logo
First Investor in CMB Regional Centers Daytona Beach Project Receives Green Card Approval

First Investor in CMB Regional Centers Daytona Beach Project Receives Green Card Approval

Yahoo2 days ago

I-526E petition for conditional green card adjudicated 7 months after EB-5 project approved by USCIS
DALLAS, June 02, 2025 (GLOBE NEWSWIRE) -- CMB Regional Centers (CMB), one of the most experienced regional center operators in the EB-5 industry, today announced the first approval of a petition for conditional permanent residency in the United States (I-526E petition) by United States Citizenship and Immigration Services (USCIS) for an investor in its Group 84 – Hillwood Daytona BTS project.
The I-526E petition is filed by an individual seeking a green card through the EB-5 Immigrant Investor Program, with approval signifying the eligibility of the investor and their immediate family members for conditional permanent residency in the United States.
'This first approval of an I-526E petition is a significant milestone for our business and, most importantly, for the investors and families who have entrusted us with a critical step in their immigration journey,' said Noreen Hogan, President at CMB. 'We are thrilled for this investor and look forward to additional USCIS approvals in the near future.'
The CMB Group 84 EB-5 partnership lent $79.2 million to a Hillwood Development Company-affiliated entity for the construction of a Daytona Beach (Florida) build-to-suit logistics facility for a Fortune 500 tenant. CMB and Hillwood Development Company (Hillwood) have cultivated one of the most successful EB-5 lender-borrower relationships in the EB-5 space, with over 40 EB-5 projects and more than $500 million in EB-5 loan repayment to investors.
CMB and Hillwood have generated significant traction over the past year with regard to record-setting speed for approvals of their EB-5 collaborations, far outpacing the USCIS-reported 13 months (for 80% of cases) for I-956F petitions:
CMB Group 89 – Hillwood City Creek (I-956F approved in 39 days)
CMB Group 86 – Gable House Apartments (I-956F approved in under five months)
CMB Group 90 – Hillwood Treeline (I-956F approved in just over six months)
CMB Group 93 – Coachella Valley (I-956F approved in three months)
CMB Group 98 – Hillwood Commerce 71 (I-956F approved in under three months)
About CMB Regional Centers
CMB has been a leader in the EB-5 industry for over 28 years, with its first regional center designation approved in 1997. Since then, CMB has assisted over 6,600 investor families, from over 100 countries, in their pursuit of immigrating to the United States. CMB currently maintains a 100% project approval rate on all partnerships that have undergone USCIS adjudication. To date, CMB has repaid over $1.4 billion USD to investors.
To learn more, contact CMB directly at info@cmbeb5visa.com.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Nvidia Dethrones Microsoft as the Most Valuable Company
Nvidia Dethrones Microsoft as the Most Valuable Company

Entrepreneur

time23 minutes ago

  • Entrepreneur

Nvidia Dethrones Microsoft as the Most Valuable Company

A week after reporting strong first-quarter earnings, Nvidia has surpassed Microsoft in market value to become the most valuable company in the world by market capitalization. Shares of Nvidia grew by 3% on Tuesday. leading the AI chipmaker to a market cap of $3.45 trillion, greater than Microsoft's $3.44 trillion. At the time of writing, Nvidia and Microsoft have maintained their respective market values. Related: AI Agents Can Help Businesses Be '10 Times More Productive,' According to a Nvidia VP. Here's What They Are and How Much They Cost. "Global demand for Nvidia's AI infrastructure is incredibly strong," Nvidia CEO Jensen Huang stated in a press release last week. "Countries around the world are recognizing AI as essential infrastructure — just like electricity and the internet — and Nvidia stands at the center of this profound transformation." Nvidia is at the center of the AI boom. Its powerful AI chips are used by companies like OpenAI, Meta, Google, Amazon, and Oracle to create offerings like OpenAI's ChatGPT and Google's Gemini. It's the first time in nearly five months that Nvidia surged to the top spot. CNBC notes that the last time Nvidia was the most valuable company was on Jan. 24. Nvidia has been one of the top three most valuable companies in the world since last June, switching places with Microsoft and Apple. Nvidia CEO Jensen Huang. Photo by I-Hwa Cheng / AFP Nvidia's first-quarter earnings, reported last week, beat Wall Street expectations, with revenue growing 69% compared to the same period last year, rising from $26.04 billion to $44.06 billion. Meanwhile, Nvidia's data center revenue had a growth rate of 73%, surging to $39.1 billion, while its gaming division grew 42% to $3.8 billion. Related: 'I Feel More Empowered': Nvidia's CEO Uses an AI Tutor to Learn New Topics. Here's Why He Says You Should Too. Nvidia's stock has grown by over 1,400% in the past five years and by more than 20% this past year. Nvidia was founded over three decades ago and has pivoted in the past decade from a video game graphics chip maker to an AI chip powerhouse, with 70% to 95% of the market share for AI chips. In April, the company announced that it is bringing AI chip and supercomputer manufacturing to the U.S. for the first time, and is constructing new manufacturing plants across the country to support that effort.

