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...
Home values in South Florida rose 6.4 percent during the second quarter of 2012, compared to the same quarter last year, according to a Zillow report released July 24, 2012. Prices are expected to rise another six percent by mid 2013, states the same report. The combined increases make South Florida...
Construction of single-family homes in South Florida is on the rise, despite the hindrance of foreclosures that continue to roll through the court system. Jupiter, Florida, where the Florida Regional Center is working on the completion of Harbourside Place, a mixed-use complex on U.S.1, is expected to be an area...
As EB-5 Investor Visa Programs use foreign investments to build economically- stable and sustainable developments within the United States, the program requires a lower investment for projects in areas that most need it in order to gain visas. For example, an individual investor is typically required to contribute at least $1 million toward a...
Asian Americans comprise the highest-income, best-educated and fastest-growing racial group in the United States, according to a recent report released by Pew Research Group. The report, “The Rise of Asian Americans,” also found that Asians now make up the largest share of recent immigrants, surpassing Hispanics as the predominant U.S....
While the June job report did not bear as positive results as hoped, South Florida’s economy seems to show no fear. According to economic reports, South Florida is navigating toward an upswing that puts it at a better position than it was seated at this time last year. Housing, job...