EB-5 News & Updates #130 June 13-20

Projects

YOUNG CIRCLE PARK
The 25-story building, at 1740 Polk Street, towers above Young Circle Park, a round outdoor space in the city’s center surrounded by a traffic circle. It includes 386 apartments as well as a 111-room boutique lodging called Circ Hotel, which is managed by Trust...

Updates

Project Updates
EB-5 lawsuit settled in South Dakota Supreme Court
A lawsuit stemming from the EB-5 program has ended with a settlement. The company that provided more than $30 million to build the...
EB-5 hotel project in Broward obtains $11M construction loan
AD1 Global is building a Fairfield Inn & Suites by Marriott in Tamarac. The developer of a Fairfield Inn & Suites by Marriott in...
Nick Mastroianni’s EB-5 firm signals intent to foreclose on 125 Greenwich
125 Greenwich Street and Nick Mastroianni It is the latest setback for the troubled Downtown luxury residential tower Few buildings in...
Florida EB-5 Firm Snags $125M Refi on New Mixed-Use Tower
YOUNG CIRCLE PARK IN HOLLYWOOD, FLA.  Apollo Global Management, a New York City-based private equity firm and real estate lender,...
‘Hidden partner’ in EB-5 fraud comes forward
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,...
Woolf: Despite strong year, ski industry still faces strong headwinds
Spruce Peak ski area in Stowe, a community that has led the way in providing skiers with more activities off the slopes.  The...
EB-5 funded project in downtown Hollywood scores $125M loan
Rendering of Hollywood Circle and developer Chip Abele Financing will be used to pay back $60M construction loan Hollywood Circle, a...
Firms Updates
Chetrit scores loan for Miami River project, buys out JDS stake
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 long-planned mixed-use Miami River development, The...
Is SEC disgorgement endangered? Supreme Court to decide
For decades, the Securities and Exchange Commission has relied on disgorgement: monetary relief created by the courts to recover a defendant's ill-gotten gains from violating the nation's securities laws. But two years ago, financial advisers and...
User Updates
Jay Peak receiver has $2.2M deal to sell Quiros’ condo at Trump Place
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 accused of investor fraud, continues with an expected sale of a New York City...

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