As your partner in all commercial real estate transactions within New Jersey and all 50 states, our team of professionals offer the best-in-class services in title, escrow, closing and post-closing, electronic document delivery and recording, tax-deferred property exchanges, UCC insurance and more. We deliver peace of mind while building lifelong relationships.
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Town Title Agency
In addition to some 125 monthly residential purchase and refinance closings, Town Title Agency insures many notable commercial transactions across a wide array of industries, with particular expertise in health care, retail net-lease, logistics company and car dealership properties. Town Title has also had the privilege of insuring some of the largest transactions in New Jersey and New York, which speaks loudly to the trust and confidence that our clients have in our agency.
Building up: The future of warehouse design in urban markets
The ever-growing demand and need for prompt fulfilment is forcing businesses and developers to react to the market with more warehouse space that is closer to the consumer. When development footprint in the middle of major U.S. cities is high in price and in low supply, you must build up, not out — this has been the answer in the commercial and residential markets for decades.
No summer slowdown for CRE, but a time to reflect, recharge and reset before a busy fall
While there is a sense of uncertainty in the market due to rising interest rates and the fear of a possible recession on the horizon, we have not seen a slowdown in deal activity; however, for the first time in years, it does appear that clients and others in the industry are taking a minute to breathe to get a better sense of necessary market adjustments. Since the onset of COVID, we have not had a normal summer in that the last two years have been nonstop deal flow year-round. This year, for the first time in a long time, we are seeing clients take a week or two to go on vacation and enjoy time with family. This is completely normal, and quite frankly, much needed.
Interest expense is going up. Your taxes might be too.
The rising interest rates will directly affect real estate businesses operating across all asset classes. The ability to deduct interest expense for tax purposes has helped to alleviate some of the tax burden for business owners. However, the Tax Cuts and Jobs Act of 2017 (“TCJA”) imposed limitations on the deductibility of interest expense for certain taxpayers. For tax years beginning on or after January 1, 2022, some of the adjustments that increased the allowable deduction of interest expense for certain taxpayers have sunset. Accordingly, the sun-setting of these provisions may result in significant increases in taxable income for leveraged businesses subject to these rules. Understanding how the changes to the rules may impact your business now will enable you to properly manage your business’s cash flow and avoid any tax surprises next April.
Greenbaum, Rowe, Smith & Davis LLP
Greenbaum, Rowe, Smith & Davis LLP represents local, regional and national clients active in the New Jersey market, including developers, REITS, private equity investors, property owners, lenders and governmental entities. We provide strategic counseling and litigation support related to the acquisition, development, financing, leasing, operation and disposition of multifamily, mixed-use, commercial and industrial real estate.
Murphy Schiller & Wilkes LLP
MSW represents a wide range of clients, including major national and international developers, national and local lending institutions, institutional investors, family offices, landlord and tenants and other owners and developers of real property. Our boutique nature and multidisciplinary model has allowed the firm to represent a diverse array of clientele, from the largest real estate development and private equity firms in the country to smaller family offices based in New Jersey.
