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Cushman & Wakefield's Stephen Preuss Out

Cushman & Wakefield’s Stephen Preuss, one of the firm’s top sales brokers, is out at the firm ....

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Sam Chang buys defunct Flushing church at 135-25 Northern Blvd. for $11M

Sam Chang buys defunct Flushing church at 135-25 Northern Blvd. for $11M
crainsnewyork.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crainsnewyork.com Daily Mail and Mail on Sunday newspapers.

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EB-5 Investor Sues Eighth Avenue Center Project

Rendering of 6208 Eighth Avenue (Raymond Chan Architects)
An EB-5 investor is suing the developers of a long-delayed mixed-use project in Brooklyn’s Sunset Park, claiming the massive complex may never win city approval and the site is now for sale.
Jinyuan Li wants the $550,000 back that he invested in the planned construction of Eighth Avenue Center, touted as a 1.3 million-square-foot megadevelopment.
Li, a Chinese citizen who lives there, was told he was among 70 EB-5 investors who contributed a total of $35 million toward the project, according to the suit. The money would help fund the complex, whose plans called for a three-story mall, along with a pair of 15-story residential towers with 350 apartments, a 17-story office tower and a 150-room hotel. The site covers Eighth Avenue, between 61st and 64th streets. ....

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