Still, the price spikes in these areas indicate the ongoing potential for the economic revival that underpins the opportunity zone tax breaks.

TS Communities has partnered with Arker Companies to acquire and develop 10 of the 11 available sites at Edgemere Commons, a 2,050-unit affordable housing development in the Far Rockaways.

Medical technology company BD Bioscience has signed a 220,000-square-foot lease at Torrey View by Breakthrough, a 10-acre life science development in San Diego.

Risk tolerance is growing among office investors, driving improved liquidity for value-add assets.