediately after it was appro...
The USCIS published a new version of the Form I-9 on November 14, 2016. Employers must begin using the new version, dated November 14, 2016, by January 22, 2017. Employers must stop u...
On Jan. 24, 2017, Senators Grassley (R-IA) and Feinstein (D-CA), the Chair and Ranking Committee members of the Senate Judiciary Committee introduced bill S. 232 to terminat...
A federal judge will let Jay Peak owner Ariel Quiros sell his New York City luxury condo, but he won’t let him keep the proceeds, at least not right now.
Instead, the funds w...
The EB-5 developer of a $24 million, Miami airport hotel broke ground on Thursday with plans to close an $8 million construction loan in July.
The hotel, at 3450 Northwest 25th Street, is th...
Murtha Cullina LLP is pleased to expand its business services through its new Immigration Practice Group, due to the additions of Partner and Portland resident Dana R. Bucin and Assoc...
Scott Pruitt, President Donald Trump's pick to lead the Environmental Protection Agency (EPA), has discussed eliminating what he describes as "unnecessary EPA regulations." Conseq...
Dale E. Percy Inc., Mike’s Electric and VHC Co. Inc. are not recognizable business names throughout Vermont. Nor are they in businesses that garner a great deal of attention – notab...
This week, GANDSInvestors team members Jonathan Grode and Matthew Galati submitted a comment to USCIS’ Proposed Rule for International Entrepreneurs. A full copy of our comment is pu...
Dale E. Percy, Inc., Mike's Electric, and VHC Company, Inc., are not recognizable business names throughout Vermont. Nor are they in businesses that garner a great deal of attention - notab...
The federal receiver for Jay Peak and Burke Mountain resorts filed a motion this week in U.S. District Court asking that nearly $18 million in escrowed funds be returned to investors ...
On Jan. 13, 2017, the Department of Homeland Security (DHS) published proposed rules entitled, “EB-5 Immigrant Investor Program Modernization.” The proposed regulations include prio...
At the request of U.S. Citizenship and Immigration Services (USCIS), the Economics and Statistics Administration (ESA) of the Department of Commerce conducted an assessment of the EB-5 Pro...
A mere week before Donald Trump’s inauguration as president of the United States, the Department of Homeland Security (DHS) added fuel to the fire of political uncertainty by proposing a ...
The Securities and Exchange Commission today announced fraud charges against an Oakland, Calif.-based businessman accused of misusing money he raised from investors through the EB-5 immigr...
Miami’s maturing millennial scene is attracting hotels brands that cater to the experience-focused traveler.
One of those brands, Radisson RED, breaks ground Thursday on its third...
The inauguration of Donald Trump as President of the United States in a few days is not only impacting the American political landscape, but has also sparked a cabinet shuffle in Canada. ...
A Florida shopping center that says Ariel Quiros owes $86,721 in back rent for his now-shuttered Key Biscayne restaurant has received approval to throw him out.
Quiros, facing stat...
More than 400 foreign investors whose quest for U.S. residency was derailed when they were defrauded by the developers of Jay Peak may soon get some relief.
The U.S. Department of Homeland S...
Today, January 13, the Department of Homeland Security (DHS) will expand upon the notice of proposed rulemaking released on January 11, 2017 by publishing a Notice of Proposed Rulemaking in the...
Vermont’s first new attorney general since 1997, TJ Dovovan, was sworn into office last week.
VPR spoke with Donovan about his plans and priorities now that he’s in office.
Th...
Palm House, a condo-hotel project that has been mired in lawsuits and financial trouble, was granted a one-year extension to find financing or sell to a new owner.
The Palm Beach Town ...
Shilan Zhao, the ex-wife of Jianjun Qiao, the third most-wanted government official in China, will give up about $28 million of her assets in the San Gabriel Valley and other U.S. regions after...
Virginia attorney Robert Lubin announced plans a year ago to build a $140 million casino resort at the harbor. The project will go to the Gulfport Planning Commission on Jan. 26 for a...
A New York real-estate developer is playing a central role in blocking a bipartisan plan to overhaul a controversial immigration program that gives green cards to foreign investors.
Related ...
Related Companies doesn’t want the EB-5 program to change and has spent more than $1.4 million in an effort to see that it doesn’t.
The developer has lobbied against propose...
Jared Kushner, Donald Trump’s son-in-law, is all but running foreign policy during Trump’s transition to the Oval Office, while also serving as CEO of his family business and doing ...
At first blush, Lobsang Dargey seemed to epitomize the American dream.
The 43-year-old former monk, who married the sister of tennis legend Andre Agassi, arrived in the United Stat...
The California Court of Appeal decided the case of Beach Break Equities, LLC v. Martin Lowell on Nov. 22, 2016, and released it for publication on Dec. 14, 2016. The case exemplifies the uncert...
PALM BEACH, Fla., Jan. 6, 2017 /PRNewswire/ -- On December 30th, 2016, the Circuit Court of the 15th Judicial Circuit in Palm Beach has granted the receiver, who has been paid for by South...
The Chinese government has enacted new rules severely limiting foreign currency transfers out of China. The scope of the limitations are not clear but the Xinhua News Agency reported that Chine...
The receiver for Jay Peak Resort will offer partial payment to contractors left with unpaid bills in the wake of one of the biggest cases involving fraud allegations in the history of the feder...
Ariel Quiros, who is accused of masterminding a $200 million fraud at Jay Peak, has formally denied the allegations against him filed by the U.S. Securities and Exchange Commission.
Qui...
The Securities and Exchange Commission has charged an Orange County-based attorney with defrauding Chinese investors and using their money to buy a yacht and prop up his other businesses.
...
The Securities and Exchange Commission today charged a California-based attorney with defrauding investors seeking to participate in the EB-5 immigrant investor program, stealing their mon...
The AnC Bio Inc. offices in Seoul.
SEOUL — The scene is of a workday interrupted. An empty coffee cup sits on a desk with papers, power cords and cables strewn about. An exec...
Joop Bollen's defense attorney is looking to have criminal charges dismissed and says transactions identified by the state as improper were not made from an EB-5 indemnification account.
...
Bill Stenger, the former CEO of Jay Peak, penned his own filing defending himself against fraud allegations brought by investors in a series of projects he headed with his former business partn...
PHI Group, a U.S. diversified holding company focusing on acquisitions and investments in special situations (www.phiglobal.com); (OTCMarkets:PHIL), has formed a subsidiary “Abundant Farm...
NMS Capital Advisors, LLC (“NMS”) a leading global focused investment banking firm, announced today that it has been engaged as the Financial Advisor and Broker Dealer in conne...
There's a huge new construction project that developers are calling the biggest skyscraper between Seattle and Tacoma.
The city of Tukwila hopes it’s new skyscraper signifies the s...
Burke Mountain Academy.
Burke Mountain Resort has reached an agreement to become an “Official U.S. Ski Team Development Site,” the first of its kind in the country.
...
Today marks just over a month since Donald Trump was elected as the next President of the United States. As each cabinet appointment is announced, we get more clues to help us predict which dir...
