Responding to TCA's call for outreach to elected officials, four Turkish Americans joined members of Congress and industry representatives in Chicago, IL at the Congressional Black Caucus (CBC) PAC Chicago Retreat on October 20-21, 2017. Eleven Congressional Black Caucus members attended, including Assistant Democratic Leader Rep. James Clyburn (D-SC/6th), Ranking Member of the Foreign Affairs Subcommittee on Europe, Eurasia, and Emerging Threats Rep. Greg Meeks (D-NY/5th), Foreign Affairs Committee Member Rep. Robin Kelly (D-IL/2nd), Turkey Caucus members Reps. GK Butterfield (D-NC/1st), Danny Davis (D-IL/7th), Hank Johnson (D-GA/4th), Brenda Lawrence (D-MI/14th), Stacey Plaskett (D-VA/AL), Bobby Rush (D-IL/1st), and Reps. Joyce Beatty (D-OH/3rd) and Gwen Moore (D-WI/4th). The four Turkish American participants were Cem Karsan, Elhan Orhon, Dr. Hande Ozdinler, and Hakan Akgun, all of Chicago, IL.

Facing mounting pressure to shed its real estate assets, Hudson’s Bay Company is selling Lord & Taylor’s flagship store to WeWork and its partner for $850 million. WeWork Property Advisors — a joint venture with Rhône Capital, who is making a $500 million equity investment in HBC as part of the deal — is purchasing the 676,000-square-foot landmark building for WeWork’s new global headquarters, the New York Times reported. The Real Deal first reported that WeWork and Rhone were raising several hundred million dollars for a real estate investment fund.

A 10-year backlog in EB-5 applications has a silver lining: $16.6 billion that investors can reinvest in real estate or other businesses if they still want a green card. The origin of the money is a unique problem with the EB-5 program, in which investors can invest $500,000 in a U.S. business in exchange for a green card. But the program requires investors’ money to be “at risk” pending the outcome of the application. Since the U.S. only hands out 10,000 EB-5 visas a year, a years-long backlog means some developers want to return investors’ money before they obtain the green card.

By BARÇIN YİNANÇ - An urban legend throughout the 1990s was that “American helicopters have dropped arms to the PKK,” the outlawed Kurdistan Workers’ Party. I have never received confirmation of this legend from Turkish Foreign Ministry officials. I have even questioned retired top Foreign Ministry diplomats, believing that they could speak more freely. But even they were unable to confirm it, either on or off the record. Maybe they simply could not access evidence gathered by the intelligence sources, which would be a rather unusual state of affairs.