Lawsuit aims to bring EB-5 back from the dead
The EB-5 “cash for visas” program essentially came to a halt when Congress failed to reauthorize its regional centers...
EB-5
The Latest
Trouble in EB-5 land: Congress at impasse on extension
Last week was a roller coaster for the cash-for-visas EB-5 program. Its backers celebrated Tuesday when a federal judge...
Issue
Oceanwide’s US business is sinking. Can it right the ship?
In 2014, Oceanwide Holdings announced plans to build a 2.4 million-square-foot megaproject in San Francisco. The twin-tower development would...
EB-5 program set to expire at the end of June
A U.S. visa program that gave green cards to investors and was popular among real estate developers, is set...
New York
Related halts payments to Hudson Yards EB-5 investors
Related Companies, one of the EB-5 program’s biggest proponents, is halting payments to such investors in Hudson Yards because...
Los Angeles
Ariana Grande’s new Bird Streets pad was in Ponzi schemer’s portfolio
Ariana Grande’s new Bird Streets home had once been in the portfolio of convicted spec home investor Robert Shapiro....
New York
Real estate ad dollars vanished as pandemic spread
Eyeballs were looking for real estate to ogle online, but developers pulled back on hawking their properties. The amount...
EB-5 is back in the doghouse
EB-5 was left out of Congress’ $2 trillion federal stimulus package bill, crushing developers’ hopes of getting cheap financing as real estate deals come to a halt. The federal program that allows foreign investors...
Could a pandemic bring EB-5 back to life?
After the last recession, developers turned to the federal EB-5 program for cheap financing to fund new development projects in the country’s hottest residential and commercial markets. The program became such a lifeline for...
In a bid to boost the economy, Trump may give new life to EB-5 program
As the economy strains under the pressure of COVID-19, Donald Trump is reportedly considering a plan to increase the...
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