Attorney Mikki Canton speaks at the City of Miami City Hall in 2012.
At a time when many are decrying the end of civility, a Miami attorney has launched a proposal to per...
Contentious statements around immigration reform have been a key part of the unexpected ascension of Donald Trump as president-elect of the US. While Trump has focused his energies on trying to...
On December 9, 2016, as part of federal spending legislation, the EB-5 Regional Center Program received a short-term extension through April 28, 2017. The Program has been similarly extended, w...
E3iG CEO Matt Gordon publishes latest editions of the EB-5 Book, the leading legal treatise on the EB-5 immigrant investor program.
E3iG, headquartered in New York, announced ...
The Amerock building on sunday, May 2015, in downtown Rockford.
Financing delays will force city officials to negotiate a new agreement for the transformation of a 13-story factory into...
Ocugen, Inc., a biopharmaceutical company developing treatments for sight-threatening diseases, today announced that it has closed a $6 million round of Series A funding, including $1 million i...
Another CanAm Project Receives Approval from USCIS CanAm Enterprises (CanAm) is pleased to announce that its 48th EB-5 project – LA BioMed –received I-924 e...
Former Key West Used Car Salesman Joe Walsh and his Sidekick Ryan Black are attempting to take control of Palm House with no actual money, just a promise that someone will have a look for the m...
The EB-5 Regional Center Program has been extended through April 28, 2017, following the passage of a continuing resolution (CR) by Congress that narrowly avoided a government shutdown.
The ...
Mount Snow resort in Dover.
After a long wait, Mount Snow has gained access to $52 million in foreign investment funding and will move forward with two major improvement projects,...
On December 9, 2016, President Obama signed the “Continuing Resolution” passed by Congress to extend funding of the federal government until April 28, 2017, by which time it is expe...
A Center Harbor man and his one-time employer faced each other in court on Tuesday after their parting left such hard feelings on both side that each filed a lawsuit.
Keith Fitzgerald claims...
Jay Peak’s tram.
A cable mishap last week on Jay Peak’s iconic tram won’t delay it from opening as planned later this month, the resort’s general manager said T...
We’re hearing a lot these days about “draining the swamp” of Washington corruption but as every serious student of crime and punishment knows, the swamp is not one, but many. ...
Prepared Senate Floor Statement by Senator Chuck Grassley of Iowa
Chairman, Senate Judiciary Committee
EB-5 Regional Center Program Reforms
Thursday, December 08, 2016
Mr. Presi...
Four attorneys from global law firm Greenberg Traurig, LLP were recognized as Law360 2016 MVPs. In addition, Greenberg Traurig was recognized as one of only seven firms to have four a...
Ariel Quiros and Bill Stenger promised to save Jay Peak ski resort and the struggling economy around it. That’s not what happened at all.
A receiver was appoin...
Gov. Peter Shumlin, Jay Peak CEO Bill Stenger, Ariel Quiros, the owner of Jay Peak, and his son Ary Quiros at a ribbon cutting.
Attorneys in a class-action lawsuit against Ja...
Congress is to vote Friday on extending the EB-5 program, which grants foreign investors permanent residence for the right price. In the minds of local experts and developers who rely on it, an...
China'based Anbang Insurance bought the Waldorf Astoria in 2014.
Rumor has it that China is going to clamp down on outbound investment. What does it mean for the billions of do...
A South Florida developer is planning three new hotels in the West U.S. 192 corridor, part of growing development pressure on Disney World’s west side.
Hollywood-based AD1 Global is pr...
Trump Bay could soon become a focal point of the incoming administration’s unresolved family business conflicts.
Critics say Trump Bay Street, now leasing apartments at $3,100 a m...
The deadline for deciding the future of the EB-5 Visa program is fast approaching. Congress has until Dec. 9 either to terminate the 26-year specialized immigration project; continue it the way...
Donald Trump won the White House in part on a promise to rewrite the rules of global trade, stemming the flow of foreigners coming to the United States and blue-collar jobs flowing out.
But ...
On Nov. 8, South Dakota voters faced 10 ballot measures. They said “yes” on four of them. I hoped they might also approve Amendment T, independent redistricting, and Amend...
Investors in a lawsuit who claim they were defrauded by Jay Peak’s owner Ariel Quiros say they want to look at the financial records of those close to him.
Attorneys for inve...
Rendering of the Doral DoubleTree by Hilton
Developers said project's total value is roughly $26 million
With construction well underway at their Hilton-branded hotel in Doral, p...
Ambitious Indian American’s plea deal rejected.
Anshoo Sethi, an over ambitious Indian American man who dreamed of building a $900 million hotel and convention complex near O...
Just after Christmas, construction work will begin to erect a ramp from Commerce Street up to parking garage levels underneath Tacoma's Convention and Trade Center. By next March, work...
Partners putting up more than $1B in equity in UWS waterfront project
Despite a tight lending market, the developers of the recently rebranded Waterline Square on the Upper West Si...
He was a twenty-something wannabe developer, the son of immigrants from India, and he dreamed of building a $900 million hotel and convention complex near O’Hare Airport.
He assembled ...
The Lucky Dragon Hotel and Casino on the Las Vegas Strip is now in “soft opening” mode, prior to its grand opening on 3 December 2016. It will be the first addition to the Neva...
Michael Goldberg, left, the receiver for the Jay Peak and Burke ski areas, and Gov. Peter Shumlin.
The receiver for two troubled ski resorts in the Northeast Kingdo...
Hawaii Ocean Plaza condo-hotel coming to Ala Moana-Kakaako area
Chinese investors plan to build a 407-unit condominium-hotel high-rise tower near Ala Moana Center in Honolulu.
Hawaii City...
Steve Wright, Jay Peak’s general manager, looks out toward the slopes last week. The resort plans to open Friday.
Steve Wright’s office space didn’t change, but his role at...
More Than One Thousand and Four Hundred Investors Were Fully Repaid to Date
CanAm Enterprises LLC (“CanAm”) is pleased to announce that its 30th EB-5 Partnership L...
Bill Stenger, Ariel Quiros and Peter Shumlin at a ribbon cutting.
The state of Vermont has released heavily redacted records to VTDigger in response to a request for docu...
An Asian-themed property catering to Chinese gamblers and guests has become the first new casino-hotel to open in nearly six years along the Las Vegas Strip.
The Lucky Dragon Hotel and ...
A federal judge has issued a scathing ruling against Jay Peak developer Ariel Quiros, agreeing preliminarily with federal regulators that the Miami businessman was the mastermind behind th...
Purpose-built technology provides a distinctive advantage for EB-5 offering
NES Financial announced today that its Intelligent EB-5 Solution Suite has been selected by NY EB5 Fund for t...
George Pataki and Nick Mastroianni
Proponents of the program are confident it will be renewed, though changes are expected
The legislative fate of EB-5 may still be up in the air, bu...
The proposed One Big Sky Center would include the tallest building in Montana. The Billings City Council approved a pre-development memorandum of understanding with the developers dur...
