Real Estate News

Harborside 8 (on the right) has secured a massive financing deal just a few months after preliminary work began on the 68-story tower. Image courtesy Elkus Manfredi Architects One of the largest towers coming to the Jersey City waterfront has nabbed a massive financing deal just a few months after work [...]

Johnson & Johnson is the latest company to strike a deal with the White House to lower prescription drug costs in exchange for an exemption from U.S. pharmaceutical product tariffs. The New Brunswick-based drugmaker announced the agreement Jan. 8. It comes as part of President Donald Trump’s “most-favored-nation” pricing policy, which [...]

The basics: Gov. Murphy sits down with NJBIZ to reflect on his time in office Talks about leading New Jersey through COVID-19 and its aftermath Points to fiscal recovery, surplus growth and credit upgrades Strategic innovation centers, film industry revival, FIFA World Cup 2026 and economic impact highlighted As Gov. Phil Murphy‘s second term draws [...]

The basics: Puratos‘ Taste Tomorrow outlook predicts major bakery and chocolate trends for 2026 Mini desserts, tangy flavors and premium small portions gain traction Sourdough and texture mashups drive innovation across baked goods Health-focused products, protein baking and plant-based chocolate continue rising As 2026 takes shape, food trends will likely be influenced by more than [...]

The basics: Cost segregation can accelerate depreciation and significantly reduce taxes Studies can be done retroactively without amending prior tax returns Small and mid-sized businesses can benefit, not just large corporations New bonus depreciation rules expand opportunities for real estate owners When a New Jersey-based developer built an $18 million multifamily complex, its then-CPA adviser [...]

Inside: We shine our Spotlight on tax planning; Phil Murphy reflects on his eight years as governor, including COVID, budgets and the state’s future; Puratos reads consumer trends and moves aggressively toward sustainability at its Pennsauken facility; and much more! Click on the cover at left to read the issue as [...]

The basics: New Jersey CPAs say aggressive tax positions can increase IRS audit risk Cannabis, real estate and small business cases highlight the dangers Experts stress documentation, legal opinions and reasonable support New tax law benefits create opportunities — and new gray areas Walking the line between smart tax planning and waving a red flag [...]

The basics: New Jersey is combining AI and life sciences to transform health care and drug discovery, BioNJ CEO says Health systems are using AI tools to improve patient care and reduce administrative burden Biopharma firms are deploying AI to speed research and optimize biomanufacturing Strategic innovation hubs and investments are fueling