Private bankers are beginning to help wealthy Asians find investment and short-term residences overseas, according to recent reports from the International Herald Tribune. The wealth management divisions of banks have entered the business of setting up short-term revolving loans for property purchases. Typically five years in length, the loans are...
The 18th Miami International Real Estate Congress was held on the week of November 5, 2012, at the Biltmore Hotel, in Coral Gables. During the expo, Teresa King Kinney, chief executive officer of the Miami Association of Realtors, reported that Miami is the number one location for international residential real...
By Bill DiPaolo Palm Beach Post Staff Writer JUPITER — Motorists passing over the Intracoastal Waterway on Indiantown Road see steam shovels pushing dirt around next to the Burt Reynolds & Friends Museum. Nick Mastroianni sees the birth of Jupiter’s new downtown. “Harbourside will have restaurants with outdoor seating on the water. There will be...
EB-5 investments have become a trend within South Florida real estate development over the past year, and are now mixed with other, more traditional investment types. As Congress recently approved a three year extension of the EB-5 Immigrant Investor program, it’s usage is expected to become even more popular with...
The Miami hotel market is expected to prosper in 2013, according to market data based on occupancy, ADR and RevPar (revenue per available room) statistics. According to the numbers, Miami is past the recovery stage and into the new growth phase. As Miami is in the clear, and expected to...
The EB-5 Immigrant Investor Program reaches far and wide in the real estate development world. As the three-year extension of the program was just approved by the House of Representatives, it is expected to reach even further, contributing to the economic rebound and success of the United States. Investments from the...
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...