Green cards for sale at a South Beach hotel: Competition is on for EB5 investment visas




















If David Hart gets his way, South Beach’s 42-room Astor Hotel will be on a hiring spree this year as it adds concierge service, a roof-top pool, an all-night diner, spa and private-car service available 24 hours a day.

New hires will be crucial to Hart’s business plan, since foreign investors have agreed to pay about $50,000 for each job created by the Art Deco boutique.

The Miami immigration lawyer specializes in arranging visas for wealthy foreign citizens under a special program that trades green cards for investment dollars. Businesses get the money and must use it to boost payroll. The minimum investment is $500,000 to add at least 10 jobs to the economy. That puts the pressure on Hart and his partners at the Astor to beef up payroll dramatically, with plans to take a hotel with roughly 20 employees to one with as many as 100 workers.





“My primary responsibility is to make something happen here over the next two years that will create the jobs we need,’’ Hart said a few steps away from a nearly empty restaurant on a recent weekday morning. “It’s all going to be transformed.”

Though established in the 1990s, the “EB5” visas soared in popularity during the recession as developers sought foreign cash to replace dried-up credit markets in the United States.

Chinese investors dominate the transactions, accounting for about 65 percent of the nearly 9,000 EB5 visas granted since 2006. South Korea finishes a distant second at 12 percent and the United Kingdom holds the third-place slot at 3 percent. If Latin America and the Caribbean were one country, they would rank No. 4 on the list, with 231 EB5 visas granted, or about 3 percent of the total.

Competition has gotten stiffer for the deep-pocketed foreign investors willing to pay for green cards. The University of Miami’s bio-science research park near the Jackson hospital system raised $20 million from 40 foreign investors under the EB5 program, most of them from Asia. The money went into the park’s first building; visa brokers are waiting to see if the second building will proceed so they can offer a new pool of potential green-card sales.

In Hollywood, the stalled $131 million Margaritaville resort had hoped to raise about $75 million from EB5 investors before ditching that plan last year to pursue more traditional financing. A retail complex by developer Jeff Berkowitz in Coral Gables also launched a program to raise $50 million in EB5 money for the project, Gables Station. Hart worked with other EB5 investors to back pizza restaurants in Miami and South Beach. A limestone mine in Martin County also was backed by EB5 dollars.

This year, the city of Miami itself is expected to get into the business by setting up an EB5 program to raise foreign cash for a range of city businesses and developments. The first would be the tallest building in the city — developer Tibor Hollo’s planned 85-story apartment tower, the Panorama, in downtown Miami.

With a construction cost of about $700 million, Miami’s debut EB5 venture hopes to raise about $100 million from foreign investors, said Laura Reiff, the Greenberg Traurig lawyer in Virginia working with Miami on the EB5 effort. “This is a marquis project,’’ she said.

The arrangement is a novel one for Miami, with the city planning to help a private developer raise funds overseas for a new high-rise. And it would allow Hollo and future participants to tout the city of Miami’s endorsement when competing with other Miami-area projects for EB5 dollars. “We will have the benefit of the brand of the city of Miami,’’ said Mikki Canton, the $6,000-a-month city consultant heading Miami’s EB5 effort. “A lot of these others are privately owned and they won’t have that brand.”





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Cashing in on state contracts becomes growth industry




















Even for Tallahassee standards, the scene was notable: lobbyist Brian Ballard dining with a nursing home executive, Gov. Rick Scott and a top aide at a pricey restaurant just blocks from the Capitol.

That Ballard’s clout could command a private dinner with the governor for a client speaks to the influential lobbyist’s fundraising finesse. But equally important, and less celebrated, is Ballard’s talent for helping his clients land lucrative state contracts: $938 million this year alone, according to a Herald/Times analysis of contracts in the $70 billion state budget.

“Is that all?’’ joked Ballard, who said he had never added it up. “A big part of my business is protecting contracts, and outsourcing. Outsourcing saves [the state] money.”





Ballard is not alone. The lobbying offices that line the moss-covered streets of Tallahassee have grown exponentially larger in the last two decades as governors and legislators have steered a greater share of the state’s budget to outside vendors.

No one is keeping track of the total, but Chief Financial Officer Jeff Atwater last year estimated the total contract spend for Florida’s 2011-12 budget cycle at $50.4 billon — 72 percent of the budget. The bulk of it, nearly $42 billion, was for health care contracts and service sector grants that often are never competitively bid.

“We probably privatize, or outsource, more than some of the Northeastern states — and we have a lot more volume,’’ said David Wilkins, a retired business executive who was tapped by the governor to review the state’s byzantine contracting process. He also is secretary of the Department of Children and Families.

