Chanticleer Holdings Closes $500,000 Direct EB-5 Financing for the Opening of Two Little Big Burgers in Oregon

Chanticleer Holdings, Inc. (HOTR) (“Chanticleer,” or the “Company”), owner, operator and franchisor of multiple branded restaurants in the U.S. and abroad, today announced that it has raised $500,000 in direct EB-5 financing to open two Little Big Burgers (LBB) in Oregon. The Company currently has nine LBB restaurants in Oregon. One restaurant will be located … Read moreChanticleer Holdings Closes $500,000 Direct EB-5 Financing for the Opening of Two Little Big Burgers in Oregon

Waterline Resort now Marriott

A new formula business is coming to Holmes Beach from an unexpected place. Joe Collier, president of Mainsail Lodging & Development, announced in an Aug. 24 news release that the Waterline Marina Resort and Beach Club would be part of the Marriott Autograph Collection, an assortment of boutique hotels operated by Marriott International Inc. Mainsail … Read moreWaterline Resort now Marriott

EB-5 Securities Law Roundtable Offers Technical Language Resource to Lawmakers

Check out what’s new in the EB-5 world, where a team of securities lawyers are at work offering to help lawmakers understand complex legal provisions of proposed EB-5 integrity legislation. The group is called the EB-5 Securities Roundtable (the “Roundtable”) and is made up of securities attorneys who represent a broad range of stakeholders in … Read moreEB-5 Securities Law Roundtable Offers Technical Language Resource to Lawmakers

Mount Snow parent sells $20 million in stock to pay for growth, cites EB-5 delay and slow winter

The parent company of Mount Snow Resort in West Dover, Peak Resorts, Inc. (Nasdaq:SKIS), has announced that it has reached an agreement to sell $20 million of its Series A cumulative convertible preferred stock and warrants to purchase common stock to CAP 1 LLC, a family client of Summer Road LLC. The Company expects to … Read moreMount Snow parent sells $20 million in stock to pay for growth, cites EB-5 delay and slow winter

IIUSA Data Report: USCIS Processing Times for I-526, I-829 Petitions and I-924 Applications through June 2016

Last week United States Citizenship and Immigration Services (USCIS) published updated processing times for the Immigration Investor Program Office. You can review the highlights below: I-526 Petition The average processing time for Form I-526, as of June 2016, was 16.7 months representing a slight 1-month increase from the previous month. However, 16.7 months represents a … Read moreIIUSA Data Report: USCIS Processing Times for I-526, I-829 Petitions and I-924 Applications through June 2016

EB-5 Fallout: Florida Firm Offers $93 Million for Jay Peak

Embattled Jay Peak and Burke Mountain Resort owner Ariel Quiros, who is accused by federal and state authorities of masterminding an eight-year Ponzi-like scheme to defraud international investors in the EB-5 program to the tune of more than $250 million, is continuing to press a federal judge to release $640,000 for him to pay his … Read moreEB-5 Fallout: Florida Firm Offers $93 Million for Jay Peak

Three Immigration Lawyers Sanctioned by the SEC for Brokering EB-5 Investments

The Securities and Exchange Commission (SEC) has just published three new decisions in connection with administrative proceedings against two well known immigration lawyers, as well as against a third lawyer. One party has allegedly earned $450,000 in commissions from one EB-5 Offeror alone. This enforcement is not surprising. Last year, we saw several immigration lawyers … Read moreThree Immigration Lawyers Sanctioned by the SEC for Brokering EB-5 Investments

Witkoff, Lorber raising $75M in EB-5 financing for Hollywood Edition

Two New York developers are seeking to raise EB-5 money for the construction of the first Edition Hotel on the West Coast, The Real Deal has learned. Howard Lorber and Steve Witkoff are trying to raise $75 million in mezzanine financing through the program, which grants foreign investors green cards in exchange for a minimum … Read moreWitkoff, Lorber raising $75M in EB-5 financing for Hollywood Edition

People in the News—Aug. 23, 2016—Klasko Immigration Law Partners

H. Ronald Klasko, Daniel B. Lundy and Rohit Kapuria, ­attorneys with Klasko Immigration Law Partners, participated at the 2016 New York EB-5 Convention hosted by EB5 Investors Magazine. Klasko moderated the panels “Understanding and Evaluating Investor Protections and How U.S. Securities Laws Can Affect Overseas Agents” and “China Issues,” Lundy participated as a panelist for … Read morePeople in the News—Aug. 23, 2016—Klasko Immigration Law Partners

Peak Resorts, Inc. Announces Private Placement of $20 million of Cumulative Convertible Preferred Stock

Peak Resorts, Inc. (Nasdaq:SKIS) announced today that it has reached an agreement to sell $20 million of its Series A cumulative convertible preferred stock and warrants to purchase common stock to CAP 1 LLC, a family client of Summer Road LLC (collectively, “Summer Road”), subject to certain conditions precedent, including the approval of Peak’s shareholders. … Read morePeak Resorts, Inc. Announces Private Placement of $20 million of Cumulative Convertible Preferred Stock

