Construction and extraction occupations represent 4% of employment in May 2016

Construction and extraction occupations had employment of nearly 5.6 million in May 2016, representing 4 percent of total employment. Construction laborers (912,100), carpenters (676,980), and electricians (607,120) were the largest construction and extraction occupations. Please follow and like us:

Bentley Zhao developing $43M Sheepshead Bay condo

Bentley Zhao’s New Empire Real Estate Development filed an offering plan for a 56-unit condominium at 2128 Ocean Avenue in Sheepshead Bay, an application with the New York State Attorney General’s office shows. Zhao is shooting for a $43 million sellout at the 73,000-square-foot project, after buying the lot from Yu Xi-Liu last June for … Read moreBentley Zhao developing $43M Sheepshead Bay condo

People in the News—March 30, 2017—Greenberg Traurig

Greenberg Traurig promoted Jennifer Hermansky to shareholder in the business immigration and compliance practice. Hermansky focuses her immigration practice on both employment- and family-based immigration. Specifically, she focuses her practice on EB-5 immigrant investor visas. Additionally, she works with developers across a variety of industries seeking ­capital for new projects that qualify for EB-5 investments. She counsels clients … Read morePeople in the News—March 30, 2017—Greenberg Traurig

Application To Register Permanent Residence or Adjust Status, Adjustment of Status Under Section 245(i), and Confirmation of Bona Fide Job Offer or Request for Job Portability Under INA Section 204(j)

Agency Information Collection Activities; Revision of a Currently Approved Collection: Application To Register Permanent Residence or Adjust Status, Adjustment of Status Under Section 245(i), and Confirmation of Bona Fide Job Offer or Request for Job Portability Under INA Section 204(j) Please follow and like us:

Paramount Miami Worldcenter CEO on EB-5 Visa Vote: American Jobs & Projects At Risk if Program Eliminated

Within 30 days, tens of thousands of American jobs and many of the country’s largest real estate projects, including those in Miami, will be in serious jeopardy if Congress votes to eliminate or drastically change the controversial EB-5 Visa Program that grants U.S. residency to immigrants investing $500,000 in domestic business ventures, according to developers, … Read moreParamount Miami Worldcenter CEO on EB-5 Visa Vote: American Jobs & Projects At Risk if Program Eliminated

Extell secures $168M in EB-5 funds for Central Park Tower; project’s completion date pushed back

In a call to Israeli bondholders Wednesday, Extell Development’s Gary Barnett reported that his firm had secured $168 million in EB-5 funds for Central Park Tower, the supertall condominium project set to rise on Billionaires’ Row. Up to $340 million in EB-5 funds may be raised for the 95-story tower at 225 West 57th Street, Extell’s … Read moreExtell secures $168M in EB-5 funds for Central Park Tower; project’s completion date pushed back

Rich Chinese rush to get US investor visas before costs may soar

As members of Congress in Washington debate raising the minimum required to obtain a US immigrant investor visa from US$500,000 to US$1.35 million, concern about the rise has set off a scramble among wealthy would-be participants in China. “Some clients are demanding that we make sure their applications are submitted before April 28”, the date … Read moreRich Chinese rush to get US investor visas before costs may soar

My View: Aldermen should embrace hotel, positive future for Rockford

I wanted to write to express my thoughts after I attended the March 13 Rockford City Council meeting. Having recently retired this was my first City Council meeting. I was interested in the discussion with respect to the proposals for the City Market expansion and more significantly theGorman partnership proposal for redevelopment of the Amerock building. I … Read moreMy View: Aldermen should embrace hotel, positive future for Rockford

Chinese nationals scrambling to get EB-5 visas amid fears

Prospective investors are already having trouble moving capital out of the country As Congress debates raising the minimum investment from $500,000 to $1.35 million, potential investors in China are doing whatever they can to get their EB-5 visa applications in before the current program is set to expire April. 28. Changes to the program would … Read moreChinese nationals scrambling to get EB-5 visas amid fears

Moulton named president vermont technical college

A former state official who oversaw the Vermont EB-5 Regional Center amid the Jay Peak scandal has been named the president of Vermont Technical College. Patricia Moulton stepped down as secretary of the Vermont Agency of Commerce and Community Development five months after federal regulators brought charges against the developers of Jay Peak Resort last April. On Saturday, the … Read moreMoulton named president vermont technical college

Wealthy Chinese Moving Money To US Before Congress Hikes Visa Minimum

Wealthy Chinese citizens may soon have to pony up a lot more money to qualify for a U.S. investor visa, and they are rushing to move funds into stateside real estate projects before Congress raises the minimum contribution requirement. Lawmakers are currently reviewing the investment standards of the EB-5 program, a special visa category that … Read moreWealthy Chinese Moving Money To US Before Congress Hikes Visa Minimum

