Sunset Park medical condo building seeks $76M sellout

Winley Plaza Condominium files most expensive condo offering of any kind in Sunset Park A group of Flushing investors building a medical condo development in Sunset Park are seeking a total sellout of nearly $76.3 million for the property in what would be the most expensive condo offering of any kind to date in the … Read moreSunset Park medical condo building seeks $76M sellout

Is the Chinese investment boom in NYC real estate already over?

Developers fear market turmoil in China could turn off cash spigot to NYC Chinese investors only really started piling into New York’s commercial real estate market two years ago, and The Real Deal proclaimed 2015 the “year of the Chinese investor.” But now, a growing number of developers argue the party may already be over. … Read moreIs the Chinese investment boom in NYC real estate already over?

Lucky Dragon Casino project in Las Vegas seeking foreign investments

Former Las Vegas Sands president, William Weidner and real estate developer Andrew Fonfa seem to have fallen back on “Plan A” to raise investment capital for their maverick Asian-themed gaming and entertainment venue just off The Strip on West Sahara Ave., in Las Vegas. Having already raised some $60 million in foreign capital through the … Read moreLucky Dragon Casino project in Las Vegas seeking foreign investments

NES Financial’s EB-5 Escrow Solution Selected by Rhode Island EB-5 Regional Center for Manufacturing Facility Project

EB-5 capital being used beyond commercial real estate projects in a variety of other sectors NES Financial announced today that its Intelligent EB-5 Escrow Administration Solution has been selected by Rhode Island EB-5 Regional Center on its Quick Fitting Manufacturing project. Quick Fitting Manufacturing is a state-of-the-art manufacturing facility being built in Rhode Island to support … Read moreNES Financial’s EB-5 Escrow Solution Selected by Rhode Island EB-5 Regional Center for Manufacturing Facility Project

Attorney plans to develop Gulfport harbor casino, renovate Markham Hotel

A Virginia attorney flew into town Tuesday night to say he plans to build a $140 million casino resort in the harbor — and has a contract to buy the derelict Markham Hotel downtown, which he will renovate for offices or apartments. Attorney Robert Lubin, who specializes in creating investment opportunities for foreigners seeking visas, said … Read moreAttorney plans to develop Gulfport harbor casino, renovate Markham Hotel

Taking the Mystery Out of EB-5 Regional Centers

Multifamily and Student Housing are coming to Miami! Registration is open for RealShare STUDENT HOUSING and RealShare APARTMENTS EAST. Double the networking at The Thompson Hotel, Miami Beach on February 23-24. Discounts available when you attend both events. Is the EB-5 program is making our city even more diverse by attracting a growing Asian population? … Read moreTaking the Mystery Out of EB-5 Regional Centers

Securities Fraud—What Do RMBSs, EB-5s and Political Intelligence Have in Common?

Why it matters: A few interesting and diverse securities fraud matters from late 2015—one from the Second Circuit, two from the SEC—caught our eye. Read on for a recap. Detailed discussion: The last two months of 2015 saw the announcement of three interesting and diverse matters from the world of securities fraud jurisprudence and enforcement that we found … Read moreSecurities Fraud—What Do RMBSs, EB-5s and Political Intelligence Have in Common?

Letter: Investigate loss of ‘stolen’ funds

While teacher pay and increasing health care coverage are both important issues, the most important issue to be tackled this legislative session must be government corruption. Over the last two years, we’ve seen the explosion of two major scandals, EB-5 and Gear Up. At last count, there are $120 million missing from the EB-5 funds; … Read moreLetter: Investigate loss of ‘stolen’ funds

NES Financial Presenting the Third Annual EB-5 Innovation Summit Seminar Series

Advanced seminars offer insight into likely industry reforms and practical real world solutions for stakeholders to be well prepared. Each year, our seminar focuses on current and upcoming industry trends and presents solutions that enable industry stakeholders to better serve investors, operate more efficiently, and prepare for emerging EB-5 compliance requirements. During the month of … Read moreNES Financial Presenting the Third Annual EB-5 Innovation Summit Seminar Series

Receiver wants to sell Dargey’s Potala Tower, other projects

Lobsang Dargey, CEO of Dargey Development and Path America, is seen next to a rendering of the Potala Tower in his office in Bellevue. (John Lok/The Seattle Times) The court-appointed receiver now running Path America, which bankrolled real-estate projects through Chinese immigrant investors, says three of its four developments should be put up for sale as soon as possible, including … Read moreReceiver wants to sell Dargey’s Potala Tower, other projects

5 takeaways from bisnows first ever NY Foreign Investment event

  From a regulatory environment in flux to some unexpected tips on bridging cultural gaps when cash flies around between countries, the 300-plus people in attendance learned a lot at Bisnow’s first-ever NY Foreign Investment event, held Tuesday in Manhattan.   1. It’s Not Your Dad’s FIRPTA Anymore Congress isn’t anywhere near repealing the Foreign Investment & … Read more5 takeaways from bisnows first ever NY Foreign Investment event

Changes on the Horizon: Discussions of Looming EB-5 Reform

EB-5’s TEA Reform Drama The last six months have seen a lot of drama for the EB-5 Regional Center Program (“the Program”). Starting with the release of S. 1501 in June of last year – one of the first major bills proposing reauthorization and reform of the Program – an avalanche of draft bills, extensions, … Read moreChanges on the Horizon: Discussions of Looming EB-5 Reform

Palm House developers facing another lawsuit over use of funds

Daily News Staff Writer Developer Robert Matthews and others involved in the beleaguered Palm House project now face two lawsuits alleging misuse of $16 million loaned to rebuild the hotel-condominium. Minority owner Ryan Black filed the second suit late last month. It repeats many of the claims made in a suit filed the same day by a … Read morePalm House developers facing another lawsuit over use of funds

Investors defrauded for millions through eb-5 visa program

The New York Post reports on the latest case from the much-abused EB-5 “investor’s visa” program, which the open-borders lobby routinely insists is working just fine: Port St. Lucie, a disparate series of residential developments and strip malls, had little to boast beyond its proximity to a nuclear plant and its fame as the spring … Read moreInvestors defrauded for millions through eb-5 visa program

Wal-Mart nixes stores at Skyland, Capitol Gateway

Wal-Mart has canceled long-standing plans to build two stores in D.C., raising doubt about the future of Skyland Town Center, the massive project in Ward 7 a decade in the making. The news came Friday morning as part of an announcement that the world’s largest retailer would close 269 stores worldwide, including 154 in the United … Read moreWal-Mart nixes stores at Skyland, Capitol Gateway

USCIS Teleconference Invitation

  U.S. Citizenship and Immigration Services invites you to the first EB-5 Immigrant Investor Program teleconference of 2016, on Wednesday, Feb. 3, from 1 to 2:30 p.m. (Eastern). During the first part of this teleconference, we will provide EB-5 program updates. The second part will be a question-and-answer session. We invite you to ask non-case specific … Read moreUSCIS Teleconference Invitation