Victory Home Remodeling moving to Bell Works in 43,000 sq. ft. sublease with Guardian Life

Victory Home Remodeling has taken nearly 43,000 square feet of office space at the Bell Works campus in Holmdel, in a deal arranged by Cushman & Wakefield and JLL.

JLL: Buyer wanted for 38,000 sq. ft. grocery-anchored retail center in Bloomfield

A grocery-anchored shopping center in Bloomfield is on the market for sale, boasting full occupancy and a location that’s adjacent to more than 300 luxury apartments.

Fennelly: Micro-Air, growing manufacturing business, takes 19,000 sq. ft. in Hamilton

A manufacturing business is poised to expand after leasing more than 19,000 square feet of office space in Hamilton, in a newly announced transaction by Fennelly Associates.

A proud moment as NJIT’s Newark Startup Studio graduates 45 minority entrepreneurs

I hope you’ll indulge me this morning as I highlight a proud moment for all of us at Real Estate NJ. It came at this week’s Newark Summit, where New Jersey Institute of Technology President Teik Lim addressed the hundreds that were assembled in downtown Newark.

Perfect timing: The importance of the Aspire Tax Credit Program in a changing commercial real estate market

Now, more than ever, government incentives are needed to fill financing gaps, and the work done over the past three years to get the Aspire program up and running is going to pay off big time for developers trying to get shovels in the ground.

The tax impacts of debt: What owners and investors should know

Leverage is an important instrument for real estate owners and investors. Utilizing leverage appropriately can help enhance returns, build a diversified portfolio, strategically enter the market, and provide tax benefits. As the capital markets have become increasingly challenging, many lenders are requiring guarantees by the mortgagors. The use of a guarantee can drive surprising tax results. This article will concentrate on how mortgage debt affects the tax basis of acquired property, as well as the investment basis of real estate owners and investors in partnerships (note that real property held in different types of entities may yield varied outcomes).

Greater sunshine ahead or an incoming storm? Preparing for corporate transparency act compliance in 2024

For decades, the real estate industry has been particularly adept at using various corporate structures such as limited liability companies, limited partnerships and corporations in order to maximize the numerous liability and privacy protections and tax benefits afforded to such businesses. Commencing Jan. 1, 2024, however, many U.S. businesses will be required to disclose (and update) information with respect to their beneficial ownership to the Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) pursuant to the Corporate Transparency Act (the CTA), giving rise to many privacy and regulatory concerns. 

The CTA will apply to tens of millions of new and existing businesses throughout the country, including many real estate businesses, individual and family investment vehicles, and smaller private companies and joint ventures.

JLL arranges acquisition financing, JV equity for $23.5 million industrial deal in Sayreville

The buyer of an industrial outdoor storage property in Sayreville has secured acquisition financing for the nearly $24 million deal, brokers with JLL announced Thursday.

New operators ink leases to fill ex-Houlihan’s locations in Parsippany, Bridgewater

Two former Houlihan’s restaurants in New Jersey are being revitalized after securing new operators for the spaces, in a set of deals arranged by Jeffery Realty.

Stir fry, salad chain honeygrow plans new location in Toms River, its sixth in New Jersey

Fast-casual restaurant chain honeygrow has announced plans for two additional locations, including a store at a Simon-owned property in Toms River.