100 biggest private companies: They built this region
We’ve all seen those cranes towering over Washington’s skyline, detoured around the guys in yellow vests and hard hats who always seem to block traffic, heard the roar of heavy machinery outside our windows during meetings.
Now, let’s thank them. All of them.
To Maintain ‘Business as Usual’ Across the Country, We Need a Robust Investor Visa Program | Letter to the Editor
Kenric Ward’s “Inside the Beltway” contribution does not describe the EB-5 visa program that I know (“On Capitol Hill, It’s Business as Usual for Investor Visas,” Roll Call, Sept. 2). While he’s right to point out that the program has broad bipartisan backing, the reasons for that support are far less cynical than he would have you believe: simply put, EB-5 creates jobs and is transforming communities through the power of economic development. According to a 2014 Brookings Institute report, the program has created at least 85,000 jobs since its creation in 1990. A more recent analysis of the program from the EB-5 Investment Coalition (EB-5IC), a trade group of which I am a member, shows EB-5 generated $5.2 billion in private investment between 2005 and 2013 and created at least 31,000 jobs in 2013 alone without any investment from taxpayers.
USCIS okays petitions for $17M in immigrant funding for riverfront redevelopment
EB5 Capital announced that the United States Citizenship and Immigration Services (USCIS) has begun to issue I-526 Petition approvals for investors in EB5 Capital’s Dock 79 (formerly known as Riverfront at the Navy Yard) mixed-use project in the Capitol Riverfront neighborhood of Washington, D.C.
The I-526 Petition is the first step in the process for immigrant investors seeking to become permanent residents of the United States by investing through Regional Centers in new, job-creating enterprises.
Douglas Development Secures $93.5M Loan for Mixed-Use Development in D.C.
Douglas Development Corp. (DDC) has secured $93.5 million in construction financing for Uline, DDC’s mixed-use development in Washington, D.C. The development will be located at 1140 3rd St. N.E. directly across from the NoMa-Gallaudet U Metro station. Upon completion in the fall of 2016, Uline will feature 174,000 square feet of loft office space with rooftop decks and 70,000 square feet of retail space, including a 51,000-square-foot REI.
Washington Business Journal: People on the move – Lulu Gordon
With over 25 years of experience in law and finance, Lulu Gordon serves as EB5 Capital’s Senior Vice President & General Counsel. Based in San Francisco, she holds Series 7 and Series 66 securities licenses. EB5 Capital connects immigrant investors with prominent real estate development partners.
D.C. sets tourism record with 20 million visitors
D.C. set an all-time record with 20.2 million visitors in 2014, thanks in large part to a 16 percent boost in international visitors over the previous year.
About 90 percent of the city’s visitors still come from within the United States, but international visitors are an attractive target for tourism officials because they typically stay longer.
The 17 trendiest new hotel brands
When it comes to trends in the lodging industry, boutique is where it’s at. Since Starwood started the W Hotel chain in 1998, the market’s been on fire. From treadmills and organic foods for health aficionados, to neon lights and mobile apps for Millennials, these 17 chains are quickly becoming the hottest hotels everyone’s talking about.
Douglas Development secures Uline construction financing (Video)
Douglas Development Corporation, which began work to reshape D.C.’s historic Uline Arena this spring, has secured a total of $94 million in construction financing for the mixed-use project.
That will cover about 75 percent of the project’s expected cost. Douglas Development is covering the rest.
Natixis Real Estate Capital has provided a $75.5 million construction loan. EB5 Capital is providing $18 million in preferred equity.
Douglas Development Takes $75M Loan from Natixis for Historic D.C. Conversion Project
Douglas Development Corporation received a $75.5 million construction loan from Natixis Real Estate Capital for the redevelopment of Washington, D.C.’s Washington Coliseum, Commercial Observer has learned.
The financing will be used to fund about 67 percent of the Uline Arena redevelopment project in D.C.’s NoMa neighborhood. The Natixis loan features a three-year term with two one-year extension options.
Washington-area appointments and promotions for July 27
Phillips Realty Capital of Bethesda appointed Joe Tilley chief financial officer of EB5 Capital.