Adam R. Sanders, a member of the law firm Rosenberg & Estis, P.C., in an EXCLUSIVE Globest.com article says it most likely won't be Amazon but developers in nearby neighborhoods who will benefit from the Opportunity Zone program.

Despite rising interest rates, tightening credit and lingering uncertainty over the geopolitical climate, many commercial real estate experts remain bullish on the market going into the new year.

Because of Blackstone 360's commitment, other investors are now happy to walk with East Orange on new developments, says Daniel Jennings, the city's director of planning and development.

Sora Apartments, a 250-unit multifamily asset, recently sold for $91.5 million and its location near the Union City-Fremont border provides residents with access to major employers and transportation.