Vermont Apartments in Oakland, California, Sells
The Vermont Apartments in the Grand Lake District of Oakland, California, has sold to a real estate investment firm. Veritas Investment purchased 888 Vermont St. from Estopinal Family Partners for $14 million, or about $365 per square foot, in [...]
City of Oakland Releases Opportunity Zone Prospectus
On June 11, 2019, the City of Oakland released an Opportunity Zone prospectus. The 37-page document is intended to describe Oakland’s goals for the federal tax incentive program, highlight the city’s eligible neighborhoods and promote [...]
Blackstone Group, the world’s largest real estate owner, is converting to a corporation
The company said the change from a partnership will be effective on July 1. The conversion to a C-corp comes after the tax law changes lowered the highest corporate rate to 21 percent from 35 [...]
Treasury Issues Rules on Tax Breaks for Opportunity Zones
WASHINGTON — The Trump administration released regulations on Wednesday that could help venture capitalists, Native American tribes and entrepreneurs benefit from a new tax incentive meant to encourage investment in struggling communities. Backers of that [...]
What will happen to Oracle Arena when the Warriors leave for San Francisco?
When the Golden State Warriors leave Oakland for San Francisco at the end of this season, Oracle Arena's lights won't go off forever. Although the Warriors will be gone, Oracle will continue to host concerts, [...]
Credit Karma will expand to downtown Oakland, keep HQ in SF
OAKLAND — Credit Karma will expand its Bay Area operations to a big downtown Oakland office tower, the tech company said Wednesday, in a deal that represents a fresh burst of economic expansion for the [...]
Coliseum Connections Residential Project Complete In East Oakland
From Coliseum Transit Village To Coliseum Connections Oakland Coliseum Transit Village, as it was originally called, now Coliseum Connections transit-oriented development provides homes to 110 families, including 55 units designated as affordable for those making [...]
Oakland hotel project will have two Marriott brands
OAKLAND — A big hotel project in downtown Oakland hotel that’s being led by real estate veteran Lew Wolff will feature two Marriott brands in a single hotel and capitalize on an opportunity zone program [...]
$32M ACORE Loan Funds Oakland Opportunity Zone Project
A $32.5 million loan from ACORE Capital will help the site of a former gas station in Oakland, Calif. become a trendy hotel that’s a notable early example of development under the federal tax-advantage program, Commercial Observer [...]
500 years: That’s how long it could take some Bay Area cities to meet housing goals
Housing construction in California is lagging so badly, it would take some towns and cities centuries at their current construction pace to meet state goals to build homes for low- and middle-income families, according to [...]