Developer is facing two suits for defaulting on loans and rent
Dermot Company, the developer behind the long-mired redevelopment of the Battery Maritime Building in Lower Manhattan...
U.S. Sen. Patrick Leahy, D-Vt., speaks to a crowd Monday morning at Brattleboro American Legion Post 5.
U.S. Sen. Patrick Leahy is again gearing up to push for EB-5 reforms through the ...
Suit says EB-5 investments were ‘pillaged’ for personal use and defendants are using legal system to cover up actions.
A lawsuit alleges that the Palm House condominium-hote...
A company that provided financing for a Deadwood, South Dakota hotel and casino is trying to recover $32.5 million loaned to a group of developers whose company hasn’t paid back...
A group of Chinese investors has filed a lawsuit against a businessman accused of massive fraud involving foreign investors' money in northern Vermont developments.
Each of the 31 invest...
Mark I. Davies, Global Chairman of Davies & Associates, LLC said, “Donald Trump’s win in the Presidential Elections will be beneficial for EB-5 visa applicants.
Dav...
This article provides an initial analysis and a section-by-section summary of a draft EB-5 reform bill released by U.S. Representative Bob Goodlatte, chair of the House Judiciary Committee. The...
Immigrant workers and foreign investment are key pieces to the U.S. and Tennessee economies. As of 2010, immigrant workers earned a whopping $1.1 trillion nationally. Roughly 200,000 were worki...
The EB-5 program has been operating under temporary reauthorizations since late 2015, but could be on the agenda for the post-election lame duck session of Congress. At a minimum we anticipate ...
Attorney Roberto Villasante set to go to trial on behalf of eight foreign investors in EB-5 Immigrant Investor Program case against Raymond James Financial Services, Inc. and others after ...
Westphalia Town Center, courtesy of the Walton Group of Cos.
The 310-acre Westphalia Town Center will ultimately feature residential, retail, office and hotel space.
Walton Westphal...
Jay Peak: Tram Haus Lodge
Attorneys for Ariel Quiros are pushing to have a class-action lawsuit against their client tossed out, in part, because they say claims of investor fraud ...
Gov. Peter Shumlin and Pat Moulton, who was then secretary of commerce and community development, at an event in Brattleboro in July.
The Vermont chapter of the American Civil Lib...
From guest rooms to the tea sommelier, Lucky Dragon is designed form the ground up for Asian customers.
Lucky Dragon will be the Strip’s first new-from-the-ground-up ca...
Boosted by Terry McAuliffe, the Mississippi car plant is close to a state loan default.
James Watts, 54, talks outside his home in Tunica, Mississippi, about his efforts to land work at ...
250 East Houston Street
Employees at 250 East Houston were reportedly told to accept much lower pay or leave
Doormen and maintenance workers at the Red Square rental complex in the East V...
A rendering of Metropica and developer Joseph Kavana
City approved 370,000 sf of retail, 345 apartments, 240-room hotel and 140,000 sf of office
Metropica secured approval for t...
The Lucky Dragon Hotel & Casino, set to open Dec. 3, is billing itself as Las Vegas’ first Asian-themed resort.
Casino operators know there are no gamblers quite like the Chin...
MontDevCo LLC development principals Greg Tatham, center left, Skip Ahern, center, and Burke McHugh, right, stand at a press conference announcing plans for One Big Sky center at Mead...
EVEN Hotel Miami Airport – rendering
Hospitality giant InterContinental Hotels Group (IHG) is bringing the first EVEN-branded hotel property in the Miami area.
IHG and its part...
Dave MacGillivray of St. Paul, Minn. based Springsted, a public sector advisory firm hired by the city to review the One Big Sky Center proposal, tells the Billings City Council on Mo...
Rendering of EVEN Hotel in Miami.
190-room hotel broke ground last week, also tapping EB-5 investors for construction
IHG’s new wellness-oriented brand is headed for...
Supporters of the illegal immigration enforcement law rallied at the state Capitol in Phoenix.
While the overall issue of immigration is highly controversial and emotional, I’ve ...
Scott Milne at his campaign launch for U.S. Senate on Sept. 10, 2016.
Seven-term US Sen. Patrick Leahy had already scheduled a press event at the Burlington High School one r...
A proposed hotel project in Austin has managed to touch both the rough-and-tumble White House race and a contentious visa program that provides a pathway to citizenship for foreign investors.
...
The October 24 and 25 AILA EB-5 Investors Summit: Representing EB-5 Investors and Regional Centers in a Time of Upheaval will feature expert EB-5 team members and government represent...
Hollywood-based MG3 Developer Group recently closed on a $30 million loan for a charter school site in western Delray Beach. But it wasn’t loan from a traditional bank – i...
An innovative hotel, created with wellness at its core is coming to Miami.
InterContinental Hotels Group newest lifestyle brand, EVEN® Hotels, has broken ground in the city of Miami...
Members of the SEC litigation team bring documents to the U.S. Federal Court South Florida District.
A federal judge will allow Ariel Quiros to use a small fraction of the pr...
As a candidate for re- election to the Vermont House of Representatives (Orleans-2) here are some things you should know about me and where I stand on some of the important issues.
Born in N...
U.S. Federal Court South Florida District.
A federal judge has approved a $13.3 million settlement between a court-appointed receiver overseeing properties at the center of the largest...
A List Partners Management closed on a $3,300,000.00 loan for the acquisition of three tracts of land totaling 24,238 square feet at 900-906 E Cesar Chavez, Austin, Texas, 78702. The buyer...
Burke McHugh talks to NextGen business leaders in Billings on Tuesday. McHugh was on video conference call from Denver.
A new brewery, movie theater and bowling alley would be likely pieces ...
Two new hotels planned near SeaWorld Orlando could bring in firsts for the Central Florida market — including one that is so new, it's still a prototype flag.
Miramar-based Ri...
EB-5 investors put $75 million into the Hotel Jay projects, which included a five-story hotel, water park, golf and nordic center and ice arena. The developers solicited an additional $32 ...
Federal regulators suing Ariel Quiros say he is “quickly squandering” funds from investors he allegedly defrauded by asking a judge to allow him to unfreeze assets to pay ...
Former Mayor Richard M. Daley,. seen here in May 2015.
Former Mayor Richard M. Daley and his son are aiming to cash in on a federal program that offers green cards to wealthy foreigner...
Many of the mainland China born EB-5 investors recently noticed that they no longer had access to the National Visa Center (NVC) online platform for the purposes of immigrant visa fee bill paym...
Avora rises on the Weehawken waterfront.
The former railyard on the Weehawken waterfront has slowly blossomed into a new neighborhood, complete with upscale residential buildings,...
A wealthy immigrant hoping to capitalize on U.S. policy of giving permanent legal resident status to people who invest at least $500,000 in commercial enterprises claims to have lost out on tha...
Hillary Rodham Clinton’s brother’s EB-5 regional center was finally, and appropriately, terminated by the Department of Homeland Security on September 29.
