Established by Congress in the Tax Cuts and Jobs Act of 2017, Opportunity Zone legislation is a community development program to encourage long-term investments in low-income US communities.
In the Central Business District, there is a strong flight to quality as office tenants continue to seek high-quality buildings that offer flexible design, functionality, efficient floorplates and upscale amenities.
With tech growth still robust and its continued positioning as a top-tier global destination, San Francisco's Union Square has remained resilient as other high-street retail hubs have struggled.
Going with that trend of a preference for multifamily, lenders and investors continue to follow suit as a result, including the HUD financing for Hunter's Cove Apartments.
The International Arrivals Facility is underway at Sea-Tac, with a scheduled opening in the fall of 2020, when the new 450,000-square-foot grand hall will be five times larger than the current facility.
Sacramento is now approaching a critical mass of new, relocating or expanding employers which bodes well for the city's prospects as the market is likely to see further interest from private sector employers.
Heights adaptive reuse project, M.K.T., will provide an infusion of creative office space for which there is growing demand but little available inventory in Houston despite its wider appeal in the country.
Downtown Seattle's taxable retail sales nearly match the retail earnings of the entire city of Tacoma, as retailers find added opportunities to capture holiday shoppers, according to a Numerator survey.