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EB-5 News & Updates June 08-15

EB5Projects.com Events

EB-5 Weekly News Roundup June 1-15

Florida, Florida, US 06/16/2017 3:00PM - 4:00PM (Eastern Daylight Time)

Conversation about News & Events in the EB-5 Industry with Analysts, Experts and Newsmakers.   Questions can be made by calling: +1-917-421-9919 or by video here with a Chrome browser Topics to be discussed : Extension of the regional...

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Projects

Meres Crossing
Meres Crossing will offer one-, two- and three-bedroom units, priced in line with the current rental rates of the market area. The Project’s apartment units will be housed in five, three- and four-story garden style buildings and will have 414 surface parking spaces (1.75 spaces / unit). Common...
Ecco on Orange
Ecco on Orange will consist of a single building (serviced by elevators), built around a 527-space six-story parking garage that will feature a rooftop pool, fitness center and amenity area. Ecco on Orange will also contain an expansive multi-level clubhouse, complete with a cyber café, virtual...
Wyndham Garden Hotel - AAFF II
AAFF II has received an investment opportunity in Dania Beach Hospitality Group, LLC, a Florida limited liability company formed on August 21, 2014 that will develop, own and operate the Wyndham Garden Hotel (“Wyndham Garden” or the “Project”), a 142-room limited service hotel that will operate...
Harbour Island Apartments
Harbour Island Apartments will be a class “A” multifamily apartment building located on Harbour Island, a community adjacent to downtown Tampa, Florida. The project will consist of approximately 235 apartment units, housed in a single 21-story midrise building (14 residential levels above a...
915 Franklin
915 Franklin is a planned class “A” multifamily apartment building located in downtown Tampa, Florida. The property will offer 360 apartment units, housed in a single 23-story high-rise apartment building (16 residential levels above a 6-story parking garage and ground floor retail space). The...

Posts

Evaluating the Marketing Capabilities of EB-5 Agencies
The whole point of seeking the cooperation of EB-5 Agencies is to harness the potential of their established market area. High net worth individuals tend to gravitate toward and live in or near major cities, because that is where they...

