Posts Under Industry Insights Category
Last week I wrote about the silver lining to the Chicago Convention Center case. On April 9th, the U.S. District Court Judge directed the return of more than $147 million funds held in escrow to the investors of the project. The fact that the investors would have their monies returned is welcome news to all industry stakeholders. In a recent…
Chicago Convention Center: the silver lining
05-17-2013
Much has been written about the Chicago Convention Center project over the last two months. In early February the Securities and Exchange Commission (SEC) filed suit against the Regional Center and its principals alleging violations of securities laws and fraud. Appropriately, both the SEC and the United States Citizenship and Immigration Service (USCIS) are being recognized by the EB-5 community…
The Association to Invest in the USA (IIUSA) and Senator Patrick Leahy (D-VT) have been tirelessly working for years to permanently reauthorize the EB-5 Regional Center Program. His proposed amendment to S. 744 would 1) permanently authorize the EB-5 Program, 2) maximize the Program’s capacity for economic impact, and 3) address the processing backlogs. View IIUSA’s letter to Senator Leahy…
This is a re-post of a previous blog entry. We are excited to welcome Steven Anapoell as today’s guest blogger. Steven is the Shareholder for Greenberg Traurig. Steven advises clients interested in raising capital for, and establishing regional centers to administer, projects qualifying for investment under the EB-5 Entrepreneur Investment Visa Program. On April 3, 2013, the Securities and Exchange Commission…
