As seen on: NJSpotlight.com
By: Tara Nurin
After decades of listening to restaurateurs gripe about the often prohibitively high cost of a liquor license, New Jersey lawmakers are poised to debate a bill that could dramatically lower their price and
The Shopping Center Lawyer
Focused on Retail Leasing Law
The Shopping Center Lawyer, published by Sills Cummis & Gross P.C., focuses on legal issues related to commercial real estate, retail leasing, and property management. The blog covers topics such as bankruptcy-related lease acquisitions, commercial lease negotiations, landlord and tenant rights, and regulatory compliance affecting retail and shopping center properties. It also addresses legislative developments impacting commercial property owners and retailers, including liquor licensing laws, flood risk disclosures, and vacancy reporting requirements. The blog provides updates on state-specific laws and practical guidance for navigating complex transactions and regulatory changes in the retail real estate sector.
Latest from The Shopping Center Lawyer - Page 4
Proposed NJ Liquor License Law Aims to Revitalize Downtown Areas
As seen on: NJ1015.com
By: David Matthau
The Assembly Regulatory Oversight and Reform and Federal Relations Committee could vote in the coming weeks on a proposed measure to create new liquor licenses for restaurants.
To better understand the issue, the…
Sills Cummis Client Lauded by CEO of NJEDA for Filling “Food Desert” in Elizabeth, NJ
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.…
Battling N.J. Liquor Laws
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…
Real Estate Investors Wary of Tax Changes Say Limiting Section 1031 Would Slow Down Sector
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…
“Top of the Rock” Holiday ICSC PAC Reception
On December 8 approximately 50 ICSC members attended an ICSC PAC reception at the offices of Sills Cummis & Gross at Rockefeller Center in New York City. The special guest of the evening was Congressman Joseph Crowley (D-NY), who spent…
Some good news for NJ retailers along the Hudson…
As of August 1, 2009…
>>> the combined* New York sales and use tax is 8.875% — 25% higher than NJ’s sales tax
>>> the complete exemption of clothing and footwear from NYC’s 4.5% local sales tax has been eliminated to conform with NY…
Proposed New Accounting Rules to Eliminate Operating Leases
By Ted Zangari
A discussion paper on potential changes to lease accounting was released in March by the U.S. Financial Accounting Standards Board and the International Accounting Standards Board. According to the discussion draft all operating leases for real estate and equipment will…
Tax Appeals: An Effective Way to Soften the Blow of Vacancies (and Cut Operating Costs for Those Tenants Still in Possession!)
By Ted Zangari
The recent economic tsunami has already devastated the commercial real estate sector. But another wave of bad news is about to hit owners of commercial real estate. The economic downturn has drastically reduced state tax revenues, and state officials are…