Murphy Schiller & Wilkes LLP has announced the addition of three attorneys to its growing commercial real estate practice.
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.
Panel: Newark remains a land of opportunity for housing, business — despite long-term hurdles
Optimism is nothing new in Newark, with its rich transportation network, cultural institutions and key anchors in business, health care and academia. But the city still struggles with poverty, education challenges and other barriers that have kept it from blossoming alongside places such as Jersey City, Hoboken and other urban markets, despite billions of dollars in new investment. Panelists said as much last week during Real Estate NJ’s Newark Redevelopment Update, as they debated those challenges and how to unlock the city’s long-held potential.
Join us June 7 for The Newark Redevelopment Update
Despite billions of dollars in new investment, Newark still trails the likes of Jersey City, Hoboken, Harlem and Brooklyn Heights, which have been transformed by redevelopment and an influx of new residents. When will it finally happen? What still needs to be done?
Hear from the developers and insiders behind the city’s most important commercial real estate projects, as they tackle those questions and more in this must-attend event.
