EB-5 News & Updates January 19-26
Posts
 | FY2016 Q4 EB-5 Petition Statistics, Visa Backlog | |
| I wish I had a merrier Christmas post for EB-5 world, but it’s my duty to report sobering statistics from USCIS for EB-5 petition processing as of Q4 FY2016 (ending September 30) and the National Visa Center for pending visa... | ||
 | DHS Releases Proposed Amendments to EB-5 Regulations | |
| The Department of Homeland Security (DHS) has released for public comment its amendments to the regulations governing the EB-5 Immigrant Investor classification: The EB-5 Immigrant Investor Program Modernization Rule. The EB-5 program... | ||
Updates
Project Updates | ||
 | EB-5 Fallout: Receiver Seeks to Refund $17.9 Million to AnC Bio Investors | |
| The federal receiver for Jay Peak and Burke Mountain resorts filed a motion this week in U.S. District Court asking that nearly $18... | ||
 | Dog dilemma, money woes, Act 46 plans top 2016 local news stories | |
| With a nearly snowless start, a summer with two major development projects on hold, contentious national politics, and a seemingly... | ||
 | $2.5B Century Plaza project is, in fact, happening | |
| One of the biggest projects in Los Angeles is slated to open next year with Fairmont Hotels & Resorts as its operator, developer... | ||
 | EB-5 developer breaks ground on $24M hotel near Miami airport | |
| The EB-5 developer of a $24 million, Miami airport hotel broke ground on Thursday with plans to close an $8 million construction loan in... | ||
 | New York City Regional Center Announces Repayment of $60 million EB-5 Loan in its Brooklyn Navy Yard Phase I Project | |
| The New York City Regional Center (“NYCRC”) is pleased to announce the full repayment of the $60 million EB-5 loan in its Brooklyn Navy... | ||
 | EB-5 Investors Try To Keep Mortgage Holder In $50M Suit | |
| A group of foreign nationals seeking EB-5 visas who allege they were fraudulently duped into investing $50 million in a botched Palm... | ||
 | Boutique Thompson hotel planned near downtown | |
| A newcomer to the Houston hotel scene intends to offer its guests the scale of a boutique property with the service of a five-star... | ||
Regional Center Updates | ||
 | WEILAND: 'Hoodwinked'? No, this is undoing the will of the voters | |
| Although many don't know it, South Dakota was the first state in the nation to allow its citizens to petition their government and engage directly in public policy through the initiated measure process. Here's a good example. Two years ago, the... | ||
 | Politicians Who Steal State Funds Could Face Felony Charges | |
| Attorney General Marty Jackley says he is pleased that the Senate Judiciary Committee has passed a Conflict of Interest bill, which is now on its way to the South Dakota Senate Floor. If passed, the law would make any thefts by any public... | ||
 | Don Keelan: Casualties Of The Shumlin Administration | |
| Dale E. Percy Inc., Mike’s Electric and VHC Co. Inc. are not recognizable business names throughout Vermont. Nor are they in businesses that garner a great deal of attention – notably, ski resorts, maple sugaring, dairy and organic farming, and... | ||
 | Bill Schubart: Ethics Commission Well Worth Its Cost | |
| The Vermont Legislature is at an impasse trying to decide whether to establish and fund a statewide ethics commission. There has been considerable favorable testimony by Vermonters, ethicists and Secretary of State Jim Condos, who has been a... | ||
 | S.D. lawmakers take first step in repealing ethics overhaul | |
| South Dakota lawmakers took the first step Monday to repeal an embattled government ethics overhaul approved by voters in November. The House and Senate State Affairs committees held a joint hearing on the proposal, which the House panel voted to... | ||
 | Maple Street accused of misuing Hoover project funds | |
| An investment group has filed a lawsuit that accuses Maple Street Investors, owners of the Hoover District project, of misusing part of a $36 million loan acquired through a federal program and intended solely for the project. "Although projected... | ||
 | S.D. lawmakers move to gut ethics initiative | |
