Jay Peak: Employees Can Rent New Cottages At The Mountain

Construction on these condo units at State Side at Jay Peak Resort stopped in April 2016 when the EB-5 scandal became public. Work resumed this year.  Jay Peak Resort Expands Employee Benefits, Perks Jay Peak Resort will dedicate a new 12-unit complex of mountain cottages and other locations for employee housing, part of a collection of perks … Read moreJay Peak: Employees Can Rent New Cottages At The Mountain

Delays on Staten Island NY Wheel may be Devastating for EB-5 Investors

New York Wheel, the long awaited Staten Island attraction, faces yet another major impediment. Last week, the project’s developer fired its design and construction team, Mammoet-Starneth, delaying the project indefinitely. The developers are now searching for other contractors to complete the project. The developer claims Mammoet failed “to meet multiple design and construction deadlines,” the Staten … Read moreDelays on Staten Island NY Wheel may be Devastating for EB-5 Investors

EB-5: Quiros, SEC to Mediate in December in Miami

Ariel Quiros will head to mediation with the SEC in December, at his attorneys’ office, the two sides agreed to in federal court in recent days. SEC Continues to Try to Narrow Quiros’s Defenses The federal case against Ariel Quiros, the embattled alleged mastermind of Vermont’s largest case of securities fraud, will be the subject of mediation later … Read moreEB-5: Quiros, SEC to Mediate in December in Miami

NES Financial Announces New EB-5 Medallion Solution Partner

NES Financial, the leading EB-5 service provider, announced Arnstein & Lehr, LLP as an official Medallion Solution Partner. Medallion Solution Partners provide EB-5 best practice solutions or services that augment and integrate with NES Financial’s Intelligent EB-5 Solution Suites at critical stages of the EB-5 project life cycle. Considered one of the leading law firms within the … Read moreNES Financial Announces New EB-5 Medallion Solution Partner

The spectacular downfall of developer Lobsang Dargey

Lobsang Dargey, shortly after he bought the Everett Public Market building at the corner of Grand Ave and Claifornia Street, 2006. In August 2014, four Buddhist monks chanted in a dimly-lit garage in downtown Seattle. They asked for good fortune for the 41-story skyscraper planned for the site by developer Lobsang Dargey, a rising star … Read moreThe spectacular downfall of developer Lobsang Dargey

Judge releases funds to correct safety hazards at Palm House

Cary Glickstein, left, answers questions from attorney Henry Handler regarding Palm House and his position as the court-appointed receiver at the Palm Beach County Courthouse Friday July 21, 2017. Court-appointed receiver gets $345,000 to correct safety hazards plus some money toward town fines. A judge has granted the court-appointed receiver of the Palm House more than $345,000 … Read moreJudge releases funds to correct safety hazards at Palm House

Valley Cities turns ‘lemons into lemonade’ with sale of Woodmont property

Valley Cities CEO Ken Taylor proudly displays a ‘sold’ sign for the property that was to house the Woodmont Recovery Center. Two years after 250 angry parents filled a school gym in outrage against a proposed Valley Cities rehab facility that would be near a school, the 8-acre property the campus would have sat on … Read moreValley Cities turns ‘lemons into lemonade’ with sale of Woodmont property

New York Wheel delays could spell disaster for project’s EB-5 investors

Rendering of the New York Wheel Investors will have trouble getting green cards if project remains unfinished, experts say Staten Island’s embattled New York Wheel recently hit another major setback when the developer fired its design and construction team, delaying the project indefinitely. It’s a huge blow not just for the city’s Ferris wheel enthusiasts but … Read moreNew York Wheel delays could spell disaster for project’s EB-5 investors

New York City Regional Center Reaches Both 1,400 I-829 Approval and 4,000 Permanent Green Card Milestones

1,417 I-829 petition approvals in New York City Regional Center offerings have now enabled over 4,059 individuals to achieve permanent residency in the United States The New York City Regional Center (“NYCRC”) is pleased to announce that over 4,000 individuals (EB-5 investors and family members) participating in its offerings have now achieved permanent residency in the United … Read moreNew York City Regional Center Reaches Both 1,400 I-829 Approval and 4,000 Permanent Green Card Milestones

IDA head: Contract with developer for Crossroads truck stop

The former All American Plaza has been vacant for almost a decade, but officials hope a new agreement with an undisclosed developer will put a 100-bed hotel and conference center on the site as early as 2019.  Allegany County officials announced that on Wednesday an agreement was signed with an undisclosed developer to build a … Read moreIDA head: Contract with developer for Crossroads truck stop

Stronger EB-5 rules are crucial to keep foreign investment coming to Texas

Paul Quinn College has long been a beacon of hope for its students and the surrounding Highland Hills neighborhood, one of many investment-poor areas of southern Dallas. To strengthen this historically black college’s bond with students, staff and the surrounding community, a public-private partnership is planning a high-quality early childhood education center and a neighborhood … Read moreStronger EB-5 rules are crucial to keep foreign investment coming to Texas

The developer of a ‘China City’ in rural New York emerges as a major Trump donor

Sherry Li, a Long Island businesswoman who once proposed a sprawling Chinese Disneyland in the Catskill Mountains, is far from a prominent figure in national politics. But she and a business associate have just emerged as some of the year’s biggest financial backers of President Trump’s political operation. Late last month, Li and Lianbo Wang, … Read moreThe developer of a ‘China City’ in rural New York emerges as a major Trump donor