Vendors — from giant computer firms and health care HMOs, to purveyors of office supplies, parking spaces and even prison services — each compete for a piece of one of the biggest spending pies in the Southeast: the state of Florida. The infusion of state cash into private and non-profit industries has spawned a cottage industry of lobbyists who help vendors manage the labyrinth of rules and build relationships with executive agency officers and staff so they can steer contracts to their clients.

There are now more people registered to lobby the governor, the Cabinet and their agencies — 4,925 — than there are registered to lobby the 160-member Legislature — 3,235.

Dozens of former legislators and their staff populate that industry, as well as former utility regulators, agency secretaries, division heads and other employees.

The most high-profile newcomer to the executive branch lobbying corps is Dean Cannon, the former speaker of the House from Orlando. Even before he retired from office in November, he had set up a lobbying shop just a block from the Capitol and started signing up clients to lobby the executive branch.

Cannon’s swift lawmaker-to-lobbyist turnaround has spawned a backlash from former colleagues. Senators are proposing that lawmakers leaving office wait two years before they can lobby the executive branch — similar to the aw that applies to former lawmakers who lobby the legislature.

“One minute you can be overseeing a budget and the next you’re lobbying a state agency,’’ said Sen. Jack Latvala, R-St. Petersburg, who is shepherding the Senate ethics bill. “That’s a revolving door and that’s wrong.”





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Double Take Celebrity Lookalikes



Stacy Keibler and Heidi Klum







ETonline has found the lookalikes to the stars and, it turns out, it's
their Hollywood peers. Click the pics and let us know if you think these
celebs bear a resemblance to one another. 








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Child, 8, reportedly killed in LI apartment fire, more than 200 left homeless








HEMPSTEAD — Police say an apartment fire that spread to several buildings has forced 250 people from their homes, killed one and sent 11 to hospitals on Long Island.

Nassau County police say one victim is in critical condition after fire Saturday morning in Hempstead. The rest have injuries that aren't seen as life-threatening.

Police haven't released the identity of the person who died. Newsday says that victim is an 8-year-old boy, and another is a pregnant woman who suffered a heart attack.

Detectives are trying to determine what caused the fire. They don't believe it was set deliberately. It started in a third-floor apartment on Paul Road North around 6:20 a.m.



Some 300 firefighters were called in from 13 departments. It took several hours to extinguish the fire.










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Mega mansion frenzy: Buyer snaps up Pat Riley’s $16M home to level it, rebuild




















Miami Heat President Pat Riley sold his spectacular bayfront mansion in gated Gables Estates for $16.8 million last March.

The 12,856-square-foot Mediterranean-style dream house at 180 Arvida Parkway has a theater, wine cellar, library, and a sprawling pool with waterfalls and an aqua bar.

But that’s all coming down.





Turns out the lure was the lot: a rare fingertip of prime land, nearly two acres, jutting into the turquoise waters of Biscayne Bay.

In December, the buyer — listed as 180 Arvida LLC represented by Miami attorney Mark Hasner — presented the City of Coral Gables with plans to tear down the home, built in 1991, and erect an even grander estate along the 900 linear feet of bayfront.

“Most people would move in and be perfectly happy, but clients are looking for perfection — really good stuff,” said Jorge Uribe, a senior vice president at One Sotheby’s International Realty, who wasn’t involved but sold an even bigger trophy property last year: a $39.4 million estate at 14 Indian Creek Dr., on Indian Creek Island in Miami Beach, dubbed “Miami’s Billionaire Bunker” by Forbes magazine.

“The trend in the last several years is a demand for very high-quality product. People are looking for really good locations, really good materials, and they’re willing to pay for it,” Uribe said.

Miami’s ultra-luxury market is on fire. Prices for the fanciest single-family homes and condominiums have soared to levels never before seen in the area, fueled by strong foreign demand and renewed interest from New Yorkers and others in the Northeast.

With Miami’s global image burnished by Art Basel Miami Beach and the debut of other cultural and entertainment venues, the city is emerging as an even greater magnet for the world’s super-rich.

In January, a penthouse at the Setai Resort & Residences on Miami Beach fetched $27 million, a new high for a Miami-Dade condominium. “Every building we do business in is at its highest price of all time,” said Mark Zilbert, president of Zilbert International Realty, which represented the buyer in the Setai deal.

Last August, a sleek, new home, built on spec at 3 Indian Creek Dr., sold for $47 million, a record high for a Miami-Dade residence. The buyer, whose identity has not been revealed, is Russian.