These centers (there ar...
The Trapp Family Lodge made its mark as a place for travelers to stay while dining on fine cuisine in an upscale Austrian-flavored restaurant. Founded by the singing von Trapp family ...
The Global Hospitality Group® of Jeffer Mangels Butler & Mitchell LLP is pleased to announce the recent closing of two hotel deals for their clients, Great Wolf Resorts and Wu...
The EB-5 immigrant investor program is now playing a minor role in the presidential primaries; the two apparent leaders, Donald Trump and Hillary Clinton, have ties to the program, though the o...
Alejandro Mayorkas, former head of U.S. Citizenship and Immigration Services, speaks at a Department of Homeland Security event.
Deputy Homeland Security Secretary Alejandro Mayorkas &...
Virginia Gov. Terry McAuliffe’s (D) GreenTech saga has kept CRC busy over the years. By the look of this week’s news, that story isn’t ending soon.
The Department...
There are three cases that Worthless Willie Sorrell, Vermont AG won’t investigate because, among other reasons, they involve three of Vermont’s most prominent politicians, and/or th...
Mount Snow can’t access $52 million in foreign investment money because of an ongoing federal review of Vermont’s EB-5 Regional Center, a resort executive claims.
Timot...
A feature story in Bloomberg Businessweek tells the story of an immigrant– Pedro Brito from Brazil — and his investment in AnC Bio Vermont, a proposed biomedical center in Newp...
Congress thought it extended the EB-5 visa program at the end of September — but did it?
A letter from the Congressional Research Service, which serves as a research arm for Congress, ...
Both the Department of Homeland Security and the Office of Government Ethics have refused to fully pursue an ethics investigation against Democratic nominee Hillary Clinton’s brother, Ton...
Exceptional team of immigration specialists to help you in the legal process
The United States immigration process is complicated and difficult. There are a multitude of immigration programs...
Chanticleer Holdings Inc (NASDAQ:HOTR) insider has recently participated in insider trading activity. CEO, Chairman, Pruitt Michael D bought 400 shares for $232 via one transaction Sep 28. Foll...
Congress extended the EB-5 visa program on Wednesday night, allowing the program to run until December.
The program, which grants foreign investors green cards after they invest at lea...
Congress granted a short-term reprieve this week to a visa program that benefits immigrants who invest in U.S. businesses, but that extension came without any reforms critics say are necessary ...
September 28, both the House and Senate have approved short-term federal spending legislation that contains an extension for the EB-5 Regional Center Program. The legislation extends the ...
A major New York City EB-5 regional center has filed suit against entities affiliated with Dermot Company for allegedly failing to pay interest on $77 million in loans granted for its planned r...
On Sept. 30, the U.S. Senate is set to extend the EB-5 visa program, which offers residency to wealthy foreigners (and their families) if they invest in job-creating development projects, with ...
Prior to launching LCR Capital Partners (LCR), Suresh served as President and Chief Executive Officer of Java Nova LLC, a private equity funded franchisee of Dunkin Donuts. An experie...
U.S. Senate Candidate Scott Milne today asked Senator Leahy to answer questions in light of the developing web of impropriety surrounding the EB-5 scandal.
At a press conference in South Bur...
U.S. Senate Candidate Scott Milne today asked Senator Leahy to answer questions in light of the developing web of impropriety surrounding the EB-5 scandal.
At a press conference in South Bur...
Construction on the $135 million redevelopment of the iconic Coco Palms Resort on Kauai is expected to start in January, Pacific Business News has learned.
Coco Palms Hui, hea...
"The EB-5 investor immigrant program that is popular with Chinese is expected to get a temporary extension when Congress acts on legislation to fund the operation of the US government unti...
On his first day as a city of Miami commissioner, a middle-aged Spanish-language radio host with dark, gray-streaked hair was called into an impromptu meeting in the mayor’s second floor ...
The controversial "green card through investment" visas that helped fund Orlando City's Soccer Stadium, and many other projects in the United States, are catching fire to fin...
Senator Patrick Leahy (D-Vermont) and Senator Charles Grassley (R-Iowa) spoke back-to-back on the Senate Floor Thursday morning, as the EB-5 reform issue goes down to the wi...
Some people on the South Dakota Board of Education want to write a new mission statement.
The reason is obvious.
They want to show they weren’t responsible for the stealing, followe...
Two top Republican committee chairmen are investigating an interagency panel that advised the federal government to shut down a controversial investor visa program that expires in October.
S...
Jennifer Hermansky and Ana C. Montalbán from global law firm Greenberg Traurig, LLP were named to Legal Intelligencer’s 2016 ‘Top Women in Law.’ Accordin...
The federal receiver in charge of the assets of the Northeast Kingdom Economic Development Initiative wants to protect contractors and subcontractors in the collapsed AnC Bio project.
A...
America’s EB-5 investor visa program that gives permanent US residency to foreigners who invest at least $500,000 is set to expire on September 30, with no clear path for the program&rsqu...
Proposed EB-5 reform measures didn’t get very far before stalling in Congress.
The reform package provides for increased financial oversight of projects as well as some relief for inve...
As part of its bid to grab overseas investment dollars, the Metropica development team recently held a training event for the EB-5 program that allows foreign nationals to reside in t...
South Florida By The Numbers” is a web feature that catalogues the most notable, quirky and surprising real estate statistics.
It is the hottest investment source in South Florida real...
Los restaurantes dirigidos por chefs en la Florida recurren cada vez más al capital extranjero para financiar la expansión de sus conceptos.
Chefs y operadores de restaurantes ...
The federal receiver overseeing Jay Peak Resort and other developments at the heart of the biggest alleged fraud case in the state’s history says recent purchase offers are not legitimate...
Two major ski resort expansions have stalled in the Deerfield Valley, and for a region that relies on tourism, that means a loss of potential business and visitors.
Audio for this story will...
The EB-5 Investment Program creates thousands of American jobs across the country without costing taxpayers a dime. And at IIUSA, we're working for important reforms that improve rigorous v...
The EB-5 Investor Visa Program
A well-kept secret within international business, corporate immigration law, consular processing law, and finance is the EB-5 Investor Immigrant Visa, which is...
The popular US investor visa scheme EB-5 is scheduled to expire on September 30. And its expiry is expected to impact the chances of Indians to obtain green cards.
Although it is still uncle...
Investors in the EB-5 program whose immigration status is in limbo due to allegations of fraud may get some relief.
Proposed changes to a federal foreign investor program working their way t...
The chair and ranking member of the U.S. House Judiciary Committee has introduced EB-5 reforms in the wake of an alleged fraud in Vermont’s Northeast Kingdom.
The proposed legislation ...
A new proposal to reform the controversial EB-5 visa program is causing alarm among real estate developers who’ve used it as a source of cheap capital for years. Some say its conditions w...
The Miami businessman accused of defrauding investors of millions of dollars meant to fund Northeast Kingdom development projects is renewing his call to have a federal case against him thrown ...
