Gelena Skya, founder of Skya Ventures and 1317 North New Hampshire Avenue (Credit: Google Maps) A boutique real estate firm is planning a 92-unit apartment building in East Hollywood with affordable housing. Skya Ventures filed plans this week to build the seven-story project at 1317 N. New Hampshire Avenue, near Barnsdall Art Park and Hollywood […]
When it comes to Opportunity Zone sites, investors say buy now, plan later
A map of opportunity zones (Credit: Enterprise Community Partners and iStock) The rush to buy Opportunity Zones sites has already begun, but then what? Investors have started buying up properties and vacant land in designated Opportunity Zones sites around the country, even though some have no set plan about what they will build, according to […]
Opportunity Zone program has loads of potential but is not a cure-all: panel
From left to right: Toby Moskovits, Steven Adler, Seth Pinsky, Ben Miller, Bob Knakal, and moderator Maury Golbert The burgeoning Opportunity Zone program could be one of the best development initiatives the country has ever seen, but investors and developers still shouldn’t expect it to turn every deal into a winner, top real estate executives […]
Starwood’s CEO hates the Opportunity Zone program. Guess whose company just launched an OZ fund?
Barry Sternlicht (Credit: Getty Images) Barry Sternlicht, the CEO of Starwood Capital Group, has been pretty public about his dislike of the Opportunity Zones program. But Miami Beach-based Starwood, which has 58 properties located in Opportunity Zones, has announced plans to raise $500 million for an Opportunity Fund to invest in low income areas designated […]
Moving on: Anthony Scaramucci taps new partner for $3B Opportunity Zone fund
Anthony Scaramucci (Credit: Getty Images) Well that was fast. Anthony Scaramucci’s SkyBridge Capital has found a new partner for its $3 billion Opportunity Zone fund, less than two weeks after ending its venture with EJF Capital. The Mooch’s hedge fund is bringing on Westport Capital Partners, an investment management company with offices in Connecticut, California, […]