Dallas hotel REIT to buy Ritz-Carlton Reserve in Puerto Rico for $187M
Braemar Hotels & Resorts is buying a boutique hotel in Puerto Rico, where billionaire John Palson is seeking to...
Opportunity zones are meant to encourage development and job creation in low-income communities. To do this, opportunity zones allow investors who invest unrealized capital gains in opportunity funds to defer paying capital gains income tax on the money until 2026. These funds are then invested into the OZ. If 90% of the investment stays in the zone for ten years, investors can avoid paying the capital gains tax altogether. In New York there are 306 opportunity zones.
Braemar Hotels & Resorts is buying a boutique hotel in Puerto Rico, where billionaire John Palson is seeking to...
Arden Group is planning to turn an Inwood parking garage into a large residential building as developers rush to...
A real estate fund manager in Manhattan was indicted Tuesday, charged with securities and wire fraud and aggravated identity...
Goldman Sachs Asset Management said it provided $290 million of financing for a mixed-use development in a Queens Opportunity...
The Opportunity Zone program has yet to live up to its hype. Designed to incentivize investment in low-income areas,...
Simon Kaufman’s YS Developers scored a $63 million construction loan for a 14-story, 151-unit residential development in the Bronx....
Developers who had hoped for potential expansion of Opportunity Zones won’t be getting their way. The Internal Revenue Services...
A Trump-era tax incentive was meant to drive investment into parts of the country that were struggling economically. Spoiler...
New York will no longer offer some state tax benefits to real estate investors funding Opportunity Zone projects, dealing...
Manny Friedman’s EJF Capital is launching another Opportunity Zone fund after falling short of its expectations for its first....