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Latest Atlanta & Southeast Opportunity Zones Stories
Trilogy Investment Company and Pinnacle Partners are delivering their second joint Opportunity Zone build-to-rent community project. The North Davidson (NoDa) project brings the organizations’ best-in-class development capabilities in a strong location to expedite construction of market-driven housing solutions. Targeting Opportunity Zone projects in Charlotte, Trilogy purchased the NoDa project from Pulte Homes in partnership with …
Capital Square has broken ground on Livano Knoxville, an approximately 348-unit Class A multifamily community in a qualified opportunity zone in Knoxville, TN. Construction is expected to be completed by spring 2025. The project is being developed in partnership with LIV Development. The development is located at 451 W. Blount Avenue. The multifamily community will …
Latest Boston & New England Opportunity Zones Stories
Bank Rhode Island’s commercial real estate division has provided $7.9 million to Cathedral Development Group, Inc., to refinance the Hanora Lippitt Mills housing complex in Woonsocket, RI, according to published reports. Hanora Lippitt Mills features 117 affordable housing units dedicated for elderly and disabled residents. A historic textile mill whose oldest section was constructed in …
More than 13 legislators from the New England region as of October 22, 202, have signed on as cosponsors of The Affordable Housing Credit Improvement Act of 2021: ConnecticutSen. Christopher Murphy (D)Rep. James Himes (D)Rep. John Larson (D) MaineSen. Susan Collins (R) MassachusettsRep. Jake Auchincloss (D)Rep. Katherine Clark (D)Rep. James McGovern (D)Rep. Ayanna Pressley (D)Rep. …
Latest California Opportunity Zones Stories
Walls have been tilted at Colton Commerce Center, a four-building 182,123-square-foot Class A industrial park with buildings ranging from 40,000 to 50,000 square feet located in a federally designated Opportunity Zone at 2245 West Valley Blvd. in Colton. The buildings at this Inland Empire development are available for sale or lease, with construction scheduled for completion …
JLL Capital Markets arranged a $34.115-million construction-to-perm loan for SixSixty, a Class A medical building totaling 124,076 square feet in downtown Sacramento. Senior managing directors Jeff Sause and John Chun worked on behalf of the borrower, the joint venture of Revitate’s opportunity zone platform, RevOZ Capital and Argosy Real Estate Partners, to secure the seven-year loan through Siemens …
Latest Chicago & Midwest Opportunity Zones Stories
Greatwater Opportunity Capital is bringing a new $14 million multifamily project to Detroit’s Midtown neighborhood. Located at 3740 Second Avenue, the 39,355-square-foot four-story building will feature 33 studios and 24 one-bedroom apartments. Greatwater leveraged Opportunity Zone funds and financing from Diversified Members Credit Union. McIntosh Poris is the architect, and the Monahan Company is the …
Waterton, a Chicago-based national real estate investor and operator, launched its new Outbound Hotels brand, a collection of locally-minded hotels offering differentiated lodging options for lifestyle travelers seeking outdoor-inspired experiences near town centers and cultural hubs. “Outbound Hotels expands the traditional hospitality model,” said David Schwartz, CEO and chairman of Waterton. “Our portfolio of hotel …
Latest Dealmakers of the Year Opportunity Zones Stories
Latest Developers of the Year Opportunity Zones Stories
Latest Florida & Gulf Coast Opportunity Zones Stories
Shoreham Capital, in partnership with Bridge Investment Group and Wynkoop Financial, has broken ground on Siesta Lakes, a 412-unit Class-A rental community in Cape Coral, Florida. The team secured a $66 million construction loan for the project, which is expected to cost $120 million to build. The group paid $11.5 million for the 26-acre property, …
Berkadia has arranged the $39.5-million sale of a one-acre, Opportunity Zone-designated site in the heart of Downtown Miami for a JV with Chicago, IL-based developer The John Buck Company – Florida Value Partners, and BH Group with PEBB Enterprises. Jaret Turkell, Roberto Pesant, Scott Wadler, Yoav Yuhjtman, Omar Morales and Jose Mota of Berkadia marketed …
Latest Global Opportunity Zones Stories
Latest Innovators of the Year Opportunity Zones Stories
Latest Investors/Owners of the Year Opportunity Zones Stories
Latest Lenders Opportunity Zones Stories
Latest National Opportunity Zones Stories
