Cheaper by the dozens: N.J. Legislature considers bill proposing unlimited restricted liquor licenses for annual fee

The New Jersey Legislature is considering a bipartisan bill (S355/A3710) that establishes a restricted beer, wine and cider license that would allow restaurants, for a small annual fee, to sell certain alcoholic beverages to their patrons. In an effort to counteract the diminution in value of already-owned liquor licenses, the proposed bill provides tax credit under corporate business tax and gross income tax for loss in value to certain alcoholic beverage licenses. Despite this tax credit, there is sure to be a significant decrease in the value of already-owned liquor licenses. This loss in value is likely to in turn diminish the value of the properties underlying those licenses.

Defending against the rise of cyberattacks in real estate

The real estate industry has become a growing target for cyberattacks. Real estate transactions require valuable and sensitive information, including personal and financial details for buyers, sellers and real estate organizations.

Albanese closes $70 million land deal in Jersey City, eyes 670-unit apartment tower

A developer has acquired nearly two acres in Jersey City with plans to build 670 luxury apartments on the property, in a recently completed deal by Grid Real Estate.

Thought leaders in electric and autonomous vehicles consider New Jersey’s mobility future

Every day brings news about the market growth of electric vehicles. But before the conversion to fully electric, self-driving vehicles comes to fruition, New Jersey must provide the infrastructure for this coming transportation revolution to thrive.

Genova Burns LLC

AT A GLANCE 494 Broad Street Newark, NJ 07102 www.genovaburns.com Year founded: 1989 Number of attorneys: 70 Number of attorneys involved in commercial real estate in New Jersey: 14 Areas of expertise in real estate: Commercial Real Estate and Redevelopment,…

Genova Burns real estate, bankruptcy attorneys earn promotions

Genova Burns LLC has announced the promotion of two attorneys, including a member of its commercial real estate team.

NRBP set to host two-day real estate forum with virtual, in-person program

Business and commercial real estate leaders in Newark are set to gather next week for a popular event that showcases the city’s growing construction and economic development pipeline.

Autonomous vehicles will bring big changes to New Jersey real estate

As far back as 1957, advertisements in the nation’s leading magazines promised that, “one day, your car may speed along an electric super-highway, its speed and steering automatically controlled by electronic devices embedded in the road.” In the 64 years since then, there has been tremendous technological progress that makes this vision on the brink of becoming reality.

Genova Burns adds new associates in real estate, employment law groups

Genova Burns LLC has named a new associate in its real estate practice group, in one of two newly announced hires for the Newark-based law firm.

United Way honors Gateway team, JLL’s Greiner at annual fundraiser

The state’s commercial real estate sector renewed its support of the United Way of Northern New Jersey, raising more than $250,000 in a program that showcased plans to transform Newark’s flagship office complex, while recognizing a top broker with JLL.