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
The Latest
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...
EB-5 investors to Related Companies: Open your books
A group of Chinese EB-5 investors is pushing Related Companies to open its books after the developer halted payments...
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...
National
EB-5 fund administrator sells amid push to resurrect program
One of the country’s largest EB-5 and Opportunity Zone fund administrators will be acquired for at least $40 million...
National
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...
National
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...
National
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...