CHELSEA — A Manhattan-based immigration lawyer and real estate broker wants to connect wealthy Chinese investors looking for green cards with small developers and nonprofits to build affordable housing, recreation centers, assisted living facilities and other projects across the city. Min Chan hopes to tap the controversial federal immigration program known as EB-5, which grants...Read More
EB-5’s gatekeepers: Migration agents Last July, a swarm of high-profile guests — including Revlon Chairman Ron Perelman and former Secretary of State Henry Kissinger — gathered to celebrate the launch of a summer tour to China by the National Youth Orchestra of the U.S. Among the high-powered attendees who were invited by China’s New York...Read More
Want a Green Card? Invest in Real Estate Like many of her fellow classmates at New York University, Yanchu Zhao has a busy schedule. A college junior, she has a double major in economics and journalism, and juggles classes, an internship and life with roommates in a rental near Herald Square. But unlike many of...Read More
The Year of the Chinese Investor For more than two decades, China’s most populated city, Shanghai, has experienced a building frenzy unlike any other: Developers have built office buildings in the city of 24 million as far as the eye can see, including skyscrapers like the under-construction Shanghai Tower, one of the tallest in the...Read More
