on November 16, 2016On August 18, 2016, the Securities and Exchange Commission (“SEC”) adopted FINRA’s proposal establishing this new category of intermediaries who may receive payment based on a percentage of the transaction proceeds in connection with assisting a company in a private placement or with the evaluation of securities. The new CAB registration process should help clarify the long standing uncertainty about the legality of so called “finder” activities performed without registration as a broker-dealer.
on February 4, 2015According to a recent NAIOP Massachusetts forum, Chinese foreign investment in U.S. commercial real estate has increased from $3 billion in 2013 to $6.6 billion in 2014. As a result, China is now only second to Canada in cross-boarder real estate investments.
By James B. Heffernan on October 14, 2013Due to the credit crunch of the past few years and high interest rates on mezzanine financing, a new financing tool has emerged: the EB-5 Immigrant Investor Program. Enacted as part of the Immigration Act of 1990, the program is a great potential source of low interest financing for real estate developers. Of course, nothing comes easy and developers should be mindful that this source of funds does come with a few strings attached.
By James B. Heffernan on May 29, 2013The Massachusetts Alcoholic Beverages Control Commission (ABCC) has just adopted a procedural change for approval of liquor license applications to speed the process for applicants.