Government Releases Crucial EB-5 Data

The United States Citizenship and Immigration Services issued three years of EB-5 visa data this week, confirming what was already known to many in the industry: big city regional centers servicing developer clients dominate the field for investors looking to immigrate to the U.S. Between 2014 and 2017, USCIS approved more than 26,000 petitions for visas nationwide and rejected 3,313, its data show. The overwhelming majority of regional centers saw 100 or fewer petitions processed during the period. EB-5 visa issuance is currently capped at 10,000 new investor visas annually.

Flagstone Sues City of Miami Over $1B Watson Island Project

Flagstone Property Group has filed $122 million lawsuit against the city of Miami. The suit was filed one day after commissioners unanimously declared the developer in default of a 99-year ground lease that would allow Flagstone to build its luxury hotel and marina complex, and claims the city breached agreements with the developer causing them to lose millions in investments, according to the Miami Herald.

EB-5 Visas: Everything You Need to Know

U.S. Congress created the EB-5 Program in 1990 to stimulate the U.S. economy through job creation and capital investment by foreign investors. In 1992, Congress created the Immigrant Investor Program, also known as the Regional Center Program. This sets aside EB-5 visas for participants who invest in commercial enterprises associated with regional centers approved by USCIS based on proposals for promoting economic growth. We talked about EB-5 Visa with an expert, Marko Issever, Managing Director of Riverside Management Group, a merchant banking boutique.

The 15 Hottest Housing Markets in the U.S.

Markets in Colorado and the Carolinas are drawing the most potential home buyers, according to data released recently by ATTOM Data Solutions. The property data company analyzed mortgage applications to create its

Coca-Cola's Former CEO Was One of the First to Notice Chobani -- Here's the Backstory

Chobani Founder and CEO Hamdi Ulukaya revealed on Tuesday that one of the first people to congratulate him on his success was Coca-Cola (KO) Chairman Muhtar Kent, and their relationship has sustained since. "He was the first person to call me when I was living in upstate New York making yogurt," Ulukaya said at a conference hosted at the Nasdaq by the Turkish Philanthropy Funds. Chobani was formed in 2005 after Ulukaya, now worth $1.64 billion, bought the company's first manufacturing plant in New Berlin, New York.

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