opportunity zone

North Wells Capital acquires multifamily property in Chicago Opportunity Zone

North Wells Capital, LLC, the investment management affiliate of Chicago-based Urban Innovations, Ltd., has acquired 6943 S. Cornell, a 43-unit multifamily rental property in Chicago's…

MissouriFinance

NES Financial making an impact with St. Louis Opportunity Zone

NES Financial has signed a contract to provide its fund administration suite for Gateway Opportunity Funds' first fund, a St. Louis-based Qualified Opportunity Fund that…

Ryan Companies to develop 400,000 SF spec industrial property in Pullman

Ryan Companies US Inc. will develop and build a 400,000-square-foot speculative industrial project in Chicago's historic Pullman community. The new project is part of the…

Financing for the South Side’s rebirth may come from Opportunity Zones

Chicago's South Side is a complex and diverse region. It's reputation as a wholly impoverished area is unearned, as pockets of blue collar, middle class…

Unlocking Opportunity Zone deals in Illinois

Opportunity Zones have become a major talking point in the commercial real estate industry ever since Congress passed the 2017 Tax Cuts and Jobs Act.…

Forecasting three corners of commercial real estate for 2019

All throughout 2018, the real estate market was once again buoyed by a virile U.S. economy. There may new challenges in 2019 in the forms…

MidwestLegal

The legal loopholes of Opportunity Zones

Last year's introduction of Opportunity Zones provides the potential to lift up impoverished areas while simultaneously giving tax benefits to investors. The finer points of…

Origin Investments’ new opportunity zone fund attracts $105M in 17 hours

Chicago-based private equity real estate firm Origin Investments launched a Qualified Opportunity Zone (QOZ) fund on Nov. 14 and amassed $105 million in commitments from…

Matt Reilein joins Cresset to lead opportunity zone efforts

The Cresset-Diversified QOZ Fund and Cresset Partners announced today that Matt Reilein will join both the fund and the Cresset team. Reilein has a deep…