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September 30, 2021

Looming Deadline Kicking Off A Flurry Of Opportunity Zone Investment

[In-Person] Keynote announced: Gensler's Jordan Goldstein and Boston Properties' Pete Otteni discuss taking a project from start to finish

A key deadline is approaching for investors looking to maximize the benefits of the opportunity zone program, and fund managers are preparing to receive an influx of capital in the coming months. 

Looming Deadline Kicking Off A Flurry Of Opportunity Zone Investment

The opportunity zone program, passed into law in late 2017, comes with a series of incentives for investors to finance real estate projects and businesses in census tracts designated as needing investment. While the program will still provide benefits to investors for several more years, one of its incentives has a deadline…

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Menkiti Group Expands Investment Team, Aims To Improve Capital Access For Diverse Developers

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D.C.-based developer The Menkiti Group has made two new hires as part of a strategy to invest in more projects and to help young developers of color access capital. The company announced Thursday it hired Melissa Lee as senior vice president of capital and investments to lead its…

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NOVO Lands Loan To Start Construction On Alexandria Apartment Project

NOVO Lands Loan To Start Construction On Alexandria Apartment Project

A new development near Alexandria's Braddock Road Metro station, just south of the new Amazon HQ2 and Virginia Tech campuses, has landed construction financing. NOVO Properties secured a construction loan from

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No End In Sight For Industrial Boom As 'Off The Charts' Demand Continues

 

CHICAGO — Activity in the logistics and warehouse sector keeps accelerating, and construction crews seem likely to keep breaking ground on new projects no matter what obstacles appear for the rest of the economy. Developers are already breaking Chicago-area records for new construction, while tenants keep popping up, ready to lease new buildings almost as soon as they appear.

Elion Partners last week became the latest developer to hit the accelerator. It launched a $1B partnership with Brookfield Asset Management to develop up to 15M SF of additional industrial properties at its Elion Logistics Park 55 in southwest suburban Wilmington. And experts say more such announcements are likely in the months and years ahead.

“I have always tried to [forecast] the end of a cycle, and in the past, I would usually say, ‘We’ve got another year, and that’s it,’ but in this cycle, I don’t see an end approaching,” Colliers International Executive Vice President Mike Senner said.

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