Don't see images? Click Here SUBSCRIBE FOR FREE MANAGE EMAIL PREFERENCES
Bisnow - (Almost) Never Boring
May 29, 2019

The New Regulations Have Kick-Started
More OZ Investing In Fort Lauderdale
Venue announced! Fort Lauderdale OZs to be hosted at Sistrunk Market & Brewery June 20

When the Treasury Department released its most recent guidance on opportunity zones in April, investors were relieved: The rules left a lot of leeway for taking advantage of the program's tax breaks. In Fort Lauderdale, that's been translating into deals this spring. 

The New Regulations Have Kick-Started More OZ Investing In Fort Lauderdale

The rest of the year should be busy as well, because program rules require people who harvested gains from hedge funds and partnerships in 2018 to reinvest them in opportunity zones by the end of June. And to reap the maximum benefit from the program — a 15% reduction on…

Read the full story here.

  Share:  
 
Perforation

Top Stories on Bisnow.com
Sears Emerges From Bankruptcy With New, Much Smaller Stores Sears Emerges From Bankruptcy With New, Much Smaller Stores
Bath & Body Works Defies Closure Trend, Opening New Stores And Renovating Others Bath & Body Works Defies Closure Trend, Opening New Stores And Renovating Others
Trade War Already Having Major Ripple Effects As China Readies More Retaliation Trade War Already Having Major Ripple Effects As China Readies More Retaliation
Retailers Turn In Mixed Q1 Results, Say Woes Aren't Caused By Tariffs Retailers Turn In Mixed Q1 Results, Say Woes Aren't Caused By Tariffs
Perforation

Will A Walmart Be Allowed On Rare Habitat In Miami?

Will A Walmart Be Allowed On Rare Habitat In Miami?  

For years, private citizens have been battling developers, the government and the University of Miami over a rare ecosystem. “Pine rocklands,” a habitat characterized by a limestone ridge and often covered with pine tree species and saw palmetto plants, once made up much of South Florida. Now, less than 2% of the…

Read Full Story
  Share:  
Perforation

Could Miami Beach's Free Electric Cars Solve Cities' Transit Problems?
Could Miami Beach's Free Electric Cars Solve Cities' Transit Problems?  

On Friday, the city of Miami Beach will launch a partnership with Freebee for free, on-demand, door-to-door transportation to certain areas. Freebee's fleets of fully electric cars have been popular in Miami-area neighborhoods as solutions to transit woes.  Freebee was started by two University of Miami graduates in 2011, at…

Read Full Story
  Share:  
Perforation

In Case You Missed It...
Which Miami Neighborhood Will Heat Up Next? Which Miami Neighborhood Will Heat Up Next?
NASA Planning Test Flights For Drone-Powered Cities NASA Planning Test Flights For Drone-Powered Cities
Only Florida Taxes Commercial Leases. NAIOP Wants To End That. Only Florida Taxes Commercial Leases. NAIOP Wants To End That.
Inspired By Hurricane Maria, Miami Architect Working To Design Drone-Powered Hospitals Inspired By Hurricane Maria, Miami Architect Working To Design Drone-Powered Hospitals
 
Perforation

Lenders Don't Care If Your Project Is In An Opportunity Zone
 

Opportunity zones have generated nationwide excitement since they were introduced, but a maxim has been repeated ad nauseum to temper that enthusiasm: An opportunity zone doesn't turn a bad deal into a good one.

While the capital gains tax benefits only apply to equity investments, a real estate deal done without debt is a rarity. For commercial real estate lenders, the maxim holds true — opportunity zones don't change the fundamentals of a deal.

“We look at how much equity is going into a deal, if the deal makes sense and if we like the area, then we do the deal [or not]," Capital One Senior Vice President Sadhvi Subramanian said. "From the CRE side of it, if it’s in an opportunity zone or not doesn’t have an impact on how I’m going to finance the deal at all.” 

Read the full story here.
Perforation

As Boston Nears Affordability 'Breaking Point,' Leaders Struggle To Turn Pledges Into Units

BOSTON — Years of talk about building affordable housing in Boston hasn't led to much actual production of apartments. While state and local officials are moving toward legislation designed to kick-start more building, experts warn more inaction could jeopardize Boston's standing as one of the country's bastions of economic growth. 

Read the full story here.

  
 
 
About
    
Contact
    
Sponsor
 
You are receiving this email because you are either a member of the Bisnow community, have attended a Bisnow event, because you have a legitimate interest in real estate news and events because of your profession, or because of your business associations, memberships or partnerships.
 
This email was sent to: newsletter.archives@bisnow.com
 
Unsubscribe from this
    
Unsubscribe from All
 
123 William St, Suite 1505, New York NY 10038
Newsletter Approval Code: 29412