| South Dakota lawmakers are moving swiftly to dismantle a set of ethics changes approved by voters last year, in what has become a heated battle between national forces over the role of money in politics. The South Dakota House voted 54-13 this... | ||
Firms Updates | ||
 | GANDSInvestors Submits Comment To Proposed International Entrepreneur Rule; Advocates For EB-5 Regulatory Reforms | |
| This week, GANDSInvestors team members Jonathan Grode and Matthew Galati submitted a comment to USCIS’ Proposed Rule for International Entrepreneurs. A full copy of our comment is publicly available and attached. As we discussed earlier, the... | ||
 | SEC Fines BlackRock and HomeStreet for Impeding Whistleblowers: Enforcement | |
| The Securities and Exchange Commission announced two cases this week against companies that took steps to impede whistleblowers. On Thursday, the SEC announced that Seattle-based financial services company HomeStreet Inc. agreed to pay a $500,000... | ||
 | EB-5 Investor Sues USCIS Over Application Delays | |
| A Chinese immigrant and an EB-5 investor fund have lodged a complaint against the U.S. Department of Homeland Security's U.S. Citizenship and Immigration Services, accusing the agency of delaying a green card application so severely that it’s... | ||
 | West Coast Real Estate Update: Jan. 23, 2017 | |
| California Prepares for Possible Rollback of Federal Water, Wetlands Regulations Scott Pruitt, President Donald Trump's pick to lead the Environmental Protection Agency (EPA), has discussed eliminating what he describes as "unnecessary EPA... | ||
 | Baker Tilly buys EB-5 consulting specialist Wright Johnson | |
| Wright Johnson (WJ) is a Florida based EB-5 visa for Immigrant Investors consulting firm, founded in 2007. The company offers a range of advisory services in the areas of Regional Centre development, economic impact studies, and business plan... | ||
User Updates | ||
 | Portland Resident Joins Murtha Cullina LLP Immigration Practice | |
| Murtha Cullina LLP is pleased to expand its business services through its new Immigration Practice Group, due to the additions of Partner and Portland resident Dana R. Bucin and Associate Michael J. Bonsignore. As Chair of the Immigration Group,... | ||
 | New RIMS Job Creation Update | |
| Job creation updates now available for 2015 RIMS data. http://eb5-job-update.com/ | ||
 | Senate Bill S. 232 Introduced to Abolish the EB-5 Program | |
| On Jan. 24, 2017, Senators Grassley (R-IA) and Feinstein (D-CA), the Chair and Ranking Committee members of the Senate Judiciary Committee introduced bill S. 232 to terminate the EB-5 Visa Program and to reallocate the employment creation visas... | ||
 | Judge: Quiros Can Sell Condo, But Won't Get The Money | |
| A federal judge will let Jay Peak owner Ariel Quiros sell his New York City luxury condo, but he won’t let him keep the proceeds, at least not right now. Instead, the funds will go into a trust account held by a court-appointed receiver who is... | ||
Litigation Cases
| CMB Regional Centers & CMB Export, LLC vs Maple Street Investors LLC, Stuart Lichter | ||
Events
| Innovation Summit 2017 555 S Flower St., Los Angeles, US 02/02/2017 10:00AM - 7:00PM (EST) With the EB-5 program becoming increasingly more mainstream, the industry must find and implement the right approach to adapt to corresponding regulations. We’ll be sharing strategies and solutions drawn from successes in conventional alternative ... | Free | |
 | Innovation Summit 2017: Miami 100 Chopin Plaza, Miami, US 02/07/2017 10:00AM - 7:00PM (EST) With the EB-5 program becoming increasingly more mainstream, the industry must find and implement the right approach to adapt to corresponding regulations. We’ll be sharing strategies and solutions drawn from successes in conventional alternative ... | Free |
Videos
Introduction to AAP
March 02, 2017
Project Introduction
March 02, 2017
Pennsylvania Turnpike Construction explained
June 15, 2017
Sen. Patrick Leahy, D- VT, answers questions about EB5 fraud allegations surrounding Jay Peak resort owner Ariel Quiros and President and CEO Bill Stenger.
February 23, 2017
Nov 14 EB-5 Projects Live - Lok'N'Blok
November 16, 2016
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