Recent Posts
Blog Post
10/03/2019
By Ronald R. Fieldstone

On September 27, 2019, Francis Suarez, the Mayor of Miami, sponsored an OZ Expo conference for the City of Miami.  Prior to the conference, one of our clients hosted a lunch for the dignitaries who attended the conference that included Secretary of HUD Dr.

Blog Post
05/16/2019
By Ronald R. Fieldstone

IIUSA hosted a very targeted annual conference in Washington, D.C., to discuss the status of the EB-5 industry and focused on various specific matters of interest to the group.

The major takeaway from the meeting was a speech by Charles Oppenheim, Chief Analyst for USCIS, who provided overall information related to retrogression in various countries, the visa backlog, the utilization of the program among the major countries and the rest of the world as well as the panelists’ general comments related thereto.  In a nutshell, this report can be summarized as follows:

Blog Post
05/14/2019
By Ronald R. Fieldstone

Five attorneys of the Saul Ewing Arnstein & Lehr LLP firm attended the annual OZ Expo Conference in Las Vegas.  The conference was very well attended with an estimate of 1,400 participants and further solidifying that the OZ Expo team is best in class with its reach and expertise in this space.  The two-day event had an extremely diversified agenda that addressed many of the issues currently faced in the industry.  Takeaways from the meeting can be summarized as follow

Blog Post
04/17/2019
By David G. Shapiro and Ronald R. Fieldstone and Stanley J. Kull and Rohit Kapuria

The Treasury Department has just released the second round of proposed regulations on opportunity zones. This 169-page regulatory package addresses some of the questions raised after the first round of regulations, and may make it easier for operating businesses to qualify as eligible opportunity zone investments.

Blog Post
04/12/2019
By Ronald R. Fieldstone

The OZ industry is experiencing some degree of frustration due to the delay in the updated proposed regulations being issued by the Treasury Department.  It is believed that the new draft proposed regulations have already been prepared and sent to OMB for comment and approval before being released.  We understand that OMB takes up to thirty (30) days to complete that process and may have already provided further comments to the Treasury Department in which case the process will continue until the proposed regulations are finalized.  Some professionals have indicated that the

Blog Post
03/13/2019
By Ronald R. Fieldstone

Recent Proposed Regulations

Blog Post
03/04/2019
By Ronald R. Fieldstone

Current Press

Blog Post
02/25/2019
By Ronald R. Fieldstone

The Opportunity Zone industry is getting substantial attention, as noted by the enclosed article published by the New York Times related to "Wall Street, Seeking big tax Breaks, Sets Sights on Distressed Main Streets."  Obviously, OZs are receiving mixed attention given the fact that a significant amount of OZ transactions will take place in regentrified areas that are highly desirable and not necessarily distressed. 

Blog Post
02/11/2019
By Ronald R. Fieldstone and David G. Shapiro

Saul Ewing Arnstein & Lehr LLP attorneys Ronald Fieldstone, Rohit Kapuria, Jay Rosen and Roger Bernstein attended the Opportunity Zone Expo Conference in Los Angeles on January 25, 2019.  Much to their surprise, the attendance was over 1,000 people, which may be a record from an OZ attendance standpoint.

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