Updates

Regional Center Updates
Work to start on 'European-inspired' AC Hotel NuLu
Concord Hospitality Enterprises based in Raleigh will manage the property, which will operate as an AC Hotel by Marriott brand. Assisting with the financing are the Whitman Peterson real-estate investment and management company and the Bluegrass...
New York City Regional Center Announces I-829 Petition Approvals in its Bronx Medical Office Campus Project Offering
The New York City Regional Center (“NYCRC”) is pleased to announce the first I-829 petition approvals issued to EB-5 investors participating in its Bronx Medical Office Campus project offering. I-829 petition approvals have now been issued in...
Jay Peak Investor Sues Vermont EB-5 Regional Center
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 civil complaint, Tony Sutton, an investor from London,...
Lawsuit: Vermont covered up massive Jay Peak fraud
An investor in the Jay Peak development project that federal officials allege was really a massive Ponzi scheme has sued the state of Vermont, claiming officials knew about the fraud but covered it up. Antony Sutton, who lives in suburban London,...
In Lawsuit, EB-5 Investor Accuses State Of Jay Peak Cover-Up
A man who invested a $500,000 in Jay Peak through the federal EB-5 foreign investment program is suing the State of Vermont and accusing state officials of being complicit in multi-million-dollar fraud allegedly perpetrated by Jay Peak owner...
Project Updates
Members of Congress Probing Potential EB-5 Related Securities Fraud by Kushner Companies
Members of Congress from both parties are investigating whether Kushner Companies’ EB-5 fundraising activities constitute securities...
Real estate experts rally behind proposed EB-5 legislation
Real estate experts in the EB-5 visa field strongly believe new legislation governing the controversial immigration program that rewards...
Mount Snow breaks ground on $22 million base lodge
Mount Snow is moving forward with a multi-million dollar construction project funded through the controversial EB-5 program. But state...
Canopy hotel update: We’re starting construction soon after all
A Canopy Hotel set for West Palm Beach will start construction this fall and not in early 2018, despite what an executive for the hotel’...
Related, Oxford want to raise another $380M in EB-5 funds for Hudson Yards
Related Companies and Oxford Properties Group are looking to raise a fresh $380 million from EB-5-investors to fund new buildings in...
Country Home Products To Lay Off More Than 60
Less than two years after being acquired by a publicly traded company, Country Home Products announced Friday it would lay off more than...
With EB-5 Funding, Mount Snow Starts A $52 Million Expansion
After months of delays in securing its EB-5 funding, Mount Snow is finally moving ahead with a $52 million upgrade. Company officials...
Mount Snow 'finally' starts new lodge construction
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...
Rockford eyes conventional loan for Amerock hotel conference center
The city is working with Rockford Local Development Corp. to secure a $12.5 million conventional construction loan to build a...
Kushner Company Could Lose a $6.5M Tax Break in Jersey City Skyscraper Project
One Journal Square, a Kushner Company Skyscraper planned in Jersey City, stands to lose a $6.5 million annual tax credit. As reported by...
Investors file lawsuit against Vermont EB-5 Center
Earlier this spring, the Trump administration extended the controversial federal EB-5 foreign investor program. That's the program that...
Turnpike Commission to unveil widening plans in Plum
A project to widen the Pennsylvania Turnpike from four to six lanes between the Allegheny Valley and Pittsburgh interchanges will kick...
The never-ending construction project: Rebuilding the Pa. Turnpike
It took a small army a little less than two years to build the original Turnpike, from Irwin to the outskirts of Carlisle. Working...
WILL ENGINEERING MARVEL OF YESTERYEAR HOLD UP TO DEMANDS OF TODAY'S HIGH-SPEED TRAFFIC?
To begin with, the road was unlike anything most drivers had ever encountered in the United States:Four lanes of superhighway cutting...
Pennsylvania Turnpike to replace 3 bridges, road as part of widening efforts
The Pennsylvania Turnpike will replace three bridges and lower a road in Plum and Monroeville over the next four years to prepare for a...
Pennsylvania Turnpike widening project outside Philadelphia moves forward
A project to widen the Pennsylvania Turnpike in Chester and Montgomery Counties is one step closer to reality. The Pennsylvania...
U.S. Rep. Bill Shuster, R-Pa., predicts increased focus on infrastructure
As chairman of the House Transportation and Infrastructure Committee, Shuster, R-Pa., plans to negotiate budget proposals and investment...
Financial concerns won’t halt Pa. turnpike road projects
After a four-month review of new roadwork based on spending concerns, the Pennsylvania Turnpike Commission decided Tuesday not to cancel...
SEPTA receives millions for Media-Elwyn extension, safety system
SEPTA is set to receive $5.8 million in federal funds for a safety system implemented on its Regional Rail lines after a deadly 2015...
PA Turnpike tolls go up 6 percent
HARRISBURG, Pa. -- It will now cost you more to drive on the Pennsylvania Turnpike. Tolls went up 6 percent Sunday, but it won't stop...
Firms Updates
U.S. Supreme Court Blocks SEC from Imposing Disgorgement beyond Five-Year Statute of Limitations
Our colleague Rebecca Zeidel just published a terrific blog posting on the U.S. Supreme Court’s recent decision in Kokesh v. SEC, in which the Court imposed a five-year statute of limitations on agency-sought disgorgement in SEC enforcement...
Attorneys Divvy Up $25M From Raymond James Settlement
Attorneys for investors in an alleged “Ponzi-like” scheme to fund development projects in Vermont’s Northeast Kingdom have agreed on how to split up $25 million in settlement proceeds to pay for their work. Now, they are asking a federal judge to...
User Updates
Form I-924 Average Processing Time Reaches Greater than 20 Months
As of May 26, 2017, USCIS is processing Form I-924 applications filed on or before Sept. 16, 2015. This reflects a greater than 20-month processing time for Form I-924. This is most likely the longest processing time in the history of the...
Trump family’s EB-5 use makes people focus on program’s negatives, experts say
The EB-5 visa program, which advocates describe as a jobs initiative that has so far injected $20 billion into the US economy, may have been damaged by its links to the occupants of the White House. “I know everyone’s heard about Kushner and the...

Events

EB-5 Weekly News Roundup June 1-15

Florida, Florida, US 06/16/2017 3:00PM - 4:00PM (Eastern Daylight Time)

Conversation about News & Events in the EB-5 Industry with Analysts, Experts and Newsmakers.   Questions can be made by calling: +1-917-421-9919 or by video here with a Chrome browser Topics to be discussed : Extension of the regional...

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8th Beijing Overseas Property, Investment & Immigration Exhibition

No.7 East Tianchen Road Chaoyang District Beijing, Beijing, CN 06/23/2017 10:00AM - 06/25/2017 5:00PM (Eastern Daylight Time)

Concurrent Events:  The Beijing International Tourism Expo (BITE) 2017  ◆Best Platform on Promoting Real Estate & Investing Projects. Beijing has become a leading Chinese market on overseas investment. Beijing Overseas Property and Investment...

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EB-5 Weekly News Roundup June 17 - 23

Miami, Florida, US 06/23/2017 3:00PM - 4:00PM (Eastern Daylight Time)

Conversation about News & Events in the EB-5 Industry with Analysts, Experts and Newsmakers.   Questions can be made by calling: +1-917-421-9919 or by video here with a Chrome browser

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