3 Things To Watch For As Congress Takes Up EB-5 Renewal

Congress in the coming weeks will address what to do with the EB-5 visa program, which will expire at the end of April if not extended or made permanent, and lawyers say a host of unknowns — including what President Donald Trump thinks of the program — means developers and investors are on tenterhooks about … Read more3 Things To Watch For As Congress Takes Up EB-5 Renewal

Wealthy scramble for EB-5 investor visas before Trump closes US gate

A window of opportunity for South Africans wanting to immigrate to the US will likely close in the next few months, Los Angeles-based Bernard Wolfsdorf has warned in an interview with Fin24. Changes are expected to the EB-5 visa category, where entrepreneurs are eligible to apply for a green card if they invest a minimum of $500,000 … Read moreWealthy scramble for EB-5 investor visas before Trump closes US gate

Developer of Manchester hotel faces fraud charges in florida

The president of the firm that developed the Taconic Hotel in Manchester village has been indicted on federal bank fraud charges involving incidents allegedly occurring in Florida from 2006-09. George Heaton, 73, of West Palm Beach, Florida, whose Heaton Companies developed the 87-room Manchester hotel, was one of three people indicted in late February by a federal … Read moreDeveloper of Manchester hotel faces fraud charges in florida

Chanticleer Holdings to Open Little Big Burger Location in Hillsboro, OR

Chanticleer Holdings, Inc. (NASDAQ: HOTR) („Chanticleer,” or the „Company”), owner, operator and franchisor of multiple branded restaurants in the U.S. and abroad, today announced its tenth Little Big Burger („LBB”) in Oregon, scheduled to open on March 28, 2017. In August 2016, the Company announced that it had raised $500,000 in Direct Investment EB-5 financing to open … Read moreChanticleer Holdings to Open Little Big Burger Location in Hillsboro, OR

USCIS Rolls Out EB-5 Regional Center Audit Program

U.S. Citizenship and Immigration Services on Tuesday unveiled the start of an EB-5 regional center audit program, which will involve audit teams examining documents and interviewing staffers, with the move coming roughly a month before the visa program’s regional center aspect is set to expire.  In an overview on its website, USCIS said the regional center … Read moreUSCIS Rolls Out EB-5 Regional Center Audit Program

USCIS Begins Requesting Lawful Source of Funds for Third-Party Capital Exchanges

A crucial requirement of the EB-5 Program is that each individual demonstrate by a preponderance of evidence that the monies invested in a new commercial enterprise were derived from a lawful source. Due to currency restrictions in many foreign countries, individuals may swap currency in a private exchange of funds. This type of private currency … Read moreUSCIS Begins Requesting Lawful Source of Funds for Third-Party Capital Exchanges

SEC Says Couple Blew Chance To Settle EB-5 Fraud Suit

The U.S. Securities and Exchange Commission has urged the Central District of California to rule against a husband and wife facing allegations that they misappropriated the bulk of $26.9 million raised in an EB-5 immigrant investor program, as the couple purportedly have not followed through on their promises as part of a possible settlement.  Because Charles Liu and Xin … Read moreSEC Says Couple Blew Chance To Settle EB-5 Fraud Suit

Bilzin Advises on $285M Loan for Miami Condo Construction

Construction of the Paramount Miami Worldcenter was propelled forward with the help of a Bilzin Sumberg legal team. Partner Martin A. Schwartz and associates Anthony De Yurre and Salome Bascunan helped Paramount’s development team close a two-part $285 million construction loan, one of the largest for new condominium construction in Miami-Dade County. “This shows that for specific … Read moreBilzin Advises on $285M Loan for Miami Condo Construction

For developers trying to influence the president, the White House is no Trump Tower

In the weeks and months after Nov. 8, Donald Trump’s door always seemed open. Old friends and celebrities walked in and out of his namesake tower in Manhattan or hobnobbed with him at his New Jersey golf course – and so did real estate executives. Howard Lorber, Jonathan Gray, Thomas Barrack, the Hinneberg family (owners … Read moreFor developers trying to influence the president, the White House is no Trump Tower

Decision favors South Dakota’s EB-5 center

South Dakota government officials will be allowed to keep their controversial immigrant-investor center alive, at least for now, and have received some rare recognition of the center’s successes. A federal agency’s earlier decision to terminate the center was withdrawn last week and remanded for further review. The withdrawal and remand, dated March 15 and submitted … Read moreDecision favors South Dakota’s EB-5 center

SEC Fights Atty’s Bid to Toss $9.6M EB-5 Investor Suit

The U.S. Securities and Exchange Commission has shot back at a bid by an attorney to toss accusations that he stole $9.6 million from foreigners participating in the EB-5 immigrant investor program, saying the court already denied his arguments when it issued an asset freeze.  The SEC in January accused Emilio Francisco and his company, PDC Capital Group LLC, of … Read moreSEC Fights Atty’s Bid to Toss $9.6M EB-5 Investor Suit