EB5 Capital Investor Obtains First Permanent Green Card Approval in 1401 Penn (JF20) Project
EB5 Capital Investor Obtains First Permanent Green Card Approval in 1401 Penn (JF20) Project

Yahoo

time36 minutes ago

  • Yahoo

EB5 Capital Investor Obtains First Permanent Green Card Approval in 1401 Penn (JF20) Project

WASHINGTON, June 04, 2025 (GLOBE NEWSWIRE) -- EB5 Capital is pleased to announce the first I-829 petition approval for an investor in its 1401 Penn (JF20) project. The United States Citizenship and Immigration Services (USCIS) issues approval of the removal of conditions of residency for EB-5 investors who have completed their conditional residency period and have demonstrated that their investment has resulted in the creation of at least ten full-time jobs. I-829 approvals permit EB-5 investors to be lawful permanent residents of the United States. The approved petition was filed in April 2021 and was pending for approximately 50 months. 'Receiving an I-829 approval represents a significant achievement in the EB-5 journey,' said Natalia Pronina, Vice President of Investor Relations at EB5 Capital. 'We are pleased with this first approval notice and look forward to more investors getting approved.' Completed in July 2020, JF20 is a mixed-use development featuring a seven-story, 167-unit apartment community and over 20,000 square feet of ground-floor retail in Washington, D.C.'s historic Capitol Hill neighborhood. On the ground floor of the property is The Roost, a 12,500 square foot food hall operated by Neighborhood Restaurant Group featuring 12 individual food and beverage concepts. The dynamic food hall has received critical acclaim and is a premier destination on Capitol Hill. To date, EB5 Capital has raised investor funds across over 45 EB-5 projects throughout the United States. JF20 is EB5 Capital's 21st project which has reached the permanent green card stage for investors going through the EB-5 immigration process. Now that the first petition has been approved, additional I-829 petition adjudications for this project are expected in the coming Capital provides qualified foreign investors with opportunities to invest in job-creating commercial real estate projects under the United States Immigrant Investor Program (EB-5 Visa Program). Headquartered in Washington, D.C., EB5 Capital's distinguished track record and leadership in the industry has attracted investors from over 75 countries. As one of the oldest and most active Regional Center operators in the country, the firm has raised over $1.4 billion of foreign capital across approximately 45 EB-5 projects. 100% of our investors' funds are protected by the Federal Deposit Insurance Corporation (FDIC) insurance prior to their deployment into our projects. Please visit for more information. Contact: Katherine WillisDirector, Marketing & Communicationsmedia@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Walmart fires migrant workers after Supreme Court let Trump strip them of legal status: report
Walmart fires migrant workers after Supreme Court let Trump strip them of legal status: report

New York Post

timean hour ago

  • New York Post

Walmart fires migrant workers after Supreme Court let Trump strip them of legal status: report

Walmart has begun laying off employees at some of its Florida stores after a recent Supreme Court ruling allowed the Trump administration to revoke legal protections previously extended to hundreds of thousands of migrants. The company has informed staff in at least two locations that continued employment is contingent on obtaining valid work authorization, individuals familiar with the matter told Bloomberg News. The layoffs stem from the expiration of temporary legal residency status, affecting workers who had previously been permitted to live and work in the US under programs established during the Biden administration. Advertisement 3 Walmart has begun laying off employees who no longer have protected migrant status at some of its Florida stores, according to a report. AP These terminations are tied to compliance with federal I-9 forms, which employers must use to verify both the identity and employment authorization of their workers. While the exact number of terminated employees remains unclear, the move is part of a broader wave of corporate responses to a changing legal landscape. Last month, the Walt Disney Company informed some Florida-based employees who are losing temporary legal status that their jobs would be terminated. Advertisement Disney confirmed that it placed 45 workers on leave after the legal ruling, citing compliance with federal immigration laws as the reason. 'We are committed to protecting the health, safety, and well-being of all our employees who may be navigating changing immigration policies and how they could impact them or their families,' Disney said in a statement. The employees are Venezuelan nationals who had been granted Temporary Protected Status. They will continue to receive benefits while on leave, Disney said. Advertisement According to the company, the decision was made to ensure no employees were unknowingly violating US law due to their changing legal status. 3 Venezuelan migrants react after arriving on a deportation flight from the United States in Venezuela on May 9. REUTERS The Supreme Court ruling is likely to affect as many as half a million migrants, including individuals from Venezuela, Haiti, Nicaragua and Cuba. The ruling effectively permits the Trump administration to end temporary protections for these individuals, who had been allowed to enter the US legally and were often integrated into the workforce. Advertisement The Post has sought comment from Walmart. When reached by Bloomberg News, Walmart declined to comment on the staff reductions or provide details about how many workers may be affected across its 4,600 stores nationwide. The company employs approximately 1.6 million workers in the US — the majority of whom are hourly employees working in retail locations. Immigration advocates and local officials in Florida, which has a large immigrant population, have expressed concern over the ramifications of the ruling. Central Florida, which is home to thousands of Venezuelan migrants, has already begun to feel the ripple effects, Bloomberg News reported. 3 A recent Supreme Court ruling allowed the Trump administration to revoke legal protections previously extended to hundreds of thousands of migrants. AP Many residents from that community had backed Donald Trump in the last presidential election, making the impact of the Supreme Court's decision particularly resonant. State Representative Anna Eskamani, a Democrat who is running for mayor of Orlando, criticized the decision. Advertisement 'Disney sets the standard — other companies in our economy look toward them,' she said. 'We don't have enough workers as it is, so this is a bad situation that's getting worse.' Meanwhile, the Trump administration has not yet issued detailed guidance on how it plans to manage the large number of individuals expected to lose their legal status. Immigration enforcement officials have indicated that anyone lacking valid authorization could be subject to arrest and deportation. Advertisement The Trump administration recently launched a campaign to encourage voluntary departures, offering travel assistance and stipends of up to $1,000 to migrants who choose to leave the country on their own. States like Florida are home to many industries that rely heavily on immigrant labor. Labor shortages continue to plague key sectors such as hospitality, construction, and retail.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store