According to the commission, Alexandra H. Cock and her firm, Wealth Plus, raised more than $2.5 million in securities in two real estate investment management companies that defrauded investors of millions of dollars.
This short-term model allows investors to potentially capitalize on current trends, rather than future market growth.
Multi-story construction is now economically justified in many markets due to skyrocketing land prices for industrial development.
The program, known as Chapter 313, provides property tax breaks for as long as 10 years in exchange for business investments.