Opportunity Zones have been a hot topic among both community leaders and investors. However, with all of the discussion they are creating, not much is known about them, and the long-term benefits have yet to be determined. Opportunity Zones were set up less than a year ago. Quietly tucked into the Tax Cuts and Jobs Act of 2017, these areas …

Investors pumped $2.6 billion more into properties covered by the federal Opportunity Zone tax incentive initiative — an 8 percent increase from the same time last year — even before the Treasury Department released guidelines on the program. Almost 40,000 properties in the nation’s more than 8,760 zones have sold this year, according to CoStar data. More than 51,400 properties …

Another global brand is coming on the way to Huntsville. Facebook has unveiled plans to build a 970,000-square-foot data center in Huntsville. It’s a $750 million project that will create 100 jobs. The facility, which will be in North Huntsville Industrial Park, is expected to open in 2020. Local officials previously approved the purchase of 340 acres in the park …

On Tuesday at Airbus’ Mobile facility, high-ranking executives of Airbus and Bombardier gave the first detailed briefing on their plans for a production ramp-up that would bring the C Series to Alabama. For that to happen, though, antitrust regulators must give their approval for Canada-based Bombardier to produce the aircraft in Alabama. “As soon as we get that done, we’re going to break ground …

WASHINGTON, DC—Amid a general rise in residential construction activity last month, multifamily starts posted especially strong gains, according to federal data released Friday. Apartment starts were up 23.7% in January from the previous month to a seasonally adjusted annual rate of 449,000 units, while single-family starts were up 3.7%. Overall, housing starts rose 9.7% from December to an SAAR of …