As we’ve been reminded over the last two years, industry leaders have long feared that federal tax reform could spell the end of many of the loopholes enjoyed by developers and investors. It became clear last fall that benefits such as the 1031 exchange would live to see another day, but as we came to learn, that was just the beginning of how the commercial real estate sector would stand to gain under President Trump’s tax overhaul.
Current Issue
Go inside the latest monthly issue of Real Estate NJ, the only New Jersey-based magazine dedicated to commercial real estate in the Garden State.
Happy New Year or not? Federal reforms bring a mixed bag
Admittedly, “this (tax reform) legislation represents an important victory for NAIOP members and the commercial real estate industry. The first major tax reform in more than three decades, the Act recognizes the important contribution that commercial real estate is making to the economy by supporting pro-growth initiatives and acknowledging the long-term nature of commercial real estate investment.”
With a deep bench, SJP is seizing new opportunities as a third-party developer and partner
With an in-house, full-service construction team — an asset that is increasingly rare among developers — SJP Properties is being both aggressive and creative in keeping its pipeline full in New Jersey. That means everything from third-party development work to joint ventures and acquisitions that could pave the way for new projects.
2018 REAL ESTATE MARKET FORECAST
With the state’s unemployment rate below 5.0 percent, employee recruitment and retention will remain top priorities for office occupiers in the coming year. Rather than remaining in outdated, inefficient workspaces, a growing chorus of companies will pursue relocations to upgraded, amenity-filled office buildings to aid in these efforts.
Editor’s note: Looking to the future
Real estate is in transition in virtually every other market across the country. But there are forces at play that are distinct to New Jersey or at least especially pronounced here, from e-commerce and the apartment boom to the need to reinvent the suburban office park. And we’ve sought to highlight those trends every day and every month, while explaining how those forces impact pricing, public policy and technology. You can expect nothing less in our January issue and in our special Market Forecast section, which features thoughtful, well-informed predictions from some of the top developers, professionals and other experts in the field.
Local leaders hold the key to our futures
While many New Jersey residents and business owners are rightfully concerned about the potential adverse impacts from federal tax reform measures at the same time as increases to state taxes are being discussed by Gov.-elect Phil Murphy and our Legislature, let’s not overlook the possible ways that local mayors can help to ameliorate this situation.
