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Not long after OZ regs are clarified, Brookfield jumps into the OZ fund game.
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Chicago-based Cresset-Diversified QOZ Fund invested $87M in equity for the development of Hines' The Preston in Downtown Houston.
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The city of Houston released a prospectus identifying key development for opportunity zones in five Houston neighborhoods.
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Normandy Real Estate Partners plans to make opportunity zone investments in the D.C., New York City and Boston metro areas.
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After months of waiting, the highly anticipated new set of proposed regulations for the Opportunity Zone program has finally arrived.
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A new $72M opportunity zone deal in Maryland is at least the fourth investment made through the program in the D.C. area this year.
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Bisnow's half-day summit about the opportunity zone program will feature government officials, major investors and key stakeholders.
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An influx of investment into opportunity zones has yet to come, but the program has spawned an ecosystem of events, media, marketing and paid consultation.
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OZ fundraisers say they have seen enough of a boost in investment activity since April to suggest the program could start working after all.
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Including the purchase price, Parkway plans to spend $80M to reposition the tower.
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