Q2 2021 TOMMIE HOTEL Project Update HIRC’S WORKING PROGRESS ON THE DEVELOPMENT OF TOMMIE HOTEL HOLLYWOOD Project Update HIRC’S WORKING PROGRESS ON THE DEVELOPMENT OF TOMMIE HOTEL HOLLYWOOD LOCATION 6516 Selma Ave Los Angeles, California INTRODUCTION Tommie Hotel is a 9-story (106,368 SF) hotel over 4 levels (79,332 SF) and 173 stalls of subterranean valet…
2021 Q3 Paraprin Capital Quarterly Report Stazione25 ＆ Viv Crossing Chicago Rockford Hilton Hotel E-2 Property Management Paragon Principal Capital is now Paraprin Capital We are happy to announce that Paragon Principal Capital is now rebranded as Paraprin Capital. The change comes to create a more concise and unique image to complement our global marketing…
We are happy to announce that Paragon Principal Capital is now rebranded as Paraprin Capital. The change comes to create a more concise and unique image to complement our global marketing efforts. All our office locations, management, and investment offerings remain unchanged. We remain fully committed to our local partners and investors throughout the world.
End of Retrogression for Vietnam-born EB-5 investors? The EB-5 category saw a lot of activity in the last week of June. First, a federal judge issued a decision invalidating the Final EB-5 Rule enacted by USCIS, thereby reverting to the earlier TEA investment amount of $500,000. Second, lawmakers were unable to reauthorise the EB-5 Regional…
July 2021 EB-5 Updates The end of June saw significant movements in the EB5 industry. It started with the success of the legal case reversing the latest EB5 regulations and reducing the investment amount for TEA projects like ours from $900k to $500k (Read more about the court decision here). The investment reduction was met…
Court Decision Issued on 500k vs. 900k EB-5 Final Rule On June 22, 2021, a Federal judge issued a decision on the court case of Behring Regional Center LLC V. Chad Wolf, et al., thus invalidating the Final EB-5 Rule enacted by USCIS on November 21, 2019. The EB-5 Final Rule had increased the EB-5…
CHICAGO-ROCKFORD HILTON – EB-5 UPDATE Q1 2021 After a challenging few months during the winter slow season and the depths of the pandemic, the Chicago-Rockford Hilton Embassy Suites Hotel & Conference Center is emerging from this difficult period with impressive speed. There are already 65 events booked up through the end of 2021 and the…
SEATTLE STAZIONE25 APARTMENTS EB-5 UPDATEQ1 2021 The Seattle Stazione25 Apartments EB-5 Project has been fully complete since November 2020 when the South Building received its Certificate of Occupancy from the City of Seattle. As the North Building occupancy rate approached 95%, the newly completed South Building is already about 50% leased up in just a…
Q1 2021 EB-5 Updates – Hyatt Tommie Hotel Hollywood Phases I & II All necessary EB-5 jobs have been created for EB-5 investors in both phases, with over 1,200 jobs created in Hyatt Tommie Phase I and over 350 jobs created in Hyatt Tommie Phase II – Citizen News. As the construction of the Hyatt…
February 2021 EB-5 Visa Bulletin Sees Modest Advancement for Vietnamese EB-5 Applicants The US Department of State has released its February 2021 Visa Bulletin. Compared to the January 2021 Visa Bulletin, there is modest advancement for Vietnamese EB-5 applicants from Sept 15, 2017 to Oct 1, 2017. There was no advancement from Aug 15, 2015…
