The quick and dirty changes looming for EB-5

What’s in store for the popular visa program? The wildly popular EB-5 visa program – the vehicle that offers foreign investors a U.S. green card in exchange for an investment in the U.S. economy – is set to sunset Wednesday. While stakeholders believe the program will be renewed, lawmakers have proposed a series of reforms … Read moreThe quick and dirty changes looming for EB-5

Short-term EB-5 Regional Center Program extension would defy logic

The 1992 EB-5 Immigrant Investment Pilot Program (the “Regional Center Program”), a subset of the original 1990 EB-5 regulations (the “EB-5 Program”), should be permitted to expire on September 30, 2015. The original premise of the EB-5 Program in 1990 was that each immigrant investor must create at least 10 real, full-time jobs for U.S. … Read moreShort-term EB-5 Regional Center Program extension would defy logic

Real estate developers want foreign investor green-card program reformed

When Edgewater Resources LLC in St. Joseph sought to turn a former Whirlpool Corp. factory in Benton Harbor into a waterfront resort and championship golf course, it turned to an unusual source of funding, at least for a Michigan developer. Edgewater principal Ron Schults and his partners raised $18 million from 38 foreign investors in … Read moreReal estate developers want foreign investor green-card program reformed

Foreign students love President Xi Jinping according to video

They detail Xi’s experience in the crucible of the Cultural Revolution, where the young man was bullied and taunted over his father’s political status. A video that features foreign students praising Chinese President Xi Jinping has been released by the ruling Communist Party’s official newspaper, People’s Daily. “So everyone just looks at him and they … Read moreForeign students love President Xi Jinping according to video

Visa Bulletin for October 2015: New Format with Dual Charts

The October 2015 Visa Bulletin marks a significant change to the process of determining visa availability. Under the legacy system, there is one cutoff date for each category: You will not be able to submit an application, or if you already have a pending case, it will not be approved, unless your priority date is … Read moreVisa Bulletin for October 2015: New Format with Dual Charts

Powerful developer accused of improper lobbying in $6 billion East Bay redevelopment bid

Lennar Urban, one of the largest Bay Area developers with thousands of units in the region, has been accused by rival Catellus Development Corp. of improperly lobbying the city of Concord over rights to develop a giant $6 billion mixed-use project at the city’s former naval base. In response, Concord has cancelled a planned Tuesday … Read morePowerful developer accused of improper lobbying in $6 billion East Bay redevelopment bid

FBI investigating Everett developer accused of defrauding investors

The FBI is working with federal civil authorities to investigate an Everett developer accused of defrauding foreign investors by diverting millions of dollars for his own use, court papers show. FBI agents on Aug. 24 served a search warrant at Lobsang Dargey‘s business offices, according to documents filed Tuesday in U.S. District Court in Seattle. The … Read moreFBI investigating Everett developer accused of defrauding investors

In Arizona, a Chinese-Style Bazaar

PhoenixMart will bring almost 2,000 businesses under one roof. Every year, thousands of Americans travel to the sprawling Yiwu wholesale market, about 160 miles from Shanghai, to buy supplies for their businesses, whether it’s furniture for a hotel or raw materials to build the furniture. They’ll soon be able to find similar one-stop-shopping convenience closer to … Read moreIn Arizona, a Chinese-Style Bazaar

96 Indians have got Green Card through EB-5 visa, compared to 9,128 Chinese nationals

Certain portions of the EB-5 visa program for foreigners, to expedite Green Cards in exchange for investment in projects in the US, are slated to expire on September 30, and critics are arguing one of the most ire-inducing provisions should just be let go. Congress implemented the EB-5 program as part of an overarching overhaul … Read more96 Indians have got Green Card through EB-5 visa, compared to 9,128 Chinese nationals

New US Citizenship and Services office opens next week

U.S. Citizenship and Services is preparing to celebrate the grand opening of a new field office in West Ashley. The USCIS is an agency within the Department of Homeland Security that oversees legal immigration, and is responsible for immigration benefits. The grand opening will be held Tuesday, Sept. 29 at 10:00 a.m. at 1821 Sam Rittenberg … Read moreNew US Citizenship and Services office opens next week

USCIS to Welcome More Than 36,000 Citizens During Annual Constitution Day and Citizenship Day Celebrations

U.S. Citizenship and Immigration Services (USCIS) is launching new efforts to highlight U.S. citizenship and immigrant civic integration to celebrate Constitution Day and Citizenship Day. These initiatives will also improve customer service and support aspiring citizens on their path to naturalization. The initiatives include: Naturalization Ceremonies From Sept. 17-23, USCIS will welcome more than 36,000 new … Read moreUSCIS to Welcome More Than 36,000 Citizens During Annual Constitution Day and Citizenship Day Celebrations

U.S. Chamber of Commerce Pens Op-Ed in Support of the EB-5 Program

Thomas J. Donohue, President and Chief Executive Officer of the U.S. Chamber of Commerce, has penned an op-ed  for The Hill  on the benefits of the EB-5 program that discusses how the program is simply smart government policy. The op-ed breaks down the process and the nuances of the program under current law. Mr. Donohue … Read moreU.S. Chamber of Commerce Pens Op-Ed in Support of the EB-5 Program

Should Congress Let Wealthy Foreigners Buy Green Cards?

The massive $20 billion Hudson Yards project is one of the nation’s biggest development efforts. When it’s completed on New York’s west side, it will have have 5,000 apartments, six skyscrapers, and pneumatic tubes for trash disposal. And one more feature of the project: It has paved the way for the green cards of about 1,200 Chinese millionaires. How’s that? Via … Read moreShould Congress Let Wealthy Foreigners Buy Green Cards?

EB-5 programme: Fast track to a green Card

Dr Kiran C Patel is a well-known cardiologist and philanthropist in Tampa, Florida, who has built a business empire of health insurance and managed healthcare companies worth billions of dollars. But when he set up the Wyndham Clearwater Beach Project, Dr Patel was looking more at helping friends and family in India to invest in … Read moreEB-5 programme: Fast track to a green Card

EB-5 Investor Visa Program Facing Expiration Amid Reform Calls Over Alleged Fraud

As a Sept. 30 expiration date looms for the U.S. Immigrant Investor Program, better known as the EB-5 visa program, congressional negotiators are expecting to extend the program even as they debate significant changes governing the alternative financing source for foreign investment in commercial real estate development projects.  The EB-5 regional center investment program, which allows foreign … Read moreEB-5 Investor Visa Program Facing Expiration Amid Reform Calls Over Alleged Fraud

Direct flight to San Francisco sought

JALANDHAR (TNN | Sep 21, 2015, 03.17 PM IST ) : Ahead of Prime Minister Narendra Modi’s visit to California scheduled for last week of September, the North American Punjabi Association (NAPA) has sought direct flights between San Francisco and Amritsar. “More than six lakh Punjabis live in and around California and they have been … Read moreDirect flight to San Francisco sought

New Report Outlines EB-5 Visa Program Successes, Challenges

The EB-5 immigrant investor visa program has been a catalyst for important regional economic investment, often in distressed areas, but continuing reforms could ensure the program’s integrity and functionality as its popularity increases, according to a new Bipartisan Policy Center report released today, ahead of expected congressional action on the program. Congress must reauthorize the Regional Center Program, … Read moreNew Report Outlines EB-5 Visa Program Successes, Challenges

Chinese firms partner to promote EB5 property investment

Leading Chinese property website Juwai.com has formed a partnership with top Chinese immigration consultancy Wailian to promote the United States EB5 investment visa scheme. The two companies will exclusively work together on the marketing of real estate development projects that are approved for participation in the EB-5 program and vetted by Wailian Overseas Consulting Group Ltd. … Read moreChinese firms partner to promote EB5 property investment

Reform on the horizon for the popular EB-5 Program

The 2016 political season has kicked into high gear, sparking lively discussions about major issues affecting the country. Two of the most significant issues being debated among the candidates are the economy and immigration. Typically, these topics are analyzed independently; however, the conversation has recently intersected at the sun-setting EB-5 Visa Program which expires on September 30, … Read moreReform on the horizon for the popular EB-5 Program

Are EB-5 Investments Considered Securities?

The EB-5 program provides foreign investors who demonstrate that their investments create a minimum level of required job creation in the United States with a potential avenue to lawful permanent residency, also known as a “green card.” Specifically, a foreign national who places a certain amount of money at risk and creates or preserves a minimum number … Read moreAre EB-5 Investments Considered Securities?

Immigration attorney in court, but he’s the accused in case of Chinese having U.S. babies

An Irvine-based immigration attorney went on trial in Santa Ana Tuesday on charges of obstructing justice in a case involving a crackdown on a scheme to help Chinese nationals give birth in America to establish U.S. citizenship for their newborns. Ken Zhiyi Liang is charged in a three-count indictment with conspiracy to obstruct justice. His … Read moreImmigration attorney in court, but he’s the accused in case of Chinese having U.S. babies

As EB-5 investor visa program faces sunset, should it be renewed?

The EB-5 visa program grants permanent resident status to foreign investors who inject $500,000 into a US business that leads to the creation of at least 10 jobs. Critics call it the “cash for green card” program, proponents say it’s a job booster that the US economy desperately needs. The EB-5 visa program grants permanent … Read moreAs EB-5 investor visa program faces sunset, should it be renewed?

EB-5 Securities Expert Steve Anapoell to Speak at IMN Private Equity Forum on Senior Housing

EB-5 structure and securities expert Steve Anapoell, co-founder and managing partner of BridgeForth Capital, will be speaking at the IMN Real Estate Private Equity Forum on Senior Housing, September 17-18 in Santa Monica. BridgeForth Capital is a sponsor of the inaugural conference, which aims to connect senior housing executives and private equity financers. Anapoell will participate in … Read moreEB-5 Securities Expert Steve Anapoell to Speak at IMN Private Equity Forum on Senior Housing

Indian detainees in US end hunger strike

WASHINGTON: More than 40 immigrants from India at the US Immigration and Customs Enforcement in Texas have ended their hunger strike after a week of protesting their detention while seeking political asylum. Immigration and customs enforcement officials at El Paso Processing Centre in Texas confirmed that all the protestors were eating their food as of … Read moreIndian detainees in US end hunger strike

Sikh Asylum-Seekers Freed From US Jail After Hunger Strike

WASHINGTON: Twenty of the 22 Indian Sikh asylum-seekers, who were on hunger strike for over two weeks at a detention centre in Florida protesting against alleged unfair practices by immigration department, have been released on bond to fight their cases. These 20 asylum-seekers went on hunger strike on July 25 to protest ICE’s decision to … Read moreSikh Asylum-Seekers Freed From US Jail After Hunger Strike

68 Indians Detained in Washington for Crossing into US Illegally

WASHINGTON: At least 68 Indian nationals have been taken into custody at a detention center near Seattle in the US state of Washington for allegedly crossing into the country illegally, the US Immigration and Customs Enforcement (ICE) department has said.Of them, about half were detained in the last one month while they tried to sneak … Read more68 Indians Detained in Washington for Crossing into US Illegally

NYC’s development czars light up TRD Shanghai forum

From left: Ifei Chang, Shang Dai, Eliot Spitzer, Steve Witkoff, John Liang and Stan Gale Jr.  New York City and China’s biggest developers dished on joint ventures, EB-5 financing and the importance of good partners in a no-holds-barred chat at The Real Deal’s inaugural U.S. Real Estate Showcase & Forum in Shanghai. Speaking on Friday’s … Read moreNYC’s development czars light up TRD Shanghai forum

Owners of Oakland’s Tribune Tower, other buildings embroiled in lawsuit

Partners who created one of Oakland’s biggest job centers and bought four downtown office buildings, including the Tribune Tower, have fallen out and are on opposite sides of a lawsuit. Allan Young is alleging that Tom Henderson blocked Young from accessing financial information in their company, Callsocket, which operates a call center with hundreds of agents in the … Read moreOwners of Oakland’s Tribune Tower, other buildings embroiled in lawsuit

Construction panel targets labor shortage, public-private partnerships

Largest public-private contract 10 years ago was $150M, now it’s $800M, panelist said The shortage in quality labor, the challenges to public-private partnerships and the viability of EB-5-funded projects were among the topics discussed at a forum covering civic and vertical construction on Thursday morning. “Florida is such an active market. Maybe it’s the weather, … Read moreConstruction panel targets labor shortage, public-private partnerships

https://eb5projects.com/updates/project_updates/521

There will be 64 assisted-living units and 34 memory care units, as well as a dining room, recreation center and green space. Zenith Capital and Seniority are teaming up to build what they said will be the first assisted-living and memory care community for seniors in Covington. Construction is slated to start in mid-2016 on the 98-unit … Read morehttps://eb5projects.com/updates/project_updates/521

LETTER FROM WASHINGTON: Immigrant investors spawn new US industry

IF YOU are desperate to emigrate to the US, have half-a-million dollars you’re willing to park with a US property developer without earning much of a return, and can’t qualify otherwise, you might want to take a look at the EB-5 immigrant investor programme and then consider another plan. In the decade ending September 30 … Read moreLETTER FROM WASHINGTON: Immigrant investors spawn new US industry

Visa program for wealthy foreigners at risk of fraud, report says

As Congress considers renewing a visa program for wealthy foreigners, government auditors say the program needs better oversight by the Department of Homeland Security to deter fraud and clarify how much it benefits the U.S. economy. At issue is the EB-5 immigrant investor program, which allows foreigners to get green cards by investing at least … Read moreVisa program for wealthy foreigners at risk of fraud, report says

Special Interest Groups Pressure Congress on Regional Center Program Reauthorization under the EB-5 Legislation

The More American Jobs Alliance calls out large developer groups MAJA, the More American Jobs Alliance, is taking a stand against special interest groups which seek to undermine the benefit of the Immigrant Investor Program (known as ‘EB-5’) to the United States economy and American workers. The Regional Center (‘RC’) program, a sub-category of EB-5 … Read moreSpecial Interest Groups Pressure Congress on Regional Center Program Reauthorization under the EB-5 Legislation

Washington Post Gets an Immigration Issue Right – End EB-5!

Rarely is the Washington Post right on immigration issues, but its lead editorial on Labor Day was exactly on target — it said that the nation should terminate the EB-5 (immigrant investor) program. The main part of the program — which grants a full set of green cards to an alien family putting $500,000 into … Read moreWashington Post Gets an Immigration Issue Right – End EB-5!

Wisconsin company buys Country Home Products

Publicly traded Wisconsin company, Generac Holdings, Inc., has purchased Country Home Products of Vergennes and its subsidiaries, including DR Power Equipment and Neuton electric lawn mowers. The deal closed on Aug. 1. Generac designs and manufactures a wide range of generators as well as other products such as light towers, pumps and power washers for … Read moreWisconsin company buys Country Home Products

Millionaire investors flock to the US on visas

A record wave of Chinese millionaires are flocking to the US in hopes creating their own American Dream. The deep-pocketed entrepreneurs are buying their way into the US — for themselves and their families — and in turn escaping the hard economic environment at home by investing in US “anchor” businesses and promising to create … Read moreMillionaire investors flock to the US on visas