News

Seven Must-Knows Before Investing In Opportunity Zones

Opportunity Zone Alliance member, David Brim, was featured in Forbes Finance council for his article “Seven Must-Knows Before Investing In Opportunity Zones.” David offers information regarding the tax benefits associated with the opportunity zone program, tax compliance standards, and advice on investing into an opportunity fund. David is the co-founder…
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Seattle breaks ground on its first Opportunity Zone investment 

The Opportunity Zones program was marketed as a way to help poor communities by offering major capital-gains tax breaks for investors to park their cash in 8,000 designated low-income census tracts.Source: www.washingtontimes.comSeattle’s first opportunity zone development broke ground last week. Opportunity Zones in Seattle are offering a variety of growth…
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Scott Turner Provides his insight on Opportunity Zones

Scott Turner provides his clarifications on Opportunity Zones. Scott Turner is the Executive Director of the White House Opportunity and Revitalization Council. This group of cabinet members and White House officials are working to augment the impact of investments in Opportunity Zones.
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Opportunity Zones — the Legislation that makes the Un-investible, Investible Again

There has been a lot of talk around Opportunity Zones—some of it insinuating that this legislation is just another ‘Republican Tax Scheme,’ to help the rich stay rich, but not offering anything of true benefits to the poor. However, this isn’t actually the case. Opportunity Zones across the Nation are…
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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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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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