Citybizlist – Dallas published a positive article, “$30 Million Zang Triangle Attracts Foreign Investors.” detailing the City of Dallas Regional Center’s capital raise and project fund utilizing the EB-5 Visa Program. Citybizlist spotlights the partial funding of the, “Zang Triangle, a class A, four-story building with 260 apartments being developed by Lang Partners LLC. The project is expected to create more than 250 direct and indirect jobs.”
Foreign Investment and the Program are creating local jobs in Dallas. Without the Program these jobs would not have the payroll funding for origination. EB-5 funded developments are collaborations between foreign investors, regional centers, and citizens of TEA’s.
As Dan Healy, managing partner of Civitas Capital management LLC, states, “”The Zang Triangle project was compelling to the investors, but also to the city, who sees this as a driver for additional investment in the immediate area surrounding the development.”
On the west coast, the Los Angeles Times, The Portland Business Journal, and Marriott News all reported on a Marriott International hotel economic development project moving forward in Los Angeles, CA.
Partnering with the hotel on the development project are IIUSA Regional Center Members:
- American Life, Inc.
- Regional Center Management Los Angeles, LLC (RCMLA)
- Williams/Dame & Associates
- Nomad Ventures, LLC
Author Roger Vincent quotes L.A. Mayor Antonio Villaraigosa in his Los Angeles Times article, “22-Story Hotel Planned for Downtown L.A.” Stating that, “This project will create countless local construction and permanent jobs and will expand Los Angeles’ infrastructure to support large-scale conventions that generate significant revenue for the city.”
Journalist Wendy Culverwell of the Portland Business Journal also covered the announcement, quoting Mayor Villaraigosa boasting that, “Today’s announcement of two new Marriott International hotels represents another crucial milestone in Los Angeles’ thriving downtown renaissance.”
In her article “Homer Williams Lands $120M L.A. Project.” Culverwell states that IIUSA Regional Center Member, “Seattle-based American Life. Inc., which specializes in EB-5 equity funding, is a partner in the project along with the U.S. Citizenship and Immigration Services department.”
[PDF copies of the articles referenced in this post are available upon request: [email protected]]
