Palm House Hotel finally sells for $40M
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 Palm House Hotel at 160 Royal Palm Way in Palm...
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Receiver sues Jay Peak EB-5 developer’s attorney and law firm over alleged misconduct
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
Not long after developers pulled the plug on the $900 million New York Wheel – the biggest EB5-backed project ever to go belly-up – a group on the popular Chinese messaging app WeChat lit...
EB-5 developer in Palm Beach pleads guilty to money laundering and tax evasion charges
Robert Matthews, the developer of the Palm House Hotel, pleaded guilty on Thursday in federal court to money laundering...
Dubai-based consultants allegedly scared off Skyrise Miami’s Middle East investors: lawsuit
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...
Developer dodges SEC suit over EB-5 projects, but legal troubles persist
Chicago developer Taher Kameli scored a victory in court when a judge threw out a federal lawsuit over alleged...
44 EB-5 investors sue PNC Bank over Palm House Hotel losses
UPDATED, March 19, 10:50 a.m.: Forty-four EB-5 investors from China, Iran and Turkey who lost money in the still...
Bankruptcy judge approves sale of Palm House Hotel for $40M
A bankruptcy judge finally approved the sale of the troubled Palm House Hotel to a U.S. affiliate of London...
Good Morning, Vietnam: Country is becoming a large EB-5 participant
Vietnam is boosting its presence in the EB-5 program, now trailing only China and India as the most active...
New bidder emerges in Palm House Hotel sale
A new bidder has emerged in the planned sale of the Palm House Hotel. A buyer tied to London + Regional Properties is offering $39.6 million for the unfinished condo-hotel property in Palm Beach,...