EB-5 News & Updates #117 March 14-21

Posts

News Vietnamese rich leading procurers of investment-based US green cards
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 investor immigrant visa program of the U.S., a new...
Douglas Secures EB-5 Money for 1900 Half St. Project
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 on 1900 Half St., SW, have secured EB-5 capital...

Updates

Project Updates
Upper Half Of 1 South First Begins To Conjoin Above Domino Sugar Factory Redevelopment, In Williamsburg, Brooklyn
The building is beginning to be conjoined at the midway section.  When YIMBY last checked in on 260 Kent Avenue, the building...
PNC Bank Gets Pulled Into EB-5 Visa Fraud Claim Tied to Palm Beach Investment
PNC Bank office A lawsuit claims the bank created an account that looked like an escrow account but in reality was a checking account...
Company Denies Responsibility for Vermont Ski Resort Fraud
The former owner of Vermont’s Jay Peak resort is fighting claims from a court-appointed receiver that it should pay millions in damages...
Firms Updates
As Grand Bohemian hits construction milestone, hotel is projected to open before RNC 2020
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, 254-room Grand Bohemian Hotel at Trade and Church streets...
User Updates
Quiros’ former legal team seeks to nix $837,500 insurance payout
Bill Stenger, left, and Ariel Quiros at a ribbon cutting. Former attorneys for Ariel Quiros, described by federal regulators as the “mastermind” of the largest alleged investor fraud case in the federal EB-5 program, are objecting to a proposed...

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