Globest Sectors

The CEO's investment on Dec. 10 was made in multiple trades at prices ranging from $8.58 a share to $8.60 a share.

The net lease REIT is acquiring a portfolio of more than 100 retail properties.

With a 180-day window to invest in an opportunity zone fund before triggering a gain, timing is everything.

Seattle and Bellevue are experiencing sub-6% vacancy rates, along with falling and record lease rates, while the average cost of space in the Southend market is 39% to 43% below Eastside and Seattle full-service rents.

Los Angeles still needs 100,000 units in the next five years, and the majority of new construction is concentrated downtown.

GraceKennedy Foods will occupy 124,888 square feet of the under-construction warehouse when it is complete in early 2019.

"We were able to secure a short-term loan that enabled PAG to acquire Loyal Plaza and provide them with the necessary time and funds that will be required to unlock the value of this shopping center,” Klein says.

Unlike other economic development programs, the incentive is not limited to real estate investments, rather businesses that intend to deploy capital and operate in Opportunity Zones can benefit from this incentive.