Cantor Fitzgerald, L.P. and Silverstein Properties, Inc. said Monday they had closed on Cantor Silverstein Opportunity Zone Trust II, Inc. with more than $470 million of equity raised. CSOZ Trust II includes four planned multifamily and mixed-use developments totaling 1,932 multifamily units and 1.5 million square feet and located in Tempe, AZ, Richmond, VA, Summerville, SC and Huntsville, AL. “We have seen …
While some of the tax-deferred “goodies” offered by Opportunity Zone investments have long expired, the interest in these vehicles has not. According to a report by Novogradac, Qualified Opportunity Funds (QOFs) tracked by the company raised $3.53 billion in equity during 2023. This increased the total amount of Qualified Opportunity Zone (QOZ) equity raised to …
Latest New York & Tri-State Opportunity Zones Stories
M&T Realty Capital Corporation provided $38.71 million in financing for 29-17 40th Ave., a 103-unit affordable property in a Long Island City Qualified Opportunity Zone. Loan originators Matt Newton and Todd Trehubenko of the M&T RCC office in Boston arranged the Freddie Mac Targeted Affordable Housing loan on behalf of The Davis Companies, SB Development …
NAI James E. Hanson has been appointed as the exclusive leasing brokerage for Newark Distribution Center, a 716,158-square-foot industrial complex in Newark, New Jersey. Owned by Hines, the distribution center is located in an Opportunity Zone. It offers adaptable industrial facilities suitable for tenants with complex logistics, fulfillment, or warehousing needs. The center …
Latest Phoenix & Southwest Opportunity Zones Stories
LaTerra Development has joined forces with experienced Opportunity Zone investor Revitate to break ground on Bedrock, a new Build-to-Rent community in Albuquerque. Revitate has led or co-led over 15 opportunity zone projects in excess of $1.4 billion in project value. The project investment on Bedrock is expected to be over $100 million. As New Mexico’s largest residential …
Caliber, an Opportunity Zone investor, purchased the lease rights for 100 acres of land to begin developing The Riverwalk Development project, located in the Salt River Pima Maricopa Indian Community, just south of Scottsdale. Current plans include splitting the almost 100 acres into seven parcels where mixed-use entertainment, retail, restaurants, hotels, event venues and immersive …
Latest Seattle & Northwest Opportunity Zones Stories
Seattle-based Pinnacle Partners, a real estate investment manager, and Dallas-based multifamily developer JPI announced the launch of a $200 million workforce housing fund. The fund will back four projects, including one in Redmond at 15025 NE 24th Street. The new fund will partner on the development with the property owner with Stream Real Estate, reported …
Lincoln Property Co. (LPC) has opened Port of Vancouver USA Terminal 1, an office and retail development in southern Washington. The two-building complex is located in the city’s waterfront district and features 366,000 square feet of Class A office space, 12,000 square feet of ground-floor retail space and commercial amenities. The office component of the …
Latest Texas Opportunity Zones Stories
Banyan Residential and Bridge Investment Group, has welcomed first move-ins at Banyan Flats, a 289-unit apartment community just west of downtown Dallas. Among one of the city’s first Public Facility Corporation projects, Banyan Flats will offer qualifying residents rent-restricted pricing on 50% of the building as part of the program. The development, which is in a designated …
Two workforce multifamily properties in a Houston Qualified Opportunity Zone recently sold for an undisclosed purchase price. Indus Management, a multifamily management company also based in Houston, acquired the properties for a combined total of 687 units. Joey Rippel, Chris Young, Jeffrey Skipworth, Kyle Whitney, Todd Marix and Chris Curry of Berkadia Houston marketed The …
Latest Transactions of the Year Opportunity Zones Stories
Latest Washington DC & Mid-Atlantic Opportunity Zones Stories
Greysteel has announced the listing of a mixed-use opportunity zone development site at 45 Q Street SW, located in the rapidly expanding Southwest Waterfront area of Washington, D.C. This fully entitled property is situated in proximity to the Navy Yard, The Wharf, and Buzzard Point. “45 Q Street is a rare opportunity to deliver a …
Capital Square has been granted zoning approval by the Richmond City Council to develop an eight-story mixed-use apartment community and luxury hotel in the Scott’s Addition designated opportunity zone in Richmond, Virginia. The development will be funded with proceeds from Capital Square’s CSRA Opportunity Zone Fund IX, LLC, a project-specific opportunity zone fund seeking to …























