IIUSA’s 2015 EB-5 Investor Markets Report: A Quantitative Analysis of EB-5 Foreign Direct Investment (FDI) by Country & Region (Vol. 3, Issue 3, October 2015)
by Lee Li, IIUSA Policy Analyst and Allen Wolff, IIUSA Executive Director of Marketing & Communications
The influx of EB-5 capital into the U.S. economy is growing at a record pace. According to data released by the United States Citizenship and Immigration Services (USCIS), foreign direct investment (FDI) through the EB-5 Program totaled over $1.4 billion dollars in the third quarter of FY2015. Or, in other words, USCIS approved 2,868 I-526 Immigrant Petition by Alien E...READ MORE
Sam Hodgson for The New York Times
As the Chinese increase real-estate investments in the United States, they are likely to continue to focus on major cities and metropolitan areas like New York, according to real estate industry professionals.
“I expect the Chinese to continue to focus on the gateway cities like New York, Los Angeles and San Francisco,” said Michael Krupa, president of Gemdale USA, a unit of one of Asia’s largest real-estate companies. “Those areas have and are likely to maintain strong fundamentals.”
He made his comments at the 8th annual China Business Conference at Columbia University in New York on March 27. Krupa was part of a panel that explored the topic A Tidal Wave of Chinese Real Estate Investment.
Moderator Leanne Lachman, president of Lachman Associates, an independent real estate consulting company, noted that more...READ MORE
Douglas Elliman chairman Howard Lorber is rather optimistic about the state of New York City’s real estate in the new year.
The average sales price for an apartment in Manhattan in 2014 hit a record-setting $1.72 million, a 19 percent jump from the year before, according to Douglas Elliman, and now go for roughly $1,300 per square foot. Due to strong demand, half of all sales in Manhattan went for at least the asking price in 2014, according to CNBC.
CNBC’s Robert Frank asked Lorber if this trend will continue in the new year. In December alone, Lorber said, four apartments in new developments were sold for an average price of $30 million. “So we know that we are going to have a good start to the new year.”
People will continue to pay top dollar for luxury units in upscale new developments such as One57 and 432 P...READ MORE