Foreign investors demand repayment after “false promises” at Pier A
Foreign investors want their money back after plowing $16.5 million into a failed redevelopment project on a historic pier...
EB-5
The Latest
Vanbarton Group, church sued by foreign investors in fallout from HFZ debacle
Real estate investors beware: Don’t bet against God. Or at least not against religious institutions shielded by New York’s...
National
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...
National 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...
National
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...
EB-5 funds sue to stop foreclosure sale on failed HFZ tower project
Entities acting on behalf of EB-5 funds are trying to stop a foreclosure sale that would wipe away a...
Massive Sunset Park project flounders and an EB-5 investor sues
An EB-5 investor is suing the developers of a long-delayed mixed-use project in Brooklyn’s Sunset Park, claiming the massive...
EB-5 fund alleges Schrager, Witkoff siphoned money from Public Hotel
A fund managed by a controversial EB-5 regional center has filed a lawsuit against Ian Schrager and the Witkoff...
EB-5 investor snags Hunters Point resi development: Mid-market sales report
The Bronx, Brooklyn and Queens dominated the middle of the investment sales market after Labor Day, while Manhattan saw...
Hudson Yards’ EB-5 investors demand arbitration with Related
A group of Chinese EB-5 investors is demanding arbitration proceedings with Related Companies to determine whether they can inspect...