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Architecture and Design
Special Issue Archive
Financially troubled Hotel Astor in Miami Beach listed for sale
August 12, 2019 02:30PM
UPDATED, Aug. 13, 9 p.m.: The financially troubled and now-closed Hotel Astor is on the market for $12 million. The 42-room, three-story hotel at...
Big changes are coming to the EB-5 program
July 23, 2019 05:30PM
The Trump administration released new rules governing the EB-5 cash-for-visas program. And many in the real estate industry believe the changes will tighten the...
Mansion once owned by Palm Beach convicted fraudster sells for $30M
July 15, 2019 09:45AM
UPDATED, July 15, 10:16 a.m.: Just a few years ago, Palm Beach’s high society packed the sprawling waterfront estate at 101 Casa Bendita to...
EB-5 funded project in downtown Hollywood scores $125M loan
June 19, 2019 10:30AM
Hollywood Circle, a mixed-use project funded in part with Chinese EB-5 money, closed on a $125 million loan. The financing, which comes from Athene...
With Chinese investment drying up, EB-5 debt isn’t nearly as cheap
June 05, 2019 09:45AM
UPDATED, June 5, 1:52 p.m. EDT: EB-5’s go-go days are a thing of the past, and now developers are searching for —but rarely finding...
Palm House Hotel finally sells for $40M
May 16, 2019 01:30PM
UPDATED May 17, 12:45 p.m.: The saga of one of the most troubled EB-5 projects in South Florida moves to a new chapter. The...
Receiver sues Jay Peak EB-5 developer’s attorney and law firm over alleged misconduct
May 15, 2019 06:00PM
Beginning in 2006, more than 800 EB-5 investors thought they were investing in a promising new ski resort in Northern Vermont. But years after...
EB-5’s WeChat wars
April 26, 2019 12:00PM
Rich Bockmann and Kevin Sun
Not long after developers pulled the plug on the $900 million New York Wheel – the biggest EB5-backed project ever to go belly-up –...
EB-5 developer in Palm Beach pleads guilty to money laundering and tax evasion charges
April 25, 2019 06:20PM
Robert Matthews, the developer of the Palm House Hotel, pleaded guilty on Thursday in federal court to money laundering and tax evasion charges for...
Dubai-based consultants allegedly scared off Skyrise Miami’s Middle East investors: lawsuit
April 10, 2019 04:30PM
UPDATED April 23, 3 p.m.: Skyrise Miami lost a slate of Middle East investors after a pair of Dubai-based lawyers allegedly frightened them with...
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