EB-5 News & Updates #199 October 08-15


Indian nationals formed the biggest number of EB-5 Investor Program applicants in FY19
  WASHINGTON (TIP): Indian nationals overtook those from China and Vietnam to file the highest number of EB-5 Immigrant Investor applications in the October-December and April-June quarters of fiscal year 2019, data sourced by...


User Updates
Stenger, Quiros courtroom clash looms in EB-5 criminal fraud case
Jay Peak developers Ariel Quiros left, and Bill Stenger was indicted on May 22, 2019, in federal court in Burlington.  A showdown is brewing between one-time business partners Ariel Quiros and Bill Stenger as one is braced for jail time and...
Regional Center Updates
CMB Announces Two New Partnerships with I-829 Approvals
DALLAS, Oct. 12, 2020 (GLOBE NEWSWIRE) -- Last week, two CMB EB-5 partnerships received their first I-829 approvals. An I-829 is the final step in the EB-5 process where immigrant investors achieve permanent residency in the United States. What...
Bankruptcy, default, legal woes jolt big Fremont complex
FREMONT — A bankruptcy, mortgage default and two federal legal cases have engulfed a big Fremont mixed-use development, stalling construction on the prominently placed project. Mission Hills Square, a housing, retail, and restaurant project near...
Firms Updates
Real Estate Transactions Award: Saul Ewing Arnstein & Lehr
Saul Ewing Arnstein & Lehr’s real estate practice in South Florida represented developers, investors and construction companies in a series of deals in 2019.
Project Updates
The New York City Regional Center (“NYCRC”) is pleased to announce the full repayment of $42 million to EB-5 investors in its Brooklyn...


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