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Developers should focus less on the benefit from the opportunity zone incentives and more on the overall return from investing in the property, says Jeff Monge, managing partner of Monge Capital.
Investors have been active in Sacramento during the last year because of low vacancy, high demand, lack of new construction and affordable developable land, resulted in a spec development spike.
A SXSW panel pondered, in an age where medical diagnoses can be accessed on an app and vital signs monitored on a wristwatch, how can the industry innovate its way out of the affordable housing and homeless crisis?
A refinanced office complex benefits from not only favorable market dynamics but also organic growth from existing tenants such as Google which are drawn to the building's central location and amenities.
Investors have shown strong interest in Federal Way and the surrounding South King County locations, not only driven by the growth of the Seattle core but also Kent Valley, the Port of Seattle and Tacoma.
Redevelopment experts who spoke at the NJ Future Redevelopment Forum say new tools are needed to determine how to prioritize infrastructure investments in cities, towns and regions, so that businesses and jobs can grow.