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EB-5 News & Updates July 06-13

Projects

Dream Hotel (Phase I)
In 2013, HIRC completed the funding for the Dream Hotel Hollywood, a 182-room luxury hotel in Hollywood poised to become one of the city’s most vibrant hotel and entertainment destinations. Located in the resurging Hollywood district of Los Angeles, the Hollywood Dream Hotel will be managed by...
Dream Hotel (Phase II)
Following the success of Phase 1, the Hollywood International Regional Center is raising EB-5 equityfor Phase 2 of the Dream Hotel Hollywood. The second phase of the hotel, a $43 million extension, is expected to begin construction by the end of 2014 and will feature 86 rooms and 2 marquee food...
610 Broadway
Hollywood International Regional Center is developing a historic turn-of-the-century property in theheart of Downtown Los Angeles, with the intention of developing the building into a 340 roomluxury hotel. HIRC plans on beginning the fundraise of EB-5 capital in 2014.
1541 Wilcox
We are offering a unique opportunity to invest in the development of a prime boutique hotel inHollywood, the entertainment capital of the world. Hollywood International Regional Center hasplaced a deposit on the property and will develop the property into a first-class hotel.
1060 Broadway
They are offering a unique opportunity to invest in a marquee boutique hotel development projectlocated in Downtown Los Angeles, one of the hottest hotel markets in the US. HollywoodInternational Regional Center, the Project Sponsor, has secured the 1920s building and will refurbishthe property...
30-80 12th Street
The site, at 30-80 12th Street, will have 711 units and be designed by HAAK Architects.The 711 apartments will break down between 565 market-rate and 146 affordable units, and the site is going to be developed in a configuration with two buildings.With gross area totaling 483,000 square feet,...

Posts

‘Everyone in China has the American Dream’ – and a popular path to it may disappear
Jehan Li and Mia Qi took advantage of a U.S. law, nicknamed the “golden visa,” that offers green cards to foreigners who invest $500,000 in the United States. They say they want to give their son, Oscar, a shot at a brighter future....
Senate Republicans urge DHS to lower Immigrant Investor minimum
A group of Republican senators are asking the U.S. Department of Homeland Security (DHS) to halt the implementation of regulatory changes to the EB-5 Immigrant Investor Program, which they say will hinder foreign investment and job...
BumperDoc Offers a Pathway to the U.S. via Automotive Franchise Opportunities
1 E2, L1 and EB5 Investor Visa have found a fit with owning a BumperDoc franchise. BumperDoc is announcing its support in developing this immigration opportunity that benefits people coming into the country and people already here. As...
CRE Opinion: Chinese Investors Have Discovered Dallas-Fort Worth
With the recent extension of the EB-5 program, we can expect to continue to see monies from China being invested in local projects. I believe it’s common knowledge that the Chinese have been very involved with the EB-5 program for quite...
Proposed EB-5 Visa Program Reforms
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 in Manhattan, the New York Wheel on Staten Island,...
Program for foreign entrepreneurs to work in U.S. may be scrapped by Trump
Foreign entrepreneurs hoping to found startups in the U.S. will not be able to apply next week for permission to work here as the Trump administration takes steps to rescind a program created for them under former President Barack...
USCIS Reminder: EB-5 Immigrant Investor Program Listening Session - July 13, 2017
Dear Stakeholder, U.S. Citizenship and Immigration Services (USCIS) invites you to participate in a stakeholder teleconference listening session onThursday,July 13from1 to 2:30 p.m.Easternto provide feedback on potential regulatory and...

Updates

Firms Updates
SEC Authority over EB-5 Offerings Confirmed in Court Victory
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 Securities and Exchange Commission (SEC) to oversee...
Cheat Sheet: Office leasing slows down, Redfin prepares for IPO
Clockwise from top left: Harvard Universit,y, Wilshire Grand and other Downtown Los Angeles office buildings, Redfin CEO Glenn Kelman and a Marriott hotel Office leasing slows nationwide: report Five of the nation’s largest office leasing markets...
Brightline’s MiamiCentral station closes on $130M in EB-5 financing
Rendering of the retail component at MiamiCentral MiamiCentral expected to begin train service in September Florida East Coast Industries just closed on $130 million in EB-5 financing for its mixed-use MiamiCentral station in downtown Miami,...
Project Updates
EB-5 funded condo breaks ground in Miami-Dade
The Highlands condominium, which is funded partially by the EB-5 investor visa program, recently broke ground in North Miami Beach....
Federal Judge Gives Final Approval In $150 Million EB-5 Settlement Agreement
Federal receiver Michael Goldberg, left, and Gov. Phil Scott, right, at the press conference in Montpelier in April where a $150 million...
Inside Gary Barnett’s $4B Central Park Tower
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...
Federal lawsuit another wrinkle in stalled Elgin senior housing project
The developer behind the Bright Oaks Elgin memory care and assisted living community remains confident the project eventually will be...
With retractable pool and Tao restaurant, flashy Dream Hotel anchors new Hollywood revival
The Dream Hotel is the centerpiece of a $110-million development in Hollywood. From top to bottom, the futuristic-looking Dream Hotel...
Reveal For 30-80 12th Street, Large Residential Development Coming To Astoria, Queens
When it comes to massive residential projects in Queens, Long Island City has a fairly solid monopoly on the largest buildings. But as...
Foreign-backed businesses open in downtown Wilmington
2 new restaurants, concert venue, and planned hotel/marina on riverfront backed by foreign investors. A federal program that has created...
Green Valley Hospital breaks ranks, opposes AHCCCS levy
Despite gains under Obamacare, roughly 800, 000 Arizonans do not have health care coverage. Insurance companies are tweaking policies in...
User Updates
Letter: Grassley right to end EB-5 program
Ivanka Trump arrives with her husband Jared Kushner, senior advisor of Presdient Donald Trump, for U.S. President Donald Trump's speech in Krasinski Square, in Warsaw, Poland, Thursday, July 6, 2017. The EB-5 Immigrant Investor Program was...
New owner of Centennial Plaza also owns Markham building, harbor casino site
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 the Markham Hotel in downtown Gulfport, has bought out...
Regional Center Updates
Jay peak receiver seeks 1.35m fees expenses
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 up $25 million in settlement proceeds after a judge raised...
Jay peak receiver seeks 1.35m fees expenses
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 up $25 million in settlement proceeds after a judge raised...

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