CityViews: Emerging Kushner Deal Suggests What’s Wrong With U.S. Investor Visa Program

The emerging partnership between the Kushner Companies and the Chinese insurer Anbang regarding the 666 Fifth Avenue tower in Midtown Manhattan includes a huge payout to Kushner, run by the family of Donald Trump son-in-law Jared, Bloomberg reported. And the deal—fuzzy, if not fantastical—would rely on the controversial EB-5 investor visa program to raise $850 … Read moreCityViews: Emerging Kushner Deal Suggests What’s Wrong With U.S. Investor Visa Program

Meet Trump’s Kind Of Immigrants: Wealthy Investors Who Funded A Kushner Development In Jersey City

The Donald has complained bitterly about immigrants and the American immigration system, but there’s a Trump building in Jersey City built with funds secured through a controversial government immigration program that allows wealthy foreigners to attain visas — and possibly citizenship — by investing in American real estate projects. The Jersey City project, Trump Bay Street, … Read moreMeet Trump’s Kind Of Immigrants: Wealthy Investors Who Funded A Kushner Development In Jersey City

What Trump travel ban may mean to EB5

President Trump’s travel ban is likely to have a knock-on effect to the United States EB5 investment visa, say international property professionals. EB-5 participants must invest $1million in a project which creates at least 10 jobs or $500,000 in a rural or high-unemployment area. Each year, 10,000 EB-5 visas are issued in the United States, … Read moreWhat Trump travel ban may mean to EB5

EB-5 Takes Two (Unpublicized) Body Blows with Bi-Coastal Overtones

The EB-5 (immigrant investor) program took two body blows, neither well publicized, earlier this week, after taking a drubbing in a House Judiciary Committee hearing last week. This week’s reverses both had bi-coastal angles. In the first, yet another EB-5 fraud case emerged in the state of Washington; it was announced (and denounced) by the Securities … Read moreEB-5 Takes Two (Unpublicized) Body Blows with Bi-Coastal Overtones

Peak Resorts Reports Third Quarter Results

Ski resort operator Peak Resorts, Inc. has released results for its fiscal third quarter and nine months ended January 31, 2017. Third-quarter results, which include New York’s Hunter Mountain in the three and nine months ended January 31, indicate that the company’s revenue increased 46% to $56.4 million, compared to $38.7 million for the third quarter of … Read morePeak Resorts Reports Third Quarter Results

Will IM 22 replacement live up to the promise?

The 2017 legislative session, more than any other in the last couple of decades, was a clear display of just how bad things have become when it comes to politics in our state. It boils down to the majority party’s treatment of the voter-approved ethics overhaul commonly referred to as IM 22. That initiated measure, … Read moreWill IM 22 replacement live up to the promise?

Caffe Primo Closed Amid Fraud Charges

Court records show that Caffe Primo, which in October 2015 moved into the lower State Street space formerly occupied by the Pierre LaFond Wine Bistro, closed this January immediately after a federal judge froze the assets of CEO Emilio Francisco amid fraud charges filed by theSecurities and Exchange Commission. The judge cited “extensive, thorough and compelling evidence” presented … Read moreCaffe Primo Closed Amid Fraud Charges

EB-5 Fraudster Bilked Foreign Investors Of $14.5M, SEC Says

The U.S. Securities and Exchange Commission on Wednesday accused a Washington, D.C.-based development company and its president of using the EB-5 immigrant investor program to scam foreign investors out of $14.5 million.  Aero Space Port International Group Inc. and its president, Andy Shin Fong Chen, promised U.S.-resident hopefuls that their investments would go toward a development project linked … Read moreEB-5 Fraudster Bilked Foreign Investors Of $14.5M, SEC Says

Congressman introduces bill to scrap controversial EB-5 visa program

Dive Brief: A U.S. congressman has introduced a bill that would terminate the EB-5 foreign investment visa program, according to Bisnow .   U.S. Rep. Steve King, R-IA, introduced H.R. 1502 and cited the program’s “fraud and abuse.” King filed his bill a month before the program expires and in advance of an anticipated push by some … Read moreCongressman introduces bill to scrap controversial EB-5 visa program

Singer & Bassuk floats BK Navy Yard’s maritime assets in award-worthy deal

The Brooklyn Navy Yard is a lynchpin of the borough’s cutting-edge Tech Triangle, but there are many elements of the 300-acre campus that are decidedly turn-of-the-century – the 19th century. While the yard is home to high-tech solar panels and a green manufacturing center, there are decidedly low-tech elements like piers, dry docks and a power plant … Read moreSinger & Bassuk floats BK Navy Yard’s maritime assets in award-worthy deal