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In A Beijing Ballroom, Jared Kushner's Family Pushes 'Investor Visa' To Wealthy Chinese

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Beijing:  The Kushner family came to the United States as refugees, worked hard and made it big - and if you invest in Kushner properties , so can you. That was the message delivered Saturday by White House senior adviser Jared Kushner 's sister Nicole Kushner Meyer to a ballroom full of wealthy Chinese investors in Beijing. Over several hours of slide shows and presentations, representatives from the Kushner family business urged Chinese citizens gathered at a Ritz-Carlton hotel to consider investing hundreds of thousands of dollars in a New Jersey luxury apartment complex that would help them secure what's known as an investor visa. The potential investors were advised to invest sooner rather than later in case visa rules change under the Trump administration."Invest early, and you will invest under the old rules," one speaker said. The tagline on a brochure for the event: "Invest $500,000 and immigrate to the United States." And the highlight of t...

Chinese buyers keeping apartments empty 'an urban myth'

After a UBS housing report pointed to as many as one in four homes owned offshore by mainland Chinese buyers being kept empty, and a further quarter used on a "temporary" basis, experts have been quick to say the results do not apply to Australian real estate . Among the naysayers is Jane Lu, head of Australia for Chinese international property site Juwai . She said there was "no hard data" and called the idea of vacant apartments held by offshore buyers as an "urban myth". "Most Chinese buyers of inner- city apartments are not so wealthy that they can afford to leave their property vacant ??? rather than renting it and earning some sort of income. There are some who do not live there full-time, because it is their second home. " Chinese investors are no more likely to turn down easy rent money than are Australians ... Australian second-home owners probably have more vacant properties in Ballina and Byron Bay than Chinese investors do...

Visa program offers promise to the poor — then breaks it

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It was the type of celebration that’s become commonplace in the Seaport District . Investors, developers, and other real estate types mingled earlier this summer at a groundbreaking ceremony for Echelon Seaport — $900 million worth of luxury condos and apartments set to rise from a parking lot on Seaport Boulevard. Advertisement Under a big white tent , guests sipped cocktails and listened as Governor Charlie Baker and Boston Mayor Martin J. Walsh touted the glassy, gleaming business district sprouting around them.Away from the festivities, Alex Shing of Los Angeles- based Cottonwood Management — the project’s developer — spoke about the strong interest from investors all over the globe who wanted to buy into Boston’s booming Seaport. Get Talking Points in your inbox: An afternoon recap of the day’s most important business news , delivered weekdays. “This is probably the most valuable piece of dirt in the world,” Shing said. Yet to help finance the project, Cottonwood and its...

Newborn baby found in grassy area cover in ants

Florida state troopers told to write 2 tickets per hour Mark Welch of the Tallahassee-based Troop H said he "wants to see two citations each hour", the Tampa Bay Times reports . The email allegedly thanked the government for the troopers' 5 percent raise, which also increased overtime rates . Deere & Company (NYSE:DE) Stock Traded 4.7% Above Its 50 Day Average The value of the investment in Deere & Company went from $1,535,000 to $1,930,000 a change of $395,000 for the reporting period. Baring Asset Management Ltd increased Pilgrims Pride (NASDAQ:PPC) stake by 20,848 shares to 154,820 valued at $2.94M in 2016Q4. After voting for sanctions, China tells North Korea to act 'smart' Tillerson conceded there would likely be a lag period before the sanctions "actually have a practical bite on their revenues". Guam, a tropical island more than 3,000 km (2,000 miles) to the southeast of North Korea, is home to about 163,000 people. Philippe Coutinh...

The Plaza Is for Sale, but a Part-Owner Has Other Ideas

“We are not selling our stake and are comfortable with our rights relating to any sale by others,” said Sarmad Zok, chief executive of the prince’s company, Kingdom Hotel Investments . “We are proud to have partnered with Ashkenazy to reinstate the glory of this unique asset.” The partners have a plan for an extensive modernization program to better compete with other five-star hotels in Manhattan and to reopen areas of the hotel that have been bogged down in renovations. The Plaza’s famous Oak Room and the wood- paneled Oak Room Bar have been closed for the past six years. Whether Mr. Roy and Sahara truly intend to sell or are merely trying to bolster the price, they appear to be pressing forward. “We’ ll solicit bids ,” said Jeffrey Davis, an international director of JLL, who is overseeing the bidding for Sahara. “It’s the most iconic real estate asset in the world. It’ ll garner international attention .” Mr. Davis declined to comment on whether Kingdom Hotel Investments has ...

The Plaza Is for Sale, but a Part-Owner Has Other Ideas

“We are not selling our stake and are comfortable with our rights relating to any sale by others,” said Sarmad Zok, chief executive of the prince’s company, Kingdom Hotel Investments . “We are proud to have partnered with Ashkenazy to reinstate the glory of this unique asset.” The partners have a plan for an extensive modernization program to better compete with other five-star hotels in Manhattan and to reopen areas of the hotel that have been bogged down in renovations. The Plaza’s famous Oak Room and the wood- paneled Oak Room Bar have been closed for the past six years. Whether Mr. Roy and Sahara truly intend to sell or are merely trying to bolster the price, they appear to be pressing forward. “We’ ll solicit bids ,” said Jeffrey Davis, an international director of JLL, who is overseeing the bidding for Sahara. “It’s the most iconic real estate asset in the world. It’ ll garner international attention .” Mr. Davis declined to comment on whether Kingdom Hotel Investments has ...