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The new air cargo facility announced yesterday will involve an initial investment of $70 million by JFK Air Cargo LLC and will bring $152 million in rentals during the term of the agreement.
The real estate development firm and the non-profit economic revitalization organization worked together on this $26 million large-scale housing and retail property project.
The Trump administration has signaled it wants to review a potential downfall in opportunity zones — gentrification. But whether the government's initiative would work depends on whom you ask.
The Federal Reserve has signalled it will be pursuing a dovish monetary policy for the time being. This should be good news for REITs, but don't be surprised if many view the development as merely a blip on a longer-term horizon.