July 24, 2019

The New EB-5 Rules Are Out,
And The Rush To Invest Is On

Just in! Caribbean Hotel & Tourism Association CEO Frank Comito to Join Caribbean Hospitality & Tourism Summit Aug. 1

U.S. Citizenship and Immigration Services has finalized a new rule for the EB-5 Immigrant Investor Program that will nearly double the funds foreign investors need to loan to U.S.-based projects in order to get green cards. The new limit could have a substantial impact on funding for development projects around the country.

The New EB-5 Rules Are Out, And The Rush To Invest Is On

Allison Berman, the head of the EB-5 group at New York-based real estate lender and broker Greystone, predicted that there would be an "immediate run" on EB-5 investments from foreigners who want to get in while the price is cheap,…

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You Can Now Monetize Your Pool ... Unless It Turns Out To Be Illegal

About two summers ago, then-19-year-old Bunim Laskin was looking for a way to entertain his 11 younger siblings. He knocked on the door of an elderly neighbor, who agreed to let him use the pool if he would chip in for the cost of maintaining it. Laskin spread the word around the neighborhood and soon, other wannabe swimmers were also clamoring for pool time.

You Can Now Monetize Your Pool ... Unless It Turns Out To Be Illegal

“It was sort of a teenage project,” said Asher Weinberger, who teamed up with Laskin and helped grow the idea into Pools4You, which they launched last year as an “Airbnb for pools.”The site has since relaunched as a more mature venture, Swimply.com. Swimply’s website…

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KBS Sells Palm Beach Gardens Office Building For $71M

New York Life Insurance Co. has purchased a Class-A office building in Palm Beach Gardens, Florida, for $71.8M. Private equity firm KBS sold the property, Financial Center at the Gardens, it announced Tuesday. KBS bought the asset…

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Costs, Complications Plaguing Construction Industry Amid Hottest Summer Ever

As the temperatures go up during this summer's heat waves, productivity at construction sites across the country goes down.

Already this month, extreme heat has covered much of the U.S. with temperatures approaching and exceeding triple digits, and humidity makes those days feel even hotter. This June was the world's hottest on record, according to the National Weather Service. July could be the hottest month ever recorded on Earth, according to a Pennsylvania State University climate scientist.

At times like this, construction companies pay closer attention to the health of their workers at construction sites, giving them more breaks, providing shade and water, or altering work hours to do certain tasks overnight. Those measures come with a cost.

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Despite Dire Trade War Warnings, U.S. Supply Chains And Warehouses Aren't Suffering Yet

U.S. supply chains and the industrial sector haven’t been battered yet by a prolonged trade war with China, but analysts say times are still choppy and a deal can’t come soon enough.

Read the full story here.

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