A contentious visa program that allows wealthy foreigners to obtain United States citizenship by investing in economic development projects will expire at the end of this month unless Congress ...
Gov. Peter Shumlin cut the ribbon on the new Burke Mountain Hotel and gave a defense of his administration’s role in the process that helped lead to the construction o...
City Development Review Board OKs Request From Ernie Pomerleau
The city Development Review Board approved a plan this week to divide the Waterfront Plaza in two parcels to benefit the on-sit...
Tony Sutton, the British car dealer who pieced together suspicions about Jay Peak’s immigrant-funded EB-5 developments, says he was disappointed with the state's response to the infor...
Peak Resorts Inc., the Wildwood-based owner and operator of ski resorts, reported a fiscal 2017 first-quarter loss of $7.9 million, wider than the nearly $7.1 million loss it reported in the sa...
It is fascinating, in a way, to speculate on the Ponzi scheme perpetuated by Bill Stenger and Ariel Quiros with the EB-5 Program that was first started in 2008.
It is apparent that the schem...
Billions of investment dollars are on the line as members of Congress seek to bridge their differences and save a visa program that is set to expire in October.
Riddled with controversy and ...
Bill Stenger’s settlement with the federal Securities Exchange Commission (SEC), filed in U.S. District Court in Miami, Fla., on Thursday, makes clear he may still face a civil penalty an...
UNDER the EB-5 Immigrant Investor Program, foreign investors can apply for a green card if they 1) invest in a company in the United States and 2) plan to create ten permanent full-time jobs fo...
Bill Stenger, CEO of Jay Peak Resort, announced late Thursday that he reached a settlement with the U.S. Securities and Exchange Commission over the EB-5 foreign investment fraud and Ponzi sche...
Bill Stenger, one of two partners in an alleged fraud of foreign investors in Northeast Kingdom development projects, has settled with the federal Securities and Exchange Commission, according ...
The Department of State issues a visa bulletin each month to inform the public of the priority dates which will be effective for various immigrant visa (ie, US Green Card) preference categories...
Efforts to secure financing on what is being planned as the Western Hemisphere’s tallest and most expensive residential tower have been quietly extended.
According to a Bloomberg repor...
A new bankruptcy filing logged in Connecticut may provide a window into just how cash-strapped embattled developer Joseph Beninati has truly become.
A Connecticut entity linked to Beninati a...
The Burlington Free Press reported last week that “Vermont’s commerce secretary has released the resignation letter for Gene Fullam, the former director of the state’s EB-5 in...
A new Gulfport Harbor Casino that is planned within the state of Mississippi could be delayed if developers have a recent request approved. The developers want to see the project delayed by two...
Developers who are redoing one of downtown Dallas' largest buildings have sold the promised city financial incentives for the project.
Commerce Statler Development LLC — the compan...
The cabinet today approved a proposal to offer residency permits up to 20 years to foreigners willing to invest a minimum amount in the country, emulating a model followed in the US, Singapore ...
A new formula business is coming to Holmes Beach from an unexpected place.
Joe Collier, president of Mainsail Lodging & Development, announced in an Aug. 24 news release that the Waterli...
Chanticleer Holdings, Inc. (HOTR) ("Chanticleer," or the "Company"), owner, operator and franchisor of multiple branded restaurants in the U.S. and abroad, today announced t...
The parent company of Mount Snow Resort in West Dover, Peak Resorts, Inc. (Nasdaq:SKIS), has announced that it has reached an agreement to sell $20 million of its Series A cumulative convertibl...
Check out what’s new in the EB-5 world, where a team of securities lawyers are at work offering to help lawmakers understand complex legal provisions of proposed EB-5 integrity legislatio...
Embattled Jay Peak and Burke Mountain Resort owner Ariel Quiros, who is accused by federal and state authorities of masterminding an eight-year Ponzi-like scheme to defraud international invest...
Last week United States Citizenship and Immigration Services (USCIS) published updated processing times for the Immigration Investor Program Office. You can review the highlights below:
I-52...
Two New York developers are seeking to raise EB-5 money for the construction of the first Edition Hotel on the West Coast, The Real Deal has learned.
Howard Lorber and Steve Witkoff are tryi...
The Securities and Exchange Commission (SEC) has just published three new decisions in connection with administrative proceedings against two well known immigration lawyers, as well as against ...
Peak Resorts, Inc. (Nasdaq:SKIS) announced today that it has reached an agreement to sell $20 million of its Series A cumulative convertible preferred stock and warrants to purchase common stoc...
The chief operating officer of AZ Sourcing, parent company of PhoenixMart, is certain the project will be able to continue without the same number of foreign investors it originally secured.
...
H. Ronald Klasko, Daniel B. Lundy and Rohit Kapuria, attorneys with Klasko Immigration Law Partners, participated at the 2016 New York EB-5 Convention hosted by EB5 Investors Magazine.
...
A bid has been made to purchase Jay Peak Resort for $93 million, but the person who is overseeing the property through receivership said it is not for sale.
A seven-page document was filed i...
If you are an elected official, tough times call for tough decisions.
Then, you better be tough because, no matter what you decide, you will get some tough criticism.
The six members of M...
Bill Stenger, the CEO and president of Jay Peak Resort, has asked a Miami federal court for an extension.
Stenger was supposed to file a response earlier this month to allegations from the S...
Steve Witkoff, white knight?
Lenders on the stalled Battery Maritime hotel have reached out to the Witkoff Group TRData LogoTINY founder to join the project and, hopefully, rescue it from fu...
The ground-floor commercial space in Kevin Daniels' planned Gridiron condo tower will be sold to local entrepreneur David Meinert.
Known for his carefully curated hipster favorites inclu...
The receiver for Jay Peak Resort says he is hiring a Washington attorney to lobby Congress. Michael Goldberg, the court-appointed receiver for the Securities and Exchange Commission, wants to c...
Your recent coverage of this (EB-5) fiasco includes, “The subcontractors who built the resort are owed millions and, as Quiros’s assets have been frozen, may not be paid until the r...
At its July 28, 2016 stakeholder engagement, USCIS Immigrant Investor Program Office (IPO) Chief Nicholas Colucci focused his opening remarks on USCIS’s efforts to enhance the IPO’s...
The State is suing the South Dakota Regional Center over its management of the EB-5 program and federal authorities are threatening to revoke the states authority.
EB-5 grants foreign invest...
Almost everyone agrees that Vermont Health Connect has had its problems. But today, after two and a half years of dysfunction, VHC is in desperate need of emergency care. In fact, it’s on...
HFZ Capital Group’s High Line project will probably look a little familiar to JDS Development Group.
The latest renderings for the Bjarke Ingels-designed project at 76 11th Avenue show...
This week, the Department of State released the Visa Bulletin for September 2016. Given that visa numbers are issued based on the government fiscal year, we expect to see significant movement a...
A federal judge has ruled that up to $1.5 million of a settlement reached with a financial firm in a fraud investigation of two Vermont ski resorts will be loaned to a federal receive...
