How Las Vegas’ tourism and retail industries are chasing Chinese dollars

As senior marketing manager for two of the top shopping destinations on the Strip — Fashion Show mall and the Grand Canal Shoppes, both owned by General Growth Properties — Janet LaFevre strives to stay a step ahead of the pack when it comes to recognizing trends in Las Vegas’ visitor demographics. On the international … Read moreHow Las Vegas’ tourism and retail industries are chasing Chinese dollars

EB-5 investor dollars are fueling development in SoCal, but the program is vulnerable to fraud

Patriotic images and posters of Hillary Clinton in the storefront of an EB-5 investment firm in San Gabriel. Foreign investment dollars are transforming parts of the San Gabriel Valley. Drive down parts of Valley Boulevard and one sees new hotels, grocery stores, mini-malls, restaurants, many of them catering to a Chinese immigrant clientele. There’s something … Read moreEB-5 investor dollars are fueling development in SoCal, but the program is vulnerable to fraud

Oakland developer seeks Chinese investors to fund 250 units of new housing

Sunfield Development LLC is hoping to attract nearly a hundred foreign investors through the EB-5 program to partially fund a new housing project at 1800 San Pablo Ave. in Oakland. The Oakland-based developer has filed a preliminary application with the city for 250 residential units and 25,000 square feet of commercial space at the site, … Read moreOakland developer seeks Chinese investors to fund 250 units of new housing

Immigration officials not doing enough to assess fraud in foreign investor visa program, GAO says

Federal immigration officials aren’t doing enough to identify and address unique fraud and national security risks in an immigrant visa program that encourages foreign individuals to make capital investments and create jobs in the U.S. in exchange for a green card and path to citizenship, congressional investigators said in a recent report. The Government Accountability … Read moreImmigration officials not doing enough to assess fraud in foreign investor visa program, GAO says

Jay Peak fails to meet water quality targets in settlement with state, Environment Group

Jay Peak Resort, Inc., has not met water quality targets agreed to in a February settlement with the Agency of Natural Resources and the Vermont Natural Resources Council, records show. The state’s environmental enforcement agency has imposed pollution control measures on development at the resort since 2006, but several streams have not fully recovered in … Read moreJay Peak fails to meet water quality targets in settlement with state, Environment Group

Overview of Latest August 2015 EB-5 Stakeholders Meeting with USCIS

On Aug. 13, 2015, USCIS held a stakeholder engagement for individuals interested in the EB-5 program in Los Angeles and via conference call.  The engagement was attended by several leaders of the Immigrant Investor Program Office (IPO) of USCIS (including its Chief, Nicholas Colucci), who all emphasized USCIS’ prioritization on the integrity of the EB-5 program as … Read moreOverview of Latest August 2015 EB-5 Stakeholders Meeting with USCIS

Report: Feds Must Do More to Assess ‘Wealthy Investor’ Visa Fraud

With three bills now before Congress seeking to overhaul and reauthorize the soon-to-expire EB-5 foreign investment program, which provides a pathway to American citizenship popular among wealthy Chinese citizens, a report this month from the United States Government Accountability Office said the federal agency charged with administering that program must do more to assess fraud risks. While the GAO report noted that the … Read moreReport: Feds Must Do More to Assess ‘Wealthy Investor’ Visa Fraud

Vietnam firms dodge law in transferring money for immigrant investor programs’ applicants

Many Vietnamese firms said they can dodge the law to transmit money abroad for their clients who are applicants for immigrant investor programs offered by the U.S. and other countries. Such money transmissions are necessary for applicants to prove their financial capability as required by such programs as the U.S.’s EB-5 Immigrant Investor Program and two other … Read moreVietnam firms dodge law in transferring money for immigrant investor programs’ applicants

Alliance Media Group Holdings, Inc Partners With the United States Regional Economic Development Authority (USREDA)

Alliance Media Group Holdings, Inc. announced today that through its subsidiary Carbolosic, LLC the Company has entered into an agreement with the United States Regional Economic Development Authority (USREDA) to provide up to $150,000,000 in debt funding for the construction of five (5) Cellulose to Sugar (CTS) plants in South Florida through the South Atlantic Regional Center (SARC). USREDA … Read moreAlliance Media Group Holdings, Inc Partners With the United States Regional Economic Development Authority (USREDA)

USREDA Successfully Represented EB-5 Investors

Several US-based firms failed to represent clients in court; USREDA helped win reimbursement for defrauded immigrant investors. United States Regional Economic Development Authority, LLC (USREDA) and its legal counsel played a pivotal role in persuading a Federal Court judge to return capital to defrauded foreign investors in a timely manner according to official court documents.  Despite this, … Read moreUSREDA Successfully Represented EB-5 Investors

Chinese firm, local partner start Bellevue apartment project

Tom Yang, left, president of the Chinese company Create World Group, stands with local developer and partner Kevin Daniels at the site in downtown Bellevue that will become Create World’s first. A private Chinese real-estate company broke ground Monday in downtown Bellevue on a six-story, 162-unit apartment building, the first of several it plans on … Read moreChinese firm, local partner start Bellevue apartment project

Reform, Reauthorization of EB-5 Investment Program Urged

Real Estate Roundtable President and CEO Jeffrey DeBoer.  Congressional reauthorization of EB-5 “regional centers” needs to pass before the investment program expires on September 30, and should include measures to improve the program’s transparency and accountability as outlined in an August 12 report by the U.S. Government Accountability Office (GAO), according to Jeffrey DeBoer, President … Read moreReform, Reauthorization of EB-5 Investment Program Urged

EB-5 immigration program susceptible to fraud

The immigration program for wealthy investors — the Employment-Based Fifth Preference Immigrant Investor Program or EB-5 — is vulnerable to fraud, new a Government Accountability Office report reveals. The EB-5 Program provides visas to foreign nationals who invest $1 million — or $500,000 in high unemployment areas — in a commercial enterprise and create at … Read moreEB-5 immigration program susceptible to fraud

Hotel Astor, Iconic Art Deco Property in Miami Beach, Now Approved Under the EB5 Program to Undergo Multi–Million-Dollar Refurbishment

Hotel Astor, managed by “true Boutique hotel” management company STEM™ Hotels, is announcing a 2 million dollar refurbishment program to enhance and reposition the property, a landmark 1936 Art Deco hotel located in the heart of South Beach, Miami. The hotel aims to recapture its iconic status on Miami Beach by restoring all guest rooms … Read moreHotel Astor, Iconic Art Deco Property in Miami Beach, Now Approved Under the EB5 Program to Undergo Multi–Million-Dollar Refurbishment

Greater Cincinnati casino company grows with hotel acquisition

Union-based Premier Gaming Group has purchased a Natchez, Miss. hotel along with an investment partner A Cincinnati entrepreneur is growing his gaming company with the purchase of its second property. Premier Gaming Group of Union partnered with the Virginia-based EB-5 investment company to form Casino Holding Investment Partners LLC and purchase the 141-room Isle of … Read moreGreater Cincinnati casino company grows with hotel acquisition

Zenith plans Linden Village to meet growing demand for senior housing

When Anthony Hemstad of Zenith Capital looks out the window of his Seattle office, he sees a lot of construction but most of it is not the kind of projects his firm is doing. “I am in downtown looking out at all the cranes, and that’s not for senior housing,” he said. “Generally that’s for … Read moreZenith plans Linden Village to meet growing demand for senior housing

Douglas Development secures Uline construction financing

Douglas Development Corporation, which began work to reshape D.C.’s historic Uline Arena this spring, has secured a total of $94 million in construction financing for the mixed-use project. That will cover about 75 percent of the project’s expected cost. Douglas Development is covering the rest. Natixis Real Estate Capital has provided a $75.5 million construction … Read moreDouglas Development secures Uline construction financing

Key EB-5 industry leaders encourage Congress to reauthorize the EB-5 program

The EB-5 Investment Coalition, co-chaired by Managing Shareholder Laura Foote Reiff, joined forces with key members of the EB-5 industry to advocate the reauthorization of the program before the September 30, 2015 expiration date. On August 5, 2015, an EB-5 Stakeholder Letter was hand-delivered to key Members of Congress of the Senate and House leadership and … Read moreKey EB-5 industry leaders encourage Congress to reauthorize the EB-5 program

Starwood to Open Dual-Branded Aloft and Element Hotel Development near Dallas Love Field Airport

Aloft and Element Dallas Love Field are set to Debut in December 2016, just one Mile from the Airport and the Dallas Medical District Starwood Hotels & Resorts Worldwide, Inc. together with Atlantic Hotels Group and Civitas Capital Group announced plans for a 224-room dual-branded Aloft and Element Hotel development in the fast-growing Love Field district in … Read moreStarwood to Open Dual-Branded Aloft and Element Hotel Development near Dallas Love Field Airport

EB-5 : Immigrants’ route to greener pastures

101 TriBeCa, a 63-story, $735-million condo tower, broke ground in late July in Manhattan, thanks in part to $175 million raised through the EB-5 program by U.S. Immigration Fund.  EB-5 investor program teethes on the brink of expiration next month. And proposed changes to its requirements — tied inexorably to the larger issue of immigration reform … Read moreEB-5 : Immigrants’ route to greener pastures

Tom Henderson’s Chinese empire

Oakland entrepreneur says his network of foreign investors and startup businesses will create thousands of jobs Oakland, and hundreds of foreign investors, have their eyes on Tom Henderson. The businessman raised eyebrows in late 2011 when he swooped in and bought the iconic Tribune Tower for $8 million, promising to put a call center — and … Read moreTom Henderson’s Chinese empire

Chinese investors, immigrants sue LA investment firm for misusing money

Chinese and local investors filed a class action lawsuit this week claiming an investment firm that targeted them through Chinese-language media and investment seminars for oil exploration instead used some of the money to buy a luxury home in Fremont and other personal expenses. They’re seeking damages from Luca International Group LLC, which describes itself as … Read moreChinese investors, immigrants sue LA investment firm for misusing money

Opera house revival calls on foreign cash

Part 4 of the history of Fayette’s “New Opera House” series is titled “Historic Fayette Priority LLC.” For the past week in this space, you have read about the past of the three-story brick building that sits abandoned on the southeast corner of the Fayette square, a relic of failure overshadowed by the resplendent Howard … Read moreOpera house revival calls on foreign cash

Finally your deal might get foreign money

Foreign capital has finally gotten comfortable with Chicago—it’s accounted for $2B in Chicago office building deals in the last year and a half alone. So far, it’s been limited to core deals, but it’s starting to trickle through the market. That was the main takeaway from Bisnow’s The Real Estate Money Machine: Chicago’s Capital Markets … Read moreFinally your deal might get foreign money

Miami Taps EB-5 Visa Program to Help Fund Affordable Housing

Chinese seeking U.S. residency help finance new construction Miami is turning to the Chinese to help solve its affordable-housing problem. Last week, Miami Mayor Tomás Regalado called on housing developers to build more apartments targeted to teachers, police officers, young professionals and senior citizens—groups that have been on the sidelines during the city’s luxury-housing boom. … Read moreMiami Taps EB-5 Visa Program to Help Fund Affordable Housing

Year-round market still lies in flux

The concrete walls are exposed and the floors unfinished. The wide-open 8,500-square-foot future year-round farmers market in Everett is bare but for a few model produce racks and a smattering of construction leavings. But ask Alicia Moreno, the project’s general manager, for a tour and the gray place becomes vibrant as her voice echoes through … Read moreYear-round market still lies in flux

Stenger’s ‘Renaissance’ Raises Hope — and Skepticism — in Newport

In March, wrecking crews demolished one of four commercial blocks in downtown Newport. Where a four-story apartment and commercial buildings once stood, only cellar holes remain. The demolition, by Jay Peak Resortpresident Bill Stenger, was touted as a key step toward the economic rebirth of this city on the shores of picturesque Lake Memphremagog, just miles from … Read moreStenger’s ‘Renaissance’ Raises Hope — and Skepticism — in Newport

National company buys EB5 funded country home products

A publicly traded company has acquired a company that manufactures power tools in Vergennes and Winooski. Generac Holdings acquired Vergennes-based Country Home Products on Aug. 1 for an undisclosed sum. Country Home Products started in 1985 making log splitters and machine chippers, and owns brands such as DR and Neuton. Generac Holdings Inc., based in … Read moreNational company buys EB5 funded country home products

EB5 Investors Magazine article on Group 32: Dakota Spirit

For some people, their passion leads them to a specific job. For others, like Cathleen O’Higgins, however, her job led her to discover a passion. O’Higgins is the health, safety, and environmental coordinator at Dakota Spirit AgEnergy, a company in the ethanol industry. In this position, she works to ensure the safety of the employees … Read moreEB5 Investors Magazine article on Group 32: Dakota Spirit

South California on a path of recovery with growing industrial complexes

  The Inland Empire could be considered Southern California’s backlot, with its vast warehouse complexes and staging areas. Typically defined as the region east of Los Angeles and Orange Counties, and encompassing San Bernardino and Riverside Counties, this area of industrial development has been on a long march to recovery since the 2008 financial crisis. Tens … Read moreSouth California on a path of recovery with growing industrial complexes

Dr. Gregory Finkelson, Heading to China

    Dr. Gregory Finkelson, President of American Corporate Services, Inc., announced that he will travel to China in September. During his 12-day visit, Dr. Finkelson will meet with investors, and CEOs of prosperous, high tech companies in Beijing, Shanghai, Shenzhen and other cities yet. In addition, his schedule includes meetings with potential new clients, Partners and … Read moreDr. Gregory Finkelson, Heading to China

Rockford hotel plan pins hopes on Chinese investors

A developer planning to turn a former factory in downtown Rockford into a hotel is trying to attract Chinese investors looking to get U.S. green cards to help cover the costs. Gary Gorman plans to spend $67 million to turn the Amerock-Ziock building into an Embassy Suites hotel. He told the Rockford Register Star that he … Read moreRockford hotel plan pins hopes on Chinese investors

Mayor Larry Morrissey, Gary Gorman hope China trip brings capital to Rockford

Gorman & Company Inc. is planning to spend $67 million to turn Rockford’s Amerock/Ziock building into an Embassy Suites hotel. In English, her name is Cindy. And she had done her homework. Before the meeting last month with developer Gary Gorman and Rockford Mayor Larry Morrissey, Cindy flew from China to the Midwest. She saw the historic hotel … Read moreMayor Larry Morrissey, Gary Gorman hope China trip brings capital to Rockford

Coventry Airport To Grow As Developers Look To Attract Visitors, Residents To NEK

Northeast Kingdom developer Bill Stenger has unveiled the design for a new airport terminal to be built at the state airport in Coventry. Stenger showed the architectural rendering at a meeting this week of the Northeast Kingdom Airport Committee, a group of policy makers and citizens overseeing changes to the runway and adjacent buildings. The terminal is … Read moreCoventry Airport To Grow As Developers Look To Attract Visitors, Residents To NEK