Why This Region May Lose Out On Opportunity Funds
August 27, 2018

Why This Region May Lose Out On Opportunity Funds

The Bay Area has one of the tightest office markets in the country. Will this change in 2019? CRE experts weigh in at Office West Sept. 13.

While many cities and investors are starting to look further into the benefits opportunity zones and funds could provide to spur new development and investment in distressed areas, one region is at risk of missing out. The Bay Area's notoriously long entitlement and development process could mean the region's cities won't be able to take full advantage of the 10-year Opportunity Zones program.

“The Bay Area will not experience the overall benefit the rest of the country does because of all the restrictions and slow development processes,” Panoramic Interests Director of Development Zac Shore said during Bisnow's Bay Area Construction and Development event Thursday.…

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More On Opportunity Zones

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Bisnow (BOLD West) 9.13 BA 14395
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Splunk Expands Santana Row Footprint

Splunk is quickly becoming one of the largest tenants at Federal Realty Investment Trust's Santana Row. The machine data software company just leased 301K SF at the under-construction 700 Santana Row building, the Bay Area News Group reports. It previously…

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Greystar To Break Ground On Latest Redwood City Project

Greystar will soon break ground on a mixed-use multifamily community in Downtown Redwood City. The project will quadruple the number of affordable units completed under the city's Downtown Precise Plan to date. The community at Diller Street and El Camino…

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Bisnow (Retail West 9.26) LA 14395
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New REIT To Provide Real Estate Capital To Cannabis Industry

Cannabis cultivators and dispensary owners on the hunt for capital to grow operations and expand their footprints now have another option.

Inception REIT, a recently launched subsidiary of cannabis investment giant Inception Cos., plans to raise capital to provide debt and equity funding to both medical and recreational pot businesses — most of which don't have access to federal banking.  “It's…

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Bisnow (MATCHl) run in all marketing til 9.30.18 PO 14395
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The New World Of Build-To-Rent: Why Amenity, Brand And Community Matter So Much

In the brave new world of build-to-rent three things will matter: amenity, brand and community.

The new ABCs will be the battle ground as BTR operators scrap for market share with each other, and with existing private landlords.

In the second part of Bisnow's in-depth analysis of the U.K. build-to-rent sector, we ask: can developers deliver what people want; who will be the winners; and who the losers?

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Lockwood Development Partners Aiming To Snag Anbang Hotel Portfolio

Who is going to get Anbang's 15-hotel portfolio? The lead suitor for the properties seems to be a group led by New York-based Lockwood Development Partners, which owns and develops hotel properties.

"We're first at the table," Lockwood Manager Charles Everhardt, who is head of acquisitions and development for the company, told Bisnow. "This isn't a typical transaction, because we aren't buying from a typical seller. Anbang was taken over by the Chinese government, which changes the complexion of the deal."

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San Francisco 09.20.2018
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Send Bay Area CRE news to julie.littman@bisnow.com.