The COVID-19 pandemic has threatened to stall many development projects nationwide, including those under the federal Opportunity Zone program, but experts say those investments could gain new momentum after a series of recent steps by regulators.
Meridian: Buyer wanted for new Opportunity Zone rental building in Hackensack
A newly built, 88-unit apartment building has hit the market for sale in downtown Hackensack, where brokers are touting several key tax benefits for a would-be buyer.
EDA opens application period for Opportunity Zone grant program
The state Economic Development Authority has begun accepting applications for a new grant program seeking to help municipalities and counties draw investors to federally designated Opportunity Zones.
Buyer wanted for two-tower, 594-unit Newark development site, Meridian says
Brokers with Meridian Capital Group are seeking a buyer for a development site in downtown Newark, one that is fully approved for nearly 600 high-end apartments across two towers.
C&W: Buyer wanted for 126-unit rental project at historic Hackensack site
An investment group is seeking a buyer for what will become a two-building, 126-unit luxury apartment complex at the site of a historic bank tower in Hackensack.
Developers eye summer groundbreaking for redevelopment of ex-Record site in Hackensack
A joint venture’s plan to redevelop the former home of The Record in Hackensack is moving forward, under a plan that calls for 650 apartments and retail space along the Hackensack River.
Murphy unveils planning grant for Opportunity Zone municipalities
State officials are hoping to spur action by municipalities that are home to Opportunity Zones, unveiling a grant offering to help local leaders strategize for the federal program.
Developer, finance firm eye Opportunity Zone projects in Central Jersey
A developer has teamed with a New York-based finance firm to launch a new Opportunity Zone fund platform, with a focus on mixed-use projects in central New Jersey.
State unveils online navigator, mapping tool for New Jersey Opportunity Zones
State officials have launched a new website and interactive mapping tool aimed at helping local governments, investors and other stakeholders navigate the 169 census tracts in New Jersey that have been designated under the federal Opportunity Zone program.
SLIDESHOW: Rutgers conference on Opportunity Zones draws sold-out crowd
More than 200 industry leaders and influencers turned out recently for a Rutgers Center for Real Estate conference on the new federal Opportunity Zone program.
