A landmark project in Journal Square is especially meaningful for Gene Paolino, a senior partner with Genova Burns who spent nearly 20 years guiding the development. He’s also a Jersey City native, meaning he’s been personally invested in the city’s growth during a legal career that spans more than four decades.
Into the future
There are plenty of parallels between the decline of the suburban office building and that of the legacy shopping mall, but the latter feels much more personal. I’m sure many of you would agree, especially in New Jersey, so you’ll find no lack of interest in the growing number of developers seeking to reinvent these once-proud retail hubs.
Genova Burns LLC
We represent a full range of developer clients, from emerging firms to some of the largest and most influential developers in the world. Our clients are actively shaping the residential and commercial landscapes of New Jersey’s Gold Coast and beyond, leading transformative projects that define the region’s skyline.
Genova Burns LLC
At Genova Burns LLC, our legal specialists are uniquely positioned to assist clients facing challenges with distressed assets. With deep expertise in commercial real estate, we provide strategic guidance for debt restructuring, negotiate with creditors and offer innovative financial solutions. Leveraging our proficiency in property valuation and portfolio assessment, we offer insightful analyses to maximize asset value. Trust us as your strategic legal partner in navigating the complexities of distressed commercial real estate assets.
How to survive the commercial real estate industry in 2024
All of the industry conferences and panels I’ve attended over the last several months have one thing in common — in each, someone has uttered the phrase “Survive to ’25” or the Bee Gees variant “Stayin’ alive till ’25,” either seriously or perfunctorily, as nearly everyone in the commercial real estate market knows that 2024 is going to be a rocky year. Why? Each of the players in the venerable trifecta of tenant, landlord and lender is having problems of their own.
