News

Opportunity Zones in the Show Biz, Areu Bros. Studios’

An Atlanta-based film studio joins the excitement of Opportunity Zones. Their platform is targeting entertainment, technology and real estate industries all around Atlanta. The platform, Areu Bros. Studios’ anticipates growing their Qualified Opportunity Fund (QOF) to areas outside of Atlanta such as Miami, Puerto Rico and Los Angeles. The QOF…
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OZ Alliance Member’s Favorite OZ News Articles

OZ Alliance is a collective of professionals working on the Opportunity Zone initiative. In the OZ Alliance exceptional fund managers, service providers, entrepreneurs, and individual investors come together to help each other thrive. If you want to grow your network and meet new professionals in the industry check out our…
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Life Science Corridor and Opportunity Zones expand Downtown Office Space

Salt Lake City’s Department of Economic Development recently completed a prospectus for a Life Sciences Corridor that may boost demand for office space Downtown. Downtown offerings have always enjoyed an urban advantage, providing amenities, culture, [...]Source: www.buildingsaltlake.comThe prospect for a Life Sciences Corridor may boost demand for downtown office space…
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NFL Player Derrick Morgan promotes social impact investments with a $200M Qualified Opportunity Fund

Linebacker, Derrick Morgan, from the Tennessee Titans announces his retirement after a nine-year NFL career. Morgan told Forbes last week, “I’m at a time where, physically and mentally, it doesn’t make a lot of sense to continue. I feel free in a sense to be able to wake up and…
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Downtown San Jose opportunity zone turning to a transit-oriented development

SAN JOSE, Calif., Aug. 7, 2019 /PRNewswire/ -- Urban Catalyst, a multi-asset opportunity zone fund based in San Jose, announced it has acquired itSource: www.prnewswire.comThese mixed-used buildings will be focused on residents aiming to blend the Silicon Valley environment, while having easy access to public transportation systems. The Urban catalyst…
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Miami Design District OZ plans a Nine-Story Retail Development

BH3 is planning a nine-story retail development in Miami Design District’s Opportunity Zone, The Real Deal has learned.The $55 million, 86,000-square-foot project at 3801 North Miami Avenue will have retail and showroom space, with 25-foot high ceilings on the ground-floor and 14-foot high ceilingSource: therealdeal.comA nine-story retail development is being…
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Cresset-Diversified Fund Plans to Boost the Economy in Denver’s RiNo Neighborhood

Starting in early 2020, the partners will build North Wynkoop, a 10-story, 392-unit luxury community in Denver’s RiNo neighborhood.Source: www.multihousingnews.comCresset-Diversified QOZ and Hines are working together to build a luxury hotel in the RiNo area of Denver. The $500 million fund intends to redevelop a hotel, office buildings, retail and…
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OZ Funds help expand Santa Fe College in Gainesville, FL

The Economic Development Administration (EDA) has awarded a $4.8-million grant to Santa Fe College in Gainesville, Florida, to help construct and expand the college’s Center for Innovation and Economic Development (CIED) at the Blount Center. The project is located in an Opportunity Zone and will be matched with more than…
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$1 Billion Opportunity Zone Tech Fund Being Raised by Bain Capital

Bain will invest primarily in software and cybersecurity companiesWhen considering Opportunity funds, people are continuously thinking about real estate. However, Bain Capital manages more than $100 billion, and they plan to raise $1 billion for a tech-focused fund. This fund will invest in takeovers and late-stage minority investments. Bain Capital…
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Puerto Rico Governor Seeks to Move $400M into Opportunity Zone Projects

Nationwide, most of the areas face elevated poverty or limited household income.Source: finance-commerce.comPuerto Rico (P.R.) is seeking approval from the U.S. to put about $400 million of federal aid toward opportunity zone projects. These projects allow investors an ample tax incentive, while creating the opportunity for robust growth in stressed…
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