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Boston Capital closes $84m California Tax Credit Fund

by Released | Apr 16, 2020

Boston Capital announced the closing of The California Corporate Tax Credit Fund IX, a portfolio of six affordable apartment properties for families in California, with a fund size of $84 million.
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OZC seeks investors for U.S. qualified opportunity zone fund

by Kali Persall | Apr 15, 2020

Opp Zone Capital (OZC), a Delaware limited liability company, is seeking investors for its new qualified opportunity fund, targeting mixed-use, multifamily, self-storage and hotel development assets in the Southeast and Southwest United States.
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Hines partnership adds land for Walter Reed redevelopment

by Released | Apr 15, 2020

Hines, Urban Atlantic, and Triden Development Group along with joint venture partner, Bridge Investment Group, have closed on one-and-a-half acres at The Parks at Walter Reed to develop The Hartley, a 323-unit luxury, multifamily property, anchored by natural and organic grocer Whole Foods Market.
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Las Vegas named metro with the most employment at risk

by Andrea Zander | Apr 14, 2020

The most job losses will be concentrated in the lodging and hospitality, retail trade, mining, logging, and construction sectors; however, the impacts will vary by metro, reported Yardi Matrix, with tourism-focused markets among those at greatest risk.
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Multifamily market rebound expected to begin in Q4 2020

by Andrea Zander | Apr 13, 2020

CBRE Econometric Advisors (CBRE EA) projects multifamily fundamentals will take a sharp downturn before a rebound beginning in the fourth quarter 2020 for vacancy and first quarter 2021 for rents.
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South Korean investor buys Chicago residential tower

by Andrea Zander | Apr 10, 2020

A joint venture among Strategic Properties of North America, Integrated Capital Management and South Korean investment firm Mirae Asset Daewoo has acquired a rental tower north of downtown Chicago.
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