As seen in: NJ Municipalities Magazine
By: Melissa Orsen (Chief Executive Officer, NJEDA)
Sills Cummis & Gross was pleased to have represented the redeveloper in all aspects of this project, including the novel public incentives mentioned in the article.
Continue Reading Sills Cummis Client Lauded by CEO of NJEDA for Filling “Food Desert” in Elizabeth, NJ
As seen in: The Record
Last year, nearly a dozen bills were introduced by state legislators to address some aspect of New Jersey’s liquor laws. Most of those efforts died when the legislative session ended Tuesday. But supporters of two key proposals — one that would make it easier for small restaurants to obtain liquor licenses, and one that would allow certain supermarkets to hold more than two liquor licenses — say they plan to continue the fight this year, and they are confident about their chances.
Continue Reading Battling N.J. Liquor Laws
As seen in: NJBIZ
Ted Zangari, chair of the real estate department at the Newark-based law firm Sills Cummis & Gross. – (PHOTO BY AARON HOUSTON)
This article discusses the possibility of changes in deferral rules regarding 1031 exchanges. Ted Zangari stated that clients and their tax advisors want to unload now as they are not sure if the tax deferral will be around in a year. He went on to say, “…it doesn’t hurt that they’re not selling at a low point in the market – they’re selling at a relative high point in the market.”Continue Reading Real Estate Investors Wary of Tax Changes Say Limiting Section 1031 Would Slow Down Sector