Arctaris Impact to invest $20M in S&K Holdings
Arctaris Impact plans to invest $20 million in the home healthcare company, S&K Holdings. OZ program partners Erie Insurance (“ERIE”) and the Richard King Mellon Foundation will coordinate with Arctaris Impact to expand S&K operations in Pittsburgh’s Allegheny County and Altoona’s Blair County.
Urban Catalyst gets approval for student housing tower in California
Urban Catalyst has received the final approval for a 200 apartment units tower called The Mark in San Jose, California Opportunity Zone, near San Jose State University. It is expected to house more than 850 students.
CEDARst, Bridge Investment Group to jointly invest in OZ projects
CEDARst and Bridge Investment Group are jointly investing in several OZ projects across the U.S., including a 226-unit property in Washington, 190-unit in California as well as other projects in San Diego.
Google acquires new property worth nearly $100M in Colorado
Google has acquired a new building for $97.8 million in Boulder, Colorado, which is expected to be an extension of its nearby Pearl Place campus. The size of the four-storied property totals 124,000 square feet.
Origin launches second $300M QOF
Origin Investments is launching its second QOZ fund with a $300M target that will be used for building multifamily developments across the Southwest and Southeast U.S. The real estate manager added that it would accept accredited investors until Dec. 31, 2023, or when they reach their $300M fund target.
Redivider adds crypto mining industry experts to advisory team
Investment fund Redivider has added new advisors to its team that will guide the firm on how to invest in QOZB that provide processing leases and hosting facilities to the crypto mining industry.
California OZ to get new indoor mini-golf restaurant bar place
San Jose OZ, Urban Catalyst, has announced that the indoor mini golf/restaurant/bar place, Urban Putt, will soon be in the Paseo development.
MSP Communications acquires new office building in Minneapolis
MSP Communications has acquired a 50,000-plus square foot building in St. Paul, Minneapolis, that will serve as a hybrid workspace for employees of its various companies that operate under the firm.
New York-based firms Tocqueville, CapZone to jointly launch OZ strategies
Wealth management firm Tocqueville Asset Management is partnering with CapZone Impact Investments to jointly launch OZ fund strategies that would incorporate ESG rules. Both firms have their headquarters in New York.
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