Globest Sectors

Established by Congress in the Tax Cuts and Jobs Act of 2017, Opportunity Zone legislation is a community development program to encourage long-term investments in low-income US communities.

EnTrust says it locked-in a long-term lease at a 27% reduction in rent on a per square foot basis and negotiated a gross free rent abatement period.

"Most of the value-add product still has a demonstrable gap to the newer product, allowing for these opportunities to invest in improvements,” says CBRE's Ted Abramson.

A panel discussion seeking solutions on affordable housing with public-private partnerships and community input anticipates greater tenant activism with the new State Senate.

In an open letter to Brookdale Senior Living shareholders, Litt states that Land & Buildings, along with a leading real estate investment banking team and an attorney at a “highly regarded” REIT law firm, held a session on Nov. 28 with members of the Brookdale Board of Directors that focused on the creation of a REIT that would include Brookdale Senior Living's high-quality properties.

Colliers economist Andrew Nelson says the economy is strong now but is likely to start slowing in 2019 and more intensely in 2020, as the Fed attempts a soft landing.

In the Central Business District, there is a strong flight to quality as office tenants continue to seek high-quality buildings that offer flexible design, functionality, efficient floorplates and upscale amenities.

Taconic Investment Partners and TH Real Estate acquired the office and retail building adjacent to Hudson Yards.