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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

Yahoo02-06-2025

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.

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5 Cars With Trade-In Values So Low That They're Not Worth Selling
5 Cars With Trade-In Values So Low That They're Not Worth Selling

Yahoo

time16 hours ago

  • Yahoo

5 Cars With Trade-In Values So Low That They're Not Worth Selling

Trading in a car can seem like the easiest way to upgrade your ride, but for some models, the dealer's offer will feel like an insult. In 2025, several vehicles are facing such steep depreciation and low demand that their trade-in values are shockingly low. Lauren Fix, automotive expert at Car Coach Reports, explained that high depreciation, oversupply and expensive maintenance are the main reasons these cars are so undervalued. Find Out: Read Next: Dealers also factor in brand perception and the cost of reconditioning, which can slash offers even further. For many owners, the trade-in value might be lower than what they could get from a private sale or even scrapping the car. Here are five cars with trade-in values so low that selling them to a dealer just does not make financial sense for most owners. Also consider these five cars are worth trading in for a newer model. 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Trump, Massie feud reaches fever pitch
Trump, Massie feud reaches fever pitch

The Hill

time18 hours ago

  • The Hill

Trump, Massie feud reaches fever pitch

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'There's a large feeling that the chickens have finally come home to roost for Massie,' said T.J. Litafik, a Kentucky-based Republican strategist. Massie's break with Trump over his legislative agenda and U.S. military intervention in Iran are only the most recent developments in the feud between the two. In 2020, Massie faced Trump's wrath when he tried to force a roll call vote on the CARES Act coronavirus stimulus bill, forcing lawmakers to rush back to Washington to avoid a delay in passing the legislation. Massie let three calls from Trump go to voicemail before he finally took the president's call in the Speaker's Lobby. Trump then publicly called for Massie to be thrown out of the GOP. Three years later, Massie famously backed Trump rival Florida Gov. Ron DeSantis (R) in what became a deeply personal presidential primary battle. 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Carney government's ‘nation-building' bill becomes law despite Senate criticism
Carney government's ‘nation-building' bill becomes law despite Senate criticism

Hamilton Spectator

timea day ago

  • Hamilton Spectator

Carney government's ‘nation-building' bill becomes law despite Senate criticism

OTTAWA — Prime Minister Mark Carney's controversial legislation to fast-track 'nation-building' development projects received royal assent and became law after the rushed passage of Bill C-5 through the Senate on Thursday. But the legislative accomplishment — the first government bill to pass in both chambers under the minority Liberal administration elected April 28 — was marred by expressions of outrage from some senators, who criticized the legislation's creation of 'so-called Henry VIII' powers that allow the federal cabinet to override laws and regulations to approve development projects. Some also condemned what they saw as the bill's lack of consultation and requirements to respect Indigenous rights, suggesting the new process could get bogged down in the very opposition and delay that it is designed to avoid. 'Bill C-5 is not reconciliation. It's a betrayal of it,' said Sen. Paul Prosper, a Mi'kmaq lawyer from Nova Scotia, who told the red chamber his office received a deluge of 'racist vitriol' after he spoke about his desire to slow down the legislation that sped through the House of Commons last week with the support of opposition Conservatives. Yet some in that party still had concerns about the legislation. Mary Jane McCallum, a Conservative senator from Manitoba, argued Thursday that the bill gives too much power to the federal cabinet to choose projects, and to decide which laws and regulations are relevant to how they are approved. 'Canada is not a dictatorship, yet the so-called Henry VIII clauses in Bill C-5 bring us dangerously close to the precipice,' she said. After two days of debate, the Senate voted down several amendments that would have sent the legislation back to the House, and passed it as written without a recorded vote Thursday afternoon. It received Royal Assent from Gov. Gen. Mary Simon a short time later. Since introducing and pushing to pass the bill before Canada Day, the Carney government has defended the legislation as a necessary framework to boost economic growth and reduce reliance on the United States that has imposed steep tariffs that Ottawa deems illegal and unjustified. Last week, Carney also promised to host summits with Indigenous leaders in July to ensure there is participation on which proposed projects — from pipelines to ports and mines — are chosen for the fast-track process under C-5. The legislation gives the cabinet wide latitude to fast-track a development project based on 'any factor' it deems relevant. Although it's not written in the legislation, the government has pledged to finish the approval of fast-tracked projects so construction can begin within two years, while the special powers the bill creates are set to expire after five years. On Thursday, Sen. Hassan Yusseff, a former labour leader who advocated for the bill in the upper chamber, echoed the government's rationale that the special process to fast-track major projects — and a separate, less contentious part of the bill to lift federal barriers to trade and labour mobility inside Canada — are necessary because of U.S. President Donald Trump's trade war. His voice breaking with emotion, Yusseff made the case that the legislation is needed quickly to bolster the Canadian economy and help workers in the industries targeted by Trump's tariffs, from steel and aluminum to the auto sector. 'The men and women who build this country of ours are watching very closely,' Yusseff said. Throughout the day, senators debated the merits of the bill, with some arguing it forces Indigenous groups and environmentalists to trust the government to respect rights and standards, rather than force the government to do so. Some senators, however, said the bill's references to Indigenous rights in the Constitution, as well as the government's insistence it won't fast-track projects without provincial buy-in and Indigenous consultation, mean these concerns can't be addressed through amending the legislation. 'There's no bill we can pass that will guarantee the honour of the Crown,' said Alberta Sen. Patti LaBoucane-Benson. 'I don't think there's anything more we can do to the text of the bill to protect Indigenous rights.' Others, like Ontario Sen. Bernadette Clement, argued Parliament should take more time to improve the legislation and address concerns raised by environmental groups, Indigenous communities, and organizations like the Assembly of First Nations. 'Growing our economy, nation-building — yeah, that's urgent. It requires a timely an efficient response. But it doesn't require the trampling of Indigenous rights and our environmental protections,' Clement said. Marilou McPhedran, a senator from Manitoba, expressed shock that Conservatives and Liberals in the House voted en masse to surrender 'parliamentary sovereignty' to the cabinet under the bill. 'As we watch the results of the C-5 juggernaut roll out and roll over Canada, please remember this key question: are the constitutionally guaranteed rights to equality, to Aboriginal and treaty rights, the first to go with Bill C-5?' she said. The House of Commons made several amendments to the bill that some senators welcomed, including new reporting requirements on how projects are selected, and the creation of a parliamentary committee to oversee how the legislation is being used. The House also added a requirement to publish details of a project at least 30 days before it is named in the 'national interest,' and introduced limits so no projects can be added to the new process while Parliament is prorogued or dissolved. The legislation also requires the minister responsible for the law — currently Intergovernmental Affairs Minister Dominic LeBlanc — to consult with provinces, territories and Indigenous Peoples whose rights 'may be adversely affected' by a project. The Commons inserted a clause that requires the government to get 'written consent' from a province or territory — but not an Indigenous community — if a project falls within an area of its 'exclusive' jurisdiction. Sen. Marc Gold, the government representative in the chamber, said the bill is 'fundamentally about trust' that all groups — including the government — will act in the best interests of Canadians during a time of crisis after an election he said gave the Liberal minority government a clear mandate to pursue rapid economic growth. 'C-5 is indeed extraordinary, and indeed it entails unprecedented trust,' Gold said. 'This is not about any partisan interest, but in the interest of our country.'

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