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On April 9, the Pennsylvania Superior Court held that a commercial landlord was entitled to recover certain portions of unpaid additional rent under a lease agreement but limited the landlord's recovery based on the statute of limitations.
The EDEN Crystal Lake project in Port Orange, which a spokesman for the development team told Globest.com is valued at approximately $47 million, is expected to break ground in June.
While HUD estimates that opportunity zones could spur as much as $100 billion a year in investments, evidence suggests this is far from being realized, so new rules seek to clear up the confusion that was holding investors back.
JAKO leased the property to accommodate expansion. Since opening its first location in Philadelphia, the firm has expanded to more than 50 locations on the east coast.