Portion of Irvine Business Complex Receives Federal Opportunity Zone Status

HomeNewsletter Feed Newsletter FeedReal Estate Portion of Irvine Business Complex Receives Federal Opportunity Zone Status The designated areas are near John Wayne Airport By Joseph Pimentel November 10, 2026 34 Skyline of the Irvine Business Complex. The U.S. Department of the Treasury has designated a portion of the Irvine Business Complex near John Wayne Airport as a so-called “Opportunity Zone,” which could attract new real estate investments, business expansion and housing development through tax incentives. The Opportunity Zone covers a large square area from Main Street to Barranca Parkway and between Red Hill Avenue and Jamboree. Created in 2017, the Opportunity Zones program is a federal effort to encourage long-term investment in low-income and economically distressed areas. Investors can receive tax breaks, such as capital gains tax deferrals and exclusions, by investing in qualifying businesses or real estate projects for at least five to ten years.

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