The Real Deal - New York Real Estate News

Ed Sheeran builds a village, Notre Dame restoration halted: Global property

Posted: 11 Aug 2019 01:00 PM PDT

Every week, The Real Deal rounds up the biggest real estate news from around the globe. United Kingdom Political upheaval is just no good for business — at least not for Savills. The U.K.’s largest publicly traded real estate broker is taking a financial hit amid uncertainty over Brexit and massive street protests in Hong Kong. Its profits plunged to £9.9 million ($12 million) in the first half of the year, down 50 percent from […]

Here’s everything you need to know about Opportunity Zones

Posted: 11 Aug 2019 11:00 AM PDT

1. What is the Opportunity Zones program and where does it target? Enacted late last year as part of the federal tax overhaul, the Opportunity Zones program provides tax incentives to developers who invest in historically distressed neighborhoods throughout the U.S. There are 8,700 communities that have been designated as Opportunity Zones. In New York City, there are 306; Los Angeles County has 274; Chicago Cook County, 181; and Miami-Dade County has 67. Created by […]