Sponsored Content
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.

Events
VIDEO: The Newark Redevelopment Update

Watch the full presentation from our June 7 seminar, where the developers and insiders behind Newark’s most important commercial real estate projects debated the long-held opportunities and challenges in New Jersey’s largest city.

Event Coverage
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.

Government & Public Policy
‘Indistinguishable from rent control:’ Critics expect legal challenge to Newark law penalizing landlords, warn of development slowdown

The state’s commercial real estate industry is pushing back on a new ordinance in Newark that aims to limit rent increases at new, non-rent-controlled apartment buildings, arguing it will stifle development and the creation of affordable housing — while openly doubting its legality.

Residential & Mixed Use
J&L debuts 403-unit luxury apartment building in Newark’s Ironbound section

J&L Cos. is opening the doors to a highly anticipated, 403-unit apartment building in Newark’s historic Ironbound section.

Events
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.

Residential & Mixed Use
Iron Ore, AMJ unveil 120-unit luxury rental project at Plainfield’s Netherwood Station

Iron Ore Properties has taken the wraps off a new 120-unit apartment building in Plainfield, where residents are steps from both NJ Transit rail service and one of the city’s largest parks.

Residential & Mixed Use
Redevelopment of Parsippany office park comes with multilayered approach to sustainability

The transformation of a suburban office park in Parsippany — one of New Jersey’s most closely watched redevelopment projects — comes with a heavy focus on sustainability, including a plan to seek certification with the U.S. Green Building Council for the entire 45-acre community.

Residential & Mixed Use
Accurate’s pipeline is surging, with an aggressive (but long-term) approach to development

Accurate has been prolific in building and lining up new multifamily development projects across New Jersey, having completed some 1,000 residential units since 2021 alone. It now has construction underway, approvals in place or sites under control to build another roughly 6,400 apartments and townhomes, including some 4,000 in Newark, with more to come.

Professional Services
MSW adds former Newark planning director to growing team

The former top planning official for the city of Newark has joined Murphy Schiller & Wilkes LLP, the fast-growing law firm focused on commercial real estate and development.