NES Financial Announces Capital United as a New EB-5 Medallion Solution Partner

Company to provide best-in-class Fund Administration to EB-5 Capital Redeployment Solution NES Financial, the leading provider of institutional quality EB-5 administration solutions, announced Capital United as a NES Financial Medallion Solution Partner. Medallion Solution Partners provide best practice solutions or services that augment and integrate with NES Financial’s Intelligent EB-5 Solution Suites at critical stages … Read moreNES Financial Announces Capital United as a New EB-5 Medallion Solution Partner

Carpenters Union Protesting the Start of Park and Shore High-Rise Construction in Jersey City

Project Utilizes EB-5 Foreign Financing and is Employing Non-Jersey City Residents Today, the Northeast Regional Council of Carpenters (NRCC) will begin a campaign to raise awareness for the business and employment practices of Structure Tech, the subcontractor responsible for construction of the concrete super structure, on the new 37-story Park and Shore residential/retail development at … Read moreCarpenters Union Protesting the Start of Park and Shore High-Rise Construction in Jersey City

Governor unconcerned about financial obligations of GreenTech firm he founded

Officials in Mississippi are demanding that an electric car company founded by current Virginia Gov. Terry McAuliffe repay more than $6 million in public funds. In a report released on July 12, the office of Mississippi State Auditor Stacey Pickering said GreenTech Automotive did not come close to creating the 350 jobs it promised and … Read moreGovernor unconcerned about financial obligations of GreenTech firm he founded

Trump campaign and fundraising committees raise $13.9 million in second quarter

The biggest donations given to Trump Victory and Trump Make America Great Again came from donors with limited histories of giving to Trump. Donald Trump’s campaign operation raised nearly $14 million between the start of April and the end of June of this year, drawing in significant funds from several donors without histories of giving … Read moreTrump campaign and fundraising committees raise $13.9 million in second quarter

Green for Green

Bradley Snyder and Gar Lippincott are principals in Tampa-based Atlantic American Partners, a firm that provides foreigners the opportunity to obtain citizenship through job-creating investments. Atlantic American has financed a series of high-end commercial real estate projects along the Gulf Coast. Gar Lippincott can’t decide whether his Atlantic American Partners is in the immigration business or the commercial real … Read moreGreen for Green

FreshDirect Nabs $50M Bridge Loan for New Bronx Headquarters

A FRESHDIRECT DISTRIBUTION CENTER. Sterling National Bank has provided a $50 million mortgage to FreshDirect for its corporate headquarters and distribution center at 2 St. Ann’s Avenue in the Bronx. The bridge loan acts as a short-term construction loan and will support completion of the new facility—expected to open later this year, sources familiar with the deal … Read moreFreshDirect Nabs $50M Bridge Loan for New Bronx Headquarters

Mississippi auditor says GreenTech shrank to 10 employees, McAuliffe responds: ‘I left a long time ago’

A Mississippi official investigating the activities of an electric car company created by Virginia Gov. Terry McAuliffe has found that the company did not come close to creating the 350 jobs it promised and had shrunk to about 10 employees as of early 2017. In a report released Wednesday, the office of Mississippi State Auditor … Read moreMississippi auditor says GreenTech shrank to 10 employees, McAuliffe responds: ‘I left a long time ago’

Proposed EB-5 Visa Program Reforms

The EB-5 visa program has become a major source of real estate financing nationwide, and in particular for large real estate development projects in New York City such as Hudson Yards in Manhattan, the New York Wheel on Staten Island, and the Pacific Park development in Brooklyn. The EB-5 program provides lawful permanent residence status to immigrants in exchange for an … Read moreProposed EB-5 Visa Program Reforms

Green Valley Hospital breaks ranks, opposes AHCCCS levy

Despite gains under Obamacare, roughly 800, 000 Arizonans do not have health care coverage. Insurance companies are tweaking policies in an effort to get those people to enroll. Breaking ranks, an Arizona hospital built with financing from Chinese immigrant investors is urging the state Supreme Court to quash the levy that finances health care for … Read moreGreen Valley Hospital breaks ranks, opposes AHCCCS levy

Reveal For 30-80 12th Street, Large Residential Development Coming To Astoria, Queens

When it comes to massive residential projects in Queens, Long Island City has a fairly solid monopoly on the largest buildings. But as Astoria sees its own wave of new developments, it too is set to sprout an enormously scaled apartment project. The site, at 30-80 12th Street, will have 711 units and be designed by … Read moreReveal For 30-80 12th Street, Large Residential Development Coming To Astoria, Queens

Jay peak receiver seeks 1.35m fees expenses

Michael Goldberg at a Statehouse news conference in April.  Lawyers with a stake in the massive fraud case involving Northeast Kingdom projects have revised their proposal for divvying up $25 million in settlement proceeds after a judge raised concerns that the first plan had a big omission. The group of attorneys will set aside about … Read moreJay peak receiver seeks 1.35m fees expenses

New owner of Centennial Plaza also owns Markham building, harbor casino site

A sign advertises a Holiday Inn Resort to be built at Centennial Plaza in Gulfport. Virginia attorney Robert Lubin, who also proposes building a casino at the Gulfport Harbor and restoring the Markham Hotel in downtown Gulfport, has bought out the Juneau family’s interest in the Centennial Plaza project and plans to start construction of the … Read moreNew owner of Centennial Plaza also owns Markham building, harbor casino site