On Thursday, September 13, 2012, the U.S. House of Representatives passed S.3245, the three-year reauthorization of the EB-5 Immigrant Investor Program. The bill, introduced by Senator Patrick Leahy (D-VT), was passed by the Senate on August 2, 2012 and awaited this final approval to enact. The bill was passed with...
The city of Irvine, California was just named one of Money magazine’s top 10 best places to live in the U.S. The mayor for the past for years is Sukhee Kang, a Korean-American entrepreneur. He is one of 17 Asians running for Congress in the U.S. this election year, a...
Foreign investors are boosting New York City development, according to recent real estate reports. The influx in investment is not only helping build new properties, but also helping to fill existing and refurbished properties. The second tenant to lease space at Ground Zero’s One World Trade Center is Vantone, a billion-dollar...
Economic reports released Tuesday, August 27, 2012 reflected a modest recovery, with slow but steady growth, on a national scale. The numbers showed an annual rate of growth at 1.7% within the April-June quarter. While unemployment applicants rose slightly over the past three weeks, from 372,000 to 374,000, these numbers are...
While many popular Chinese immigrant destinations are tightening immigration rules, Chinese nationals with growing wealth and a desire to live elsewhere continue to seek profitable ventures outside China. As the United States awaits final approval on the extension of the EB-5 immigrant investor program, USCIS officials expect to see a...
The summer of 2012 saw positive marks for the South Florida real estate market, according to a report from the Realtors Association of the Palm Beaches. According to the organization, home sales spiked 14 percent from last year, with home prices that were seven percent higher than the same time last year. With the...
The Association to Invest in the USA (IIUSA) and Council of Development Finance Agencies (CDFA) hosted the 2012 CDFA National Development Finance Summit on Wednesday, August 1, 2012 in Washington DC. The successful event included IIUSA Executive Director Peter D. Joseph as the moderator and saw many state and local economic development finance officials....
Many state officials are pleased to welcome the three-year extension of the EB-5 Immigrant Investor Regional Center program, acknowledging the program will provide a further boost to the country’s economy. The program will be extended via a Congressional bill, which passed the senate and awaits House approval. Introduced to Congress by Vermont Senator...
New York City real estate developments that were shelved after the 2008 financial crisis are now switching back on, and include high-end markets across the city. Developers who remained patient over the past four years are now seeing the payoff, as Manhattan has once again become the first-choice destination for...
On Thursday, August 2, 2012, the United States Senate agreed to a three-year reauthorization of the EB-5 Regional Center Program, as well as three other programs included in S.3245, with unanimous consent. The bill, presented by Patrick Leahy (D-VT) and Charles Grassley (R-IA) on May 24, 2012, now waits on the House, which is...