THE BIG APPLE OR BEIJING? Chinese investment in NYC real estate has skyrocketed over the past year

Chinese investors are taking a big bite out of the Big Apple All of Manhattan is becoming Chinatown. Chinese investors and developers are flooding the local real estate market at never-before-seen levels, buying some of New York City’s most iconic buildings at prices that local buyers aren’t willing to pay. “Insane is definitely the right … Read moreTHE BIG APPLE OR BEIJING? Chinese investment in NYC real estate has skyrocketed over the past year

University Hospitals Project: Why EB-5

University Hospital’s (UH) ‘Vision 2010’ expansion campaign saw the construction of several new hospital facilities and upgrades to existing facilities, that significantly increased UH’s ability to serve patients. Thanks to imaginative leadership the community and UH, the expansion plan committed to hiring an unprecedented number of local union contractors and vendors for the construction and procurement … Read moreUniversity Hospitals Project: Why EB-5

Larry Wang has helped thousands of rich Chinese get to Canada. He’s no fan of new immigration policies

Larry Wang has quietly helped shape modern Vancouver, though few in the city have probably heard of him – unless they used his services to get here. As the president of one of China’s top immigration consultancies, Well Trend United, Wang has helped thousands of rich Chinese move to Canada. He says his company, which employs hundreds … Read moreLarry Wang has helped thousands of rich Chinese get to Canada. He’s no fan of new immigration policies

E3 Investment Group’s Scalable-Direct Business Model Receives First Green Card Approval

E3 Investment Group is pleased to announce that the first I-526 green card petition based on its Scalable-Direct business model has been approved by United States Citizenship and Immigration Services. In many ways, this is the final milestone in our Scalable-Direct business model, noted E3 Investment Group CEOMatthew Gordon. This approval is related to our E3 Cargo … Read moreE3 Investment Group’s Scalable-Direct Business Model Receives First Green Card Approval

Filing EB-5 exemplar petitions before September 30, 2015: strategic considerations

Change is on the EB-5 horizon. With the Regional Center Program nearing its expiration and recent legislative efforts coming from lawmakers, we may see some action by Congress or the Senate before the end of September. But with the Iran deal taking center stage on Capitol Hill, how much time lawmakers will spend on EB-5 … Read moreFiling EB-5 exemplar petitions before September 30, 2015: strategic considerations

Employment – Unemployment: 25 – 54 Age-group Still Getting Pounded.

Subjects: Unemployment, Immigration, Employment growth, Ages 25 – 54, Male, Female I recently read a ZeroHedge article, by Tyler Durden, with a thesis on how most employment growth has been going to males, 55 years and older.  I noticed two flaws in the analysis. First, some comparisons only included the age-group 55 – 64 and other … Read moreEmployment – Unemployment: 25 – 54 Age-group Still Getting Pounded.

Former EB-5 Regional Center director defends his ethics

The former director of Vermont’s EB-5 Regional Center defended his ethics Thursday, following a statement from the governor’s office that implied he may have violated the state’s ethics code by accepting a job at Mount Snow. The Regional Center approved a $52 million EB-5 project underway at Mount Snow ski resort in West Dover. “I had counsel review … Read moreFormer EB-5 Regional Center director defends his ethics

Help Wanted As Burke Expands Ski Resort in Northeast Kingdom

There’s a hiring spree going on in the ski resort town of Burke in the Northeast Kingdom. A new hotel and conference center due to open in December will need as many as 200 workers. The rush is on to find them as construction moves ahead. About halfway up Burke Mountain a construction crew is building stylish … Read moreHelp Wanted As Burke Expands Ski Resort in Northeast Kingdom

Key EB-5 panel set for TRD’s showcase in Shanghai

Mastroianni and other EB-5 experts to participate Nicholas Mastroianni II, Min Chan, Kate Kamykov, Ron Klein and Clem Turner will be participating in the panel, “EB-5/Immigration & real estate” at The Real Deal’s September showcase in China. The panel will offer a look at how EB-5 works and a survey of the current approved projects, … Read moreKey EB-5 panel set for TRD’s showcase in Shanghai

