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Lubert Adler Northeast Regional Center News

October 22, 2015

Lubert-Adler has sold its 95 percent stake in the ground lease at 114 Fifth Avenue in New York's Flatiron District, banking roughly $53 million in profit. Allianz Real Estate of America picked up the stake on Tuesday, paying $210 million.

January 26, 2015

The USCIS has designated the Lubert-Adler Northeast Regional Center, LLC a qualifying participant in the Immigrant Investor Program and approved the Regional Center's first project, 114 Fifth Avenue, New York City.

Mr. Gerald Ronon, President of the Regional Center, was in China in March 2015 to launch the marketing of the EB-5 investment.

Lubert-Adler in joint venture with L&L Holding Company acquired the ground lease interest in 114 Fifth Avenue in December of 2012. Located on the corner of Fifth Avenue and 17th Street in Manhattan's historic Flatiron District, the joint venture is renovating and releasing the approximately 352,000 rentable square foot office building.

March 14, 2014

Lubert-Adler Regional Center will be an exhibitor at The Invest in America 2014 (Shanghai) Summit and Exhibition, March 22-23, 2014. The firm will be exhibiting at booth B406, in addition to hosting an information session regarding our current project.

President Gerald A. Ronon will be on hand to greet foreign investors including entrepreneurs, students, retirees and anyone else seeking permanent residency in the United States via the EB-5 Investor Visa Program.

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Lubert-Adler Northeast Regional Center's project at 114 5th Avenue, NYC, is currently fully subscribed. The website will be updated when additional projects are available. 114 5th Avenue is located within the Midtown South submarket, which is one of the strongest submarkets in New York City. The Midtown South submarket has become one of the most desirable office markets in the United States based on both its vacancy and average asking rent.