Northeast

On Aug. 4, the Treasury Department, and Internal Revenue Service (IRS) surgically nipped and tucked the regulations governing qualified opportunity zone funds (QOFs) which, while precise and limited to two specific sections, arguably results in a complete face lift to the way QOFs must operate.

The firm purchased a luxury, five-building apartment community in Princeton, NJ, which spans 217,259 square feet.

At leaves five justices have questioned the constitutionality of the previous extension.

However, the rapid rent growth the sector has experienced this summer may be waning

Meanwhile listing rates have increased nationally, reaching $38.62 per square foot in July

It's the first time New York has been ahead of San Francisco since Zumper started tracking rental data in 2014.