“People are realizing how valuable the bay waterfront is,” said Oren Alexander, co-founder of the Alexander Group at Douglas Elliman Real Estate, who co-listed the 3 Indian Creek property with The Jills team at Coldwell Banker and represented the buyer for the home. His father, Shlomy Alexander, developed the property with partner Felix Cohen.

Shlomy Alexander is working on two more extravagant spec homes — one at 30 Indian Creek Dr. and a second that is set to break ground shortly at 252 Bal Bay Dr. in Bal Harbour, his son said. Plans envision a tropical modern-style project that fuses the indoors and outdoors — a concept popular in Brazil.

Th elder Alexander recently traveled to Italy to shop for exclusive stone for the projects, said the son.

“It’s really trending to the ultra-luxury. All sorts of exotic materials — exotic woods, exotic marbles, exotic stones,” said Sean Murphy, an executive vice president at Coastal Construction, a major builder of luxury hotels and condominiums that also has erected some of the most extravagant mansions in the region. “Everything is so exotic.”





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Red light camera opponents find questionable champion in Rep. Campbell




















Opponents of red-light cameras could have found a better advocate for their cause than state Rep. Daphne Campbell, D-Miami, who is sponsoring a bill to outlaw the practice.

A Honda minivan registered to her husband, Hubert, has five red-light camera violations, according to records obtained by the Herald/Times from American Traffic Solutions, or ATS, a Scottsdale, Ariz. vendor that provides the cameras for most cities and counties in Florida.

Two of the tickets, a May 10, 2010, violation in North Miami and a July 16, 2010, violation in Hallandale Beach, remain uncollected.





A ticket costs $158. If unpaid, a traffic citation is issued and may result in the termination of the vehicle registration and suspension of the owner’s driver’s license.

ATS provided a photo of the Honda Odyssey minivan at one of the violations. It has a Campbell campaign sticker on it. Two videos show the minivan making reckless turns on red, one left and the other right.

When reached Friday night, Campbell explained she was filing the bill for her constituents.

“My constituents complained and the people are hurting,” Campbell said. “I promised them when I went to Tallahassee that I would repeal the red-light cameras.”

Asked about the five tickets, Campbell said she didn’t know about them. Or at least four of them. She said she did know about a ticket she received in the mail for an Oct. 22 Miami Gardens violation.

But she said she had no clue about the others.

“Something is definitely wrong,” Campbell said. “You are the one who just told me about it. This is news to me.”

Despite the video footage of the minivan blowing through the red lights, Campbell wasn’t buying it.

“It’s a lie,” she said. “That camera is a made up story. You can do anything with the computer now.”

ATS spokesman Charles Territo said it was unlikely Campbell wouldn’t have gotten notice of the tickets, and he vouched for the accuracy of his company’s records and the photographic evidence.

“I don’t know how she wouldn’t know, unless her husband didn’t tell her,” Territo said. “Someone there knows about them because three have been paid.”





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Jerry Lewis Max Rose Set Visit

Hollywood legend Jerry Lewis explores the dignity of aging, the value of family, and the power of marriage in his new movie Max Rose. The octogenarian star exclusively shares a day on the set of the upcoming film with ET, and also gives our young interviewer Tatiana Toomer a hard time – just for the fun of it.

Pics: 13 Must-See Movies of 2013

Asked to explain his character in the film, he replies, "You want to hear about that? Buy at ticket." Tatiana then tries another approach and asks him to describe the scene they're shooting that day. He jokes, "Today is the day I operate on my own appendix."

The man with a self-proclaimed reputation "that says I'm not easy" was, however, quick to praise his Max Rose director Daniel Noah along with the hard-working crew. He was also happy to talk about his upcoming birthday.

"Eight-seven, baby! I'm going to have a bottle of Dom Perignon and I'm going to pour champagne for my daughter and my wife and me and my puppies," says Jerry about his upcoming March celebration. "Like New Year's, every year we go to bed about 20 minutes to 10. We look at one another and say, 'Well, after 35 years I'm still crazy nuts over you.' And we give one another a kiss and we go to bed."

Max Rose follows the story of an 82-year old jazz pianist and recent widower who revisits key moments in his life when a discovery, made days before his wife's death, causes him to believe his marriage was a lie. Claire Bloom, Kevin Pollak, Kerry Bishé, Mort Sahl, Lee Weaver, Rance Howard, Fred Willard and Dean Stockwell also star.

"It's got action, animation, truth, sensitivity, honesty, a wonderful cast of wonderful actors and a crew that's the best you ever saw in your life," says Jerry. "They are so nice and so good that I work my heart out so that I don't come up empty, because they deserve more."