Chinese seek green card out of NY ferris wheel fund

An massive ongoing ferris wheel construction project in New York is gaining the support of Chinese investors hoping to get a green card from the project, reports Yicai, the online portal of Shanghai’s China Business News. The giant wheel, to scrape 630 feet in height and hold 36 pods, is part of a larger site … Read moreChinese seek green card out of NY ferris wheel fund

Microsoft Uses Women’s Soccer Team to Regurgitate Faulty Data

Microsoft Uses Women’s Soccer Team to Regurgitate Faulty Data Microsoft’s use of the US Women’s Soccer Team and faulty data to try to increase immigration falls to a new low. Written by Steve Kritzer on Monday July 20th 2015 Subjects: shortage of Computer Science (CS) graduates, Women’s Soccer, H-1B train your replacement, shortage debunked, Computer … Read moreMicrosoft Uses Women’s Soccer Team to Regurgitate Faulty Data

Misleading Employment Situation Report

Here’s the quote from the first line of Employment Situation Report for June 2015.  “Total nonfarm payroll employment increased by 223,000 in June, and the unemployment rate declined to 5.3 percent,…” These two pieces of data are not even from the same surveys.   The problem here is that the Unemployment rate is taken from the Household … Read moreMisleading Employment Situation Report

Developer breaks ground on Delano hotel, lifestyle center

The 45-acre Delano Marketplace development is already well underway with a power center anchored by Walmart, Big 5 Sporting Goods and Ross Dress for Less, but there’s much more to come. On Wednesday, developer YK America broke ground for another phase of the project — the Vineyard Lifestyle Center and an adjacent Hyatt Place Hotel. … Read moreDeveloper breaks ground on Delano hotel, lifestyle center

SEC charges Luca International Group in Scheme targeting Chinese-Americans and EB-5 investors

The Securities and Exchange Commission charged Luca International Group  and its CEO with running a $68 million Ponzi-like scheme and affinity fraud that targeted the Chinese-American community in California and investors in Asia, including some solicited as part of the EB-5 Immigrant Investor Program. The SEC alleges that Bingqing Yang knew that Luca International Group was earning no profits and sinking under a mountain … Read moreSEC charges Luca International Group in Scheme targeting Chinese-Americans and EB-5 investors

SEC Charges EB-5 Brokers with Violation of the Exchange Act

On June 23, 2015, the Securities and Exchange Commission (“SEC”) instituted public administrative and cease-and-desist proceedings pursuant to the Securities Exchange Act of 1934 (“Exchange Act”) against Ireeco, LLC and Ireeco Limited, for illegally brokering investments by foreigners seeking U.S. residency through the U.S. government’s EB-5 Immigrant Investor Program.  According to the SEC, Ireeco LLC, … Read moreSEC Charges EB-5 Brokers with Violation of the Exchange Act

Mayor, Gorman head to China to raise $25M for Rockford hotel

Gary Gorman and Larry Morrissey are Shanghai-bound Wednesday to raise $25 million for Gorman & Company’s $67 million plan to turn the Amerock building into a downtown hotel. They’re headed to China with Powerpoint slides and sales pitches to court wealthy investors, who saw financial markets plunge 28 percent last week before government intervention led … Read moreMayor, Gorman head to China to raise $25M for Rockford hotel

EB-5 scandal in California

The former chief financial officer of SolarMax Technology in Los Angeles, Michael McCaffrey, has asserted that his former employer fired him for revealing the company’s “fraud and financial improprieties” in connection with its raising of some $60 million in EB-5 funds.   According to a press release from McCaffrey’s attorney: McCaffrey discovered that SolarMax, by engaging in a series … Read moreEB-5 scandal in California