The Daugaard administration is trying to overturn the federal decision to strip South Dakota state government of its status as an EB-5 immigrant investor center.
A law firm represe...
South Dakota is arguing to a federal immigration agency that the state can effectively manage its troubled program that recruits wealthy foreign investors for projects in exchange for green car...
Lightstone, a prominent, privately held real estate company, announced today that through the first six months of 2016 it has secured financings totaling $462 million. The financings, from the ...
While reports claim construction to turn the Ziock Building into a downtown Embassy Suites could begin this year, the numbers continue to tell another story.
As was the case a year ago, the ...
Due to the complex intersection of real estate, corporate, securities and immigration law (among others), an investment in a company under the EB-5 Program can be a complicated affair. One of t...
Coral Gables-based architectural firm Nichols Brosch Wurst Wolfe & Associates (NBWW) announced the topping off of VUE Sarasota Bay, an 18-story waterfront condominium under construction in ...
The federal receiver in charge of Jay Peak and Burke Mountain resorts told the U.S. District Court in Miami recently there is not enough money on hand to pay him as well as fund resort operatio...
After six years and $90 million, the massive former warehouse adjacent to City Hall known as the Butler Brothers Building is finally open for business.
Or rather, it’s open for living,...
AZ Sourcing, parent company of PhoenixMart, expects construction on the project to take place rapidly over the next two months after the city of Casa Grande granted a building permit in June.
...
Ariel Quiros, the embattled mastermind of the Northeast Kingdom Economic Development Initiative, still hopes to have the securities fraud case against him dismissed in U.S. District Court in Mi...
EB-5 & Investment Immigration Convention was held in New York City July 17th and 18th. It was hosted by EB-5 Investors Magazine and attended by professionals including famed economist Dr. A...
Democratic gubernatorial candidate Sue Minter is on the hot seat for her role in a contract between the State of Vermont and Ariel Quiros to operate the airport here. She signed a renewal for Q...
Sue Minter and Matt Dunne's recent feuding isn't just limited to renewables.
Dunne released an open letter late last week, questioning Minter's decision as transportation secreta...
U.S. House of Representatives candidate Paula Hawks is calling to put an end to South Dakota's controversial EB-5 visa program.
Hawks, a Democratic State Representative from Hartford, sa...
According to data recently supplied by USCIS, there are more than 20,000 I-526 petitions pending adjudication as of the end of March 2016. This is a massive backlog of cases. What are the impli...
The global immigration law firm, Pearl Law Group, announced today that its new High Growth Practice Team will be led by the former partners of Lipson & Pretorius, a boutique immigration fir...
Majority of the Hallets Point development was shelved after expiration of 421a
Life, liberty and the pursuit of capital.
The Durst Organization is looking to raise a quarte...
Vermont Business Magazine Matt Dunne today sent the following letter to Sue Minter regarding information his campaign received about a single source state contract with Ariel Quiros f...
Andre Hurst of HIRC has been meeting with several members of the Senate Judiciary Committee to discuss the proposed changes in the EB-5 Visa program. Andre Hurst discussed with Senator Ch...
State officials ignored warnings as much as four years ago that the Jay Peak developers had potentially misused immigrant investor funds, documents indicate.
Douglas Hulme, owner of the EB-5...
Jonathan Falik, CEO of JF Capital Advisors, speaks with David Sudeck, senior member of JMBM’s Global Hospitality Group® at JMBM’s 2016 Meet the Money® – the national h...
State officials ignored warnings as long as four years ago that the Jay Peak developers had potentially misused immigrant investor funds, documents indicate.
Douglas Hulme, owner of the EB-5...
Ariel Quiros is hitting back.
The Miami businessman at the heart of the Jay Peal/Burke Mountain EB-5 scandal wants a lawsuit filed by the state of Vermont against him and his EB 5 partner Bi...
State officials say the man responsible for promoting economic development projects in Vermont through the federal EB-5 program has resigned from his position.
Gene Fullam, a former Wall Str...
Debate continues over what state officials knew when about the alleged EB-5 fraud in the Northeast Kingdom. Four guests join us today to discuss the situation.
We'll hear an update...
Another new South Florida hotel is nearing reality, thanks in part to a federal program that allows foreigners to invest here in exchange for permanent U.S. residency, under select conditions.
...
Democratic gubernatorial candidate Peter Galbraith rolled out a seven-point ethics proposal on the steps of the Statehouse Thursday, that would mitigate undue influence on lawmakers.
“...
The Obama administration’s fetish for wealthy foreign nationals — expressed through relentless promotion of an immigrant investor program — has spilled over to a little-known ...
An EB-5, foreign-investor funded project at Okemo Mountain Resort in Ludlow has been cleared to resume soliciting money from immigrant investors, and state regulators say the SouthFace Village ...
Jay Peak and Burke Mountain will be sold separately, according to receiver Michael Goldberg.
A federal court in Miami seized control of both resorts in April after the Securities and Exchang...
NES Financial announced today that NuRide Transportation Group LLC has implemented its EB-5 Fund Administration Solution on the company’s New York City Green project.
New York City Gre...
The CEO and president of Jay Peak Resort is expected to reach a settlement with the Securities and Exchange Commission in the next few weeks, according to court filings.
If Bill Stenger stri...
We previously warned that some individuals involved with arranging EB-5 investments may be required to register as broker-dealers (see "Immigrant Investor Program Raises SEC Broker Registr...
Completion of Mount Snow's new West Lake snowmaking system is not likely to be ready this winter as the ski resort waits on cash from the EB-5 funding program.
"We don't know fo...
Susan Donegan and Patricia Moulton are the leaders of two critical state agencies – The Vermont Department of Financial Regulation and The Vermont Department of Commerce. They have worked...
The state’s secretary of commerce and community development has been appointed interim president of Vermont Technical College.
Patricia Moulton will replace outgoing president Dan Smit...
Construction financing totaling just over $1 billion for the Century Plaza Hotel redevelopment in Los Angeles’ Century City area has been secured, according to developer Next Century Part...
A contractor, affected by the alleged EB-5 scandal at Burke Mountain Resort and Jay Peak, closed on a more than half-million dollar loan Monday to help carry his business through the summer con...
The federal receiver appointed to right the ships at Burke Mountain, Jay Peak and the other assets of Ariel Quiros is seeking federal court approval for the Management Agreement with the firm n...
The Securities and Exchange Commission is proposing court dates for the litigation of charges against Ariel Quiros, a Miami businessman who is accused of stealing more than $55 million from imm...
One of the most interesting and controversial facets of current immigration law is the EB-5 Immigrant Investor Program, whereby foreign investors (and their immediate families) can acquire lawf...
State regulators last month told an EB-5 developer in southern Vermont to stop marketing a ski condo project to potential immigrant investors for the time being.
The Vermont Department of Fi...
South Dakota has always been a handshake state.
That is something of which most of us are and have been proud. We assume honesty, and a handshake is a person’s word.
But the world h...
Rockford’s Mayor is headed to China once again to solicit construction money from investors.
He’s partnered with Wisconsin developer Gary Gorman to redevelop the Amerock bu...
The most recent news to hit Vermont indicates that state regulators are paying greater attention to the details of EB-5 projects in the aftermath of the problems besetting certain Northeast Kin...
Rockford Mayor Larry Morrissey is on his way to China to woo investors for a $67 million, 160-room Embassy Suites hotel downtown.
Morrissey and Gary Gorman, president of Wisconsin-based Gorm...
Accused Ponzi-scheme mastermind Ariel Quiros, owner of Jay Peak and Burke Mountain Resorts, filed a motion in U.S. District Court in Miami, Florida, seeking to have the federal Securities Excha...
After reading Bob Mercer's "South Dakota Doesn't Have To Be The Land of Scandals" column in the Sunday Rapid City Journal, I became more convinced than ever that we should pas...
A new Canopy by Hilton hotel will open in the fall of 2017 among the cobblestone streets of the Pearl District on Portland’s Gallery Row. The property is developed by Washington, D.C.-bas...
Michael Pieciak, who led Vermont's investigation into an alleged fraud scheme in the Northeast Kingdom, has been selected to lead the state Department of Financial Regulation.
Gov. Peter...
A state superior court jury awarded a Plainfield woman $400,000 in damages in a lawsuit against her former employer, Seldon Technologies, in which the woman alleged the Windsor water filtration...
Scandal Land. Harsh, perhaps, but it doesn’t feel too strong.
Not with seven dead, and four awaiting criminal trials, possibly facing jail or prison, and other persons of possible inte...
Raymond James & Associates agreed to pay almost $6 million to settle charges from Vermont financial regulators that investments related to a ski resort violated state laws, making it the la...
Raymond James and Associates has agreed to pay the Vermont Department of Financial Regulation $5.95 million for its part in the massive fraud scheme involving the Jay Peak ski resort.
Susan ...
Around 1,200 Indians have applied to invest half-a-million dollars each to settle in US under a government sponsored 'invest in the US and get a green card scheme', according to a repor...
The Vermont Department of Regulation has reached a settlement with Raymond James and Associates, Inc., in connection with the EB-5 scandal in the Northeast Kingdom.
Raymond James has agreed ...
The developers of the proposed supertall condominium at 45 Broad Street are projecting a sellout of $624.4 million, according to an offering memorandum for construction financing obtained by Th...
An EB-5 developer in Miami plans to break ground on a $24 million Miami airport hotel this fall, marking the first of three hospitality properties in the works for Riviera Point Development Gro...
Mark English, who runs a real estate business at the foot of Jay Peak, was about to finalize the sale of a condo on the mountain when news that a federal court had taken control of the ski reso...
Two lending agencies are offering a special loan program for the building subcontractors who have not been paid for work at Jay Peak and Burke Mountain ski areas.
About $4.6 million is owed ...
Jay Peak Resort reopened its aerial tram Saturday for the summer after repairs and clearance from state engineers.
This week, the iconic attraction will run from 10 a.m.-5 p.m. through Thurs...
Jay Peak's iconic aerial tram started spinning on Saturday and will run as a scenic attraction through the summer seven days a week.
The resort brought in an aerial tramway specialist an...
The aerial tram at Jay Peak Resort reopened Saturday. The tram was shut down at the end of the ski season this spring when state officials determined that it needed to be repaired before it cou...
Every so often the South Dakota Banking Commission finds itself in muddy waters.
There was the 2010 decision in which the commissioners decided an offshore lender wasn’t a bank. The ma...
An EB-5, foreign investor-funded project at the base of Okemo Mountain Resort has come under new regulatory scrutiny over statements in its financial prospectus to investors. And the Vermont De...
PhoenixMart is officially under construction.
The long-awaited 1.5-million-square-foot expo center in Casa Grande, first announced in 2012, is finally going vertical.
Casa Grande issued t...
The delay in processing EB-5 immigrant visas caused by the increasing waiting line commonly referred to as “retrogression” is causing an increase in demand by parents in China to ha...
Mount Snow Resort administrators aren’t the only ones irked by the federal government’s backlogged EB-5 program.
A Florida man who sank $500,000 into the Dover resort’s for...
Ritzcoin Technologies Inc (Ritzcoin) in partnership with Europa Village broke ground on the first ever real estate investment project using Cryptocurrency. The partnership comes as part of a la...
HAP Investments – which has cycled through multiple designs for a planned rental-condominium development in Chelsea – is now seeking $60 million from EB-5 investors for the project....
Gary Barnett is looking to raise $190 million in financing for Extell Development’s Central Park Tower development through the EB-5 program, according to marketing materials on a Chinese ...
The $3.5 million demolition of the iconic Coco Palms Resort on the island of Kauai has started and is expected to take up to six months to complete, the developer told Pacific Business News.
...
One of China’s largest developers has joined Madison Equities as an investor and developer of a planned 206-unit condominium at 45 Broad Street in the Financial District.
Gemdale Prope...
The United States offers 140,000 immigration visas each year based on applicants’ job skills — or, in one special category, on the ability to invest $500,000 to $1 million.
That ...
A decade ago, when the state of Vermont was outbid by a Canadian company for a package of hydroelectric dams along the Connecticut and Deerfield rivers, many observers, including ourselves, lam...
Jay Peak Resort recently completed a three-day inspection of its aerial tram, with initial repairs to be done in time for some summer operations.
The resort, in cooperation with the state&rs...
Ever the cop on the EB-5 beat, the Securities and Exchange Commission has levied a $1 million fine on one of the biggest and longest-established entities in the EB-5 business — American L...
The major skirmishes in the legal battle over Jay Peak’s EB-5 projects seem to have settled down, at least for the moment. Civil suits filed against Ariel Quiros, the owner of Jay Peak an...
One of Seattle’s top developers has been fined more than $1.2 million for using unlicensed advisers to steer investments from would-be immigrants into his projects.
American Life and i...
Last December, the U.S. Congress decided to extend the EB-5 visa program through Sept. 30, 2016, without making any changes to it, despite rumors that alterations – some of them drastic &...
A lumber company has been named in a qui tam action filed in Florida federal court by a former human resources generalist who alleges that the company submits false statements to government age...
A Guam hotel and shopping mall developer’s plan could allow as many as 700 foreigners and their dependents to reside in the United States through an investment-for-green-card program.
...
A February trial has been scheduled in the financial misconduct case against the man who once ran South Dakota’s investment-for-visa program.
The American News reports that Joop Bollen...
The Grenada government says it doesn’t expect any fallout from the civil charges brought against an investor who acquired citizenship under the country’s Citizen By Investment (CBI)...
A progressive blogger in Los Angeles is ratcheting up criticism against Florida Democratic U.S. Senate candidate Patrick Murphy over his ties to political donors who benefit from a visa program...
Bridge Capital LLC is proposing to develop a $421 million commercial facility, which includes twin towers with a total of 590 hotel rooms, at the former site of Guam Greyhound Raceway Park in T...
A new lawsuit in the Jay Peak saga uses a legal theory that plaintiffs counsel says is untested in Florida state court: If a financial institution touches money, even for a second, it must try ...
Almost everyone agrees that Vermont Health Connect has had its problems. But today, after two and a half years of dysfunction, VHC is in desperate need of emergency care. In fact, it’s on...
The Orlando City Soccer Club grabbed headlines when news broke that it’s luring foreign investors with green cards as a way to help build the new stadium in Orlando. Intersection talks to...
The Orlando City Soccer Club grabbed headlines when news broke that it’s luring foreign investors with green cards as a way to help build the new stadium in Orlando. Intersection talks to...
Las Vegas-area business representatives are in Washington, D.C., this week, seeking congressional support for projects including an Interstate 11 link to Phoenix and federal funds for security ...
Tishman Speyer has filed plans for a two-tower commercial project in Long Island City, next to its 22-story office building known as Two Gotham Center.
New building applications filed on Fri...
Klasko Immigration Law Partners partner Daniel B. Lundy was elected co-chair of the Invest In the USA (IIUSA) banking committee.
Lundy practices almost exclusively in the EB-5 immigration vi...
The unfortunate situation with the EB-5 program presents an opportunity to reflect on the state’s approach to economic development. Among other responsibilities, the State Auditor’s...
The embattled owner of Burke Mountain Resort and Jay Peak, Ariel Quiros Sr., continues to maintain he did not violate securities rules to the federal judge in U.S. District Court in Miami overs...
Based on our ongoing cooperation agreement with Third Party countries, we have received information that Mr. Charles Liu, a citizen of Grenada under Section 11 of Grenada’s Citizen By Inv...
The man who once ran South Dakota’s scandal-ridden investment-for-visa program has pleaded not guilty to felony charges stemming from a financial misconduct investigation.
The Aberdeen...
Vermont Sen. Patrick Leahy says recent federal fraud charges have shaken his confidence in what was once praised as the most successful EB-5 project in Vermont.
Leahy has long supported the ...
Vermont Sen. Patrick Leahy has been pushing for criminal justice reform in Washington and here in Vermont. Speaking in Burlington last month, he said, "we have an over incarceration proble...
The Securities and Exchange Commission told a federal court judge on Friday that there is sufficient evidence to show Jay Peak owner Ariel Quiros violated securities laws, and there is a reason...
Mount Snow, in West Dover, Vermont, announced last week that its $52 million EB-5-funded business plan to upgrade snowmaking and build a new lodge got a federal green light.
The funds will b...
It’s been six years since Democrats swept to power in Montpelier, but they’re facing some unlikely critics as they try to retain it. And the Democratic gubernatorial candidates seek...
On May 25, Peak Resorts, Inc. (NASDAQ:SKIS)announced that the United States Citizenship and Immigration Services (USCIS) approved the company’s Mount Snow EB-5 program. The related $52 mi...
Peak Resorts Inc (NASDAQ:SKIS) received a stock rating upgrade from Macquarie on May-26-16. In a note to investors, the firm issued an Outperform rating. The analysts previously had an Underper...
For 50 years, second homeowners at a Jay Peak Resort subdivision have had access to free water, but that perk will likely be another casualty of the EB-5 scandal.
Michael Goldberg, the court...
Mount Snow CEO Dick Deutsch's long months of waiting are over.
The resort's EB-5 project has been approved, after two years, by the U.S. Citizenship and Immigration Services. The app...
Peak Resorts, Inc. (NASDAQ:SKIS), a leading owner and operator of high-quality, individually branded ski resorts in the United States, announced that the United States Citizenship and Immigrati...
Ski resort operator Peak Resorts, which owns the Hidden Valley Ski Area in Wildwood, announced it raised $52 million from EB-5 investors for upgrades to its Vermont resort.
Wednesday&#...
AMTX is a producer of ethanol in California and biodiesel in India.
AMTX is still struggling to become profitable and has considerable debt.
AMTX has promising prospects in the form of hi...
Prior to a groundbreaking for the new spec building at the Metcalfe County South Industrial Park on Tuesday, Maureen Carpenter with the Bowling Green Area Chamber of Commerce spoke to members o...
As we approach the 2016 presidential elections, the presumptive Republican nominee, Donald Trump, has been outspoken on the issue of immigration, making it one of the cornerstones of his campai...
Real Hospitality Group (RHG) has added Joseph Yi to its executive team as chief investment officer.
Ben Seidel, president and CEO, noted the move represents a major strategic initiative, emb...
A U.S. District Court judge OK'd plans for a Las Vegas developer and a Chinese firm to take over a stalled 41-story hotel and housing project at 2116 Fourth Ave. in Belltown.
The ruling ...
The EB-5 immigrant investment program is ripe for change following a scheme linked to a South Florida businessman that bilked investors of hundreds of millions of dollars, attorneys said.
&q...
A $500 million plan to redevelop Jay Peak Resort in Northern Vermont was a Ponzi scheme that bilked people through the EB-5 investor visa program, three foreign citizens claim in a RICO class a...
The U.S. attracted $3 billion in investments in 2015, by granting green cards to foreign investors who invest $500,000, as a part of the EB-5 investor program. Countries that have difficulty at...
Immigrant investors who were allegedly defrauded by developers in the Northeast Kingdom are afraid their families will be deported in a matter of weeks unless officials take action very soon.
...
U.S. Rep. Patrick Murphy is good at raising money for his campaigns. His wealthy father is also very good at funneling dollars into his son's races.
That combination has worked for Murph...
A potential buyer met Wednesday with the mayor of Newport City and the court-appointed receiver in charge of the vacant Main Street block about its future development.
The meeting was &ldquo...
Now that the biggest EB-5 project in Vermont — and one of the biggest in the country — has collapsed into allegations of fraud against Bill Stenger and Ariel Quiros, erstwhile owner...
The United States Department of Homeland Security (DHS) has proposed increasing the fees that United States Citizenship and Immigration Services (USCIS) charges for certain immigration and natu...
Orlando City owner Flavio Augusto da Silva is using a controversial U.S. government program to offer green cards to foreign investors.
In what appears to be the first such move for a sports ...
The federal Securities Exchange Commission on Tuesday filed an amended complaint in the securities fraud case it filed in mid-April against Ariel Quiros and Bill Stenger.
According to Michae...
The federal EB-5 program has become notorious in Vermont because of the alleged fraud carried out by two ski area developers accused by federal authorities of bilking investors out of tens of m...
As the dramatic revelations in the Northeast Kingdom continue to come to light, Vermonters are left with anger and lost trust.
The most tragic result of losing trust would be to conclude tha...
Chinese nationals bought more than $110 billion worth of both residential and commercial real estate over the past five years. Last year’s surge in purchases moved them past Canadians, to...
China’s love for real estate knows no bounds. And American cities like the Soma district in San Francisco and downtown Los Angeles are getting more than a skyline make over because of the...
The federal Securities and Exchange Commission (SEC) in U.S. District Court in Miami, Florida, balked at a motion from Ariel Q