Video: Meryl Streep 'Hope Springs' Bloopers

Prompted to reflect on his legacy, Jerry quipped, "My legacy? I don't believe in legacies. I believe that if you want to say something good about me, do it while I can I can hear it."

He then added, "I don't like to have to go back and remember what's gone. I'd rather go forward anticipating what's coming, and I know that this film, if I know anything about the work, we're going to shake up some people, because it has an emotional nub to it."

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American, US Air boards close on merger decision








DALLAS — The boards of American Airlines parent AMR Corp. and US Airways could decide early next week whether to merge their two companies and create an airline rivaling the world's biggest.

The AMR board is scheduled to meet Monday, and directors of US Airways Group Inc. planned to meet over the weekend or Monday, people close to the matter said on Friday.

The two sides have been trying to resolve two major outstanding issues — the division of ownership and management roles, according to the people, who spoke on condition of anonymity because the talks are private.




Negotiators have settled on a split that would give slightly more than 70 percent of the new company's stock to AMR bankruptcy creditors and the rest to US Airways shareholders, said one person.

US Airways CEO Doug Parker would run the new company, which would keep the American Airlines name. But the exact role for AMR CEO Tom Horton has not been settled, said three of the people. He could be named non-executive board chairman, they said.

Citing people familiar with the discussions, Bloomberg News reported that Horton's tenure in that position would only last one or two years.

An announcement is possible as early as Tuesday but could be delayed. The two sides are rushing to complete a deal by next Friday. That's when a key group of AMR bondholders who support a merger will no longer be restricted by the confidentiality agreement that has prevented the parties from discussing the talks.

AMR and US Airways declined to comment on the talks.

American is the nation's third-biggest airline and US Airways ranks fifth by passenger traffic. Together, they would be bigger than current world leader United Continental Holdings Inc., although United would remain slightly larger if regional operations such as United Express and American Eagle are counted.

US Airways is the product of a 2005 merger with America West, which was smaller but controlled the deal and took over the bigger company's name. It has been pursuing a merger with American since shortly after AMR filed for bankruptcy protection in November 2011.

AMR sat out the last several rounds of consolidation in the airline industry and lost its perch as the world's biggest airline in 2008. Its last major acquisition was TWA, which was bankrupt at the time, in 2001.










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Sign up for Feb. 21 Miami Herald Small Business Forum




















Prepare your best pitch for the Miami Herald’s Small Business Forum, Feb. 21 at the south campus of our sponsor, Florida International University.

In addition to how-to panels and inspirational stories from successful entrepreneurs, our annual small business forum will include interactive opportunities with experts to learn about financing options and polish your personal and business brands.

During our finance panel, audience volunteers will be invited to explain their financing needs to the group. During our box-lunch session, they will be invited to pitch their business or personal brand to our coaches.





Those who prefer just to listen will be treated to a keynote address by Alberto Perlman, co-founder of the global fitness craze Zumba. Panels include success stories from the local entrepreneurs who founded Sedano’s, Jennifer’s Homemade and ReStockIt.com; finance tips from experts in small business loans, venture capital, angel investments and traditional bank loans; and insiders in the burgeoning South Florida tech start-up scene.

Plus, it’s a real bargain. $25 includes the half-day seminar, continental breakfast and a box lunch.

Register here.

Program

8 a.m.

Registration and continental breakfast, provided by Bill Hansen Catering

8:30 a.m. Welcome

Host: David Suarez, president and CEO, Interactive Training Solutions, LLC

•  Jerry Haar, PhD, associate dean & director, FIU Eugenio Pino and Family Global

Entrepreneurship Center

•  Alice Horn, executive director, Network for Teaching Entrepreneurship (NFTE South Florida)

•  Jane Wooldridge, Business editor, The Miami Herald

Miami Herald Business Plan Challenge Overview:

•  Nancy Dahlberg, Business Plan Challenge coordinator, The Miami Herald

8:45 a.m. Session I – Success Stories

Moderator: Jerry Haar, PhD, associate dean & director, FIU Eugenio Pino and Family Global

Entrepreneurship Center

Speakers:

•  Jennifer Behar, founder, Jennifer’s Homemade

•  Matt Kuttler, co-president of ReStockIt.com

•  Javier Herrán, chief marketing officer, Sedano’s Supermarkets

10 a.m. Session II – All about Tech

Moderator: Jane Wooldridge, Business editor, The Miami Herald

Speakers

•  Susan Amat, founder, Launch Pad Tech

•  Nancy Borkowski, executive director, Health Management Programs, Chapman Graduate School of

Business, Florida International University

•  Mark Slaughter, CEO, Cohealo.com

•  Chris Fleck, vice president of mobility solutions at Citrix and a director of the South Florida Tech Alliance

11:15 a.m. Keynote

Speaker: Alberto Perlman, CEO and co-founder of Zumba® Fitness

Introduction: Jane Wooldridge, business editor, The Miami Herald

11:45 a.m. Session III – Show me the money: Financing your small business

An interactive session featuring audience volunteers who will be invited to make a short investment pitch before a panel, including experts in microlending, SBA loans, traditional bank loans, venture capital and angel investing. Audience volunteers should come prepared with a two-minute presentation that includes details about current backing, how much money they are seeking and a brief synosis of ow that money would be used.

Moderator: Melissa Krinzman, founder and managing director, Venture Architects

Panelists:

•  Marjorie Weber, chairman, SCORE of Miami-Dade

•  Cornell Crews, Jr., program director, Partners for Self Employment

•  Darius G. Nevin, co-founder, G3 Capital Partners, a mid-market and early-stage investment company

•  Boris Hirmas Said, chairman of the board, Tres Mares S.A. (Santiago, Chile) and entrepreneur in

residence at the Eugenio Pino and Family Global Entrepreneurship Center

1 p.m. Lunch session - Polish your Pitch, Brighten Your Personal Brand

An interactive session featuring audience volunteers who will be invited to make short pitches about their businesses and themselves. Audience volunteers should come prepared with a two-minute presentation.

Coaches: Melissa Krinzman of Venture Architects and Michelle Villalobos of Mivista Consulting

advise audience volunteers on how to best pitch themselves and their products.

Box lunch provided by Bill Hansen Catering

All speakers confirmed unless otherwise noted. Agenda is subject to change without notice .





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Green card ends terrible chapter for South Floridian




















Juan José Correa Villalonga looked at the envelope, felt its contents and held it close to his chest, but he would not open it. He let his mother do it, because the permanent residence card inside represented long years of her struggles.

And thus, the young Venezuelan became one of the few people who have been deported and later allowed to return to the United States. He is perhaps the only Venezuelan ever to have accomplished this.

“I feel very fortunate for this,” Villalonga said in an interview this week, just days after receiving the green card. “I know there are many people being separated from their families and they never reunite again, so for me this is a blessing.”





His mother, Helene Villalonga, is a well-known activist for human rights and a critic of Hugo Chávez’s government. In 2000, when Juan was 11 years old, the family fled Venezuela because of political persecution. They sought political asylum in the United States but were ripped off by two lawyers who did not represent them properly. The family’s petition was denied.

Venezuelan exiles, unlike Cubans, do not enjoy special immigration privileges, though officials with U.S. Immigration and Customs Enforcement said the number of deportations of Venezuelans had diminished in recent years. According to ICE numbers, more than 400 Venezuelans were deported every year between 2007 and 2010. In 2011, however, the number of deportations dropped to 290.

Villalonga graduated from high school with honors in 2007, was awarded a scholarship, and was accepted into Florida International University — but due to his undocumented status he did not have access to his scholarship funds. After his first semester as a psychology major, he realized he could not continue to pay tuition on his own. Then he decided to go to Canada, where he had also been offered scholarships by several universities.

He drove for six days in his gold Dodge Neon, and was close to the Canadian border when, on June 27, 2009, he stopped on a road in Vermont and was arrested by a highway patrol officer.

“Are you aware that you have a deportation order?” he said the officer asked him.

“I explained to him that my family had an open case of political asylum, but it was there that I learned that there was a deportation order against us and our lawyer never notified us,” Villalonga said.

He went through three prisons in two months and, though his family warned immigration authorities that he would be in danger if he were returned to Venezuela, one night in August he was deported without having time to inform anybody.

He arrived in Caracas at 5 a.m. with $195 in his pocket. Villalonga remembered two telephone numbers of relatives in Venezuela, those of his aunt Vivian and his grandmother Blanca.

“I knew nothing about Caracas because I had never been there,” said Villalonga, whose family is from Valencia, west of Venezuela’s capital. “But I did know that it is one of the most dangerous cities in South America.”

During the two years Villalonga was in Venezuela, his mother launched a campaign to demonstrate that her son’s life was in danger.

Villalonga said that while in Venezuela he received threats by email. One day when he was alone at his aunt’s house, he heard someone enter the back yard. When he came out to check, he found three armed men wearing red shirts and red berets.





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