President-elect Joe Biden and his team contend that the Opportunity Zone program has fallen short of its promise of bolstering communities of color, small businesses and homeowners in these zones.
A joint venture between Stockbridge and the National Pension Service of Korea has purchased a massive 14.3-million-sq.-ft. portfolio of industrial assets in a $2 billion deal, reports the Los Angeles Times. The pandemic is putting major strain on property management companies, according to Bisnow. These are among today’s must reads from around the commercial real estate industry.