Gridiron’s groundfloor retail space being sold to a local entrepreneur

The ground-floor commercial space in Kevin Daniels’ planned Gridiron condo tower will be sold to local entrepreneur David Meinert. Known for his carefully curated hipster favorites including The Comet, Big Mario’s Pizza and Lost Lake, Meinert told the DJC that he bought the retail space in Gridiron, though the transaction and price haven’t yet been … Read moreGridiron’s groundfloor retail space being sold to a local entrepreneur

MAYBE, MAYBE NOT: We need to pass a bond for street, water and sewer improvements

If you are an elected official, tough times call for tough decisions. Then, you better be tough because, no matter what you decide, you will get some tough criticism. The six members of Mineral Wells City Council are facing a tough decision – whether to raise the current property tax rate from its current 53 … Read moreMAYBE, MAYBE NOT: We need to pass a bond for street, water and sewer improvements

Can Steve Witkoff save the Battery Maritime hotel?

Steve Witkoff, white knight? Lenders on the stalled Battery Maritime hotel have reached out to the Witkoff Group TRData LogoTINY founder to join the project and, hopefully, rescue it from further delays. Earlier this year, the Dermot Company was removed from the project when it was unable to secure enough capital to compete construction. After … Read moreCan Steve Witkoff save the Battery Maritime hotel?

Jay Peak Ceo Asks For Court Filing Extension

Bill Stenger, the CEO and president of Jay Peak Resort, has asked a Miami federal court for an extension. Stenger was supposed to file a response earlier this month to allegations from the Securities and Exchange Commission that he made misrepresentations to investors as part of the perpetration of a “Ponzi-like” scheme. The Jay Peak … Read moreJay Peak Ceo Asks For Court Filing Extension

Workforce Innovation and Opportunity Act; Joint Rule for Unified and Combined State Plans, Performance Accountability, and the One-Stop System Joint Provisions; Final Rule

The Departments of Education (ED) and Labor (DOL) (or, collectively, Departments) issue this Joint Final Rule to implement jointly administered activities authorized by title I of the Workforce Innovation and Opportunity Act (WIOA) signed into law on July 22, 2014 (hereafter “Joint WIOA Final Rule”). Through these regulations, the Departments implement workforce education and employment … Read moreWorkforce Innovation and Opportunity Act; Joint Rule for Unified and Combined State Plans, Performance Accountability, and the One-Stop System Joint Provisions; Final Rule

Workforce Innovation and Opportunity Act

The Department of Labor (DOL or the Department) issues this Final Rule to implement titles I and III of the Workforce Innovation and Opportunity Act (WIOA). Through these regulations, the Department reforms and modernizes our nation’s workforce development system. This rule provides the framework for changes for statewide and local workforce development systems to increase … Read moreWorkforce Innovation and Opportunity Act

Jay Peak Receiver Hires Attorney To Lobby Congress For EB-5 Changes

The receiver for Jay Peak Resort says he is hiring a Washington attorney to lobby Congress. Michael Goldberg, the court-appointed receiver for the Securities and Exchange Commission, wants to change federal EB-5 laws in an effort to obtain permanent green cards for defrauded investors in Jay Peak projects. The EB-5 program is set to expire … Read moreJay Peak Receiver Hires Attorney To Lobby Congress For EB-5 Changes

Opinion: Subcontractors held hostage

Your recent coverage of this (EB-5) fiasco includes, “The subcontractors who built the resort are owed millions and, as Quiros’s assets have been frozen, may not be paid until the resort has changed hands” (“Jay, Burke resorts to be sold separately,” July 20). A simple question, why not unfreeze Quiros’ assets and pay the subcontractors … Read moreOpinion: Subcontractors held hostage

Hawks continues denouncing EB-5

The State is suing the South Dakota Regional Center over its management of the EB-5 program and federal authorities are threatening to revoke the states authority. EB-5 grants foreign investors citizenship for a half-million dollars and Democratic Congressional Candidate Paula Hawks says those types of programs can lead to corruption. Hawks says when you can … Read moreHawks continues denouncing EB-5

USCIS Reports on Agency Enhancements, Emphasizes Importance of Regional Center Oversight at July 28 Public Engagement

At its July 28, 2016 stakeholder engagement, USCIS Immigrant Investor Program Office (IPO) Chief Nicholas Colucci focused his opening remarks on USCIS’s efforts to enhance the IPO’s adjudication capabilities, the office’s commitment to conducting program oversight and promoting program integrity, and the role of the designated regional center in maintaining program integrity. Before delving into … Read moreUSCIS Reports on Agency Enhancements, Emphasizes Importance of Regional Center Oversight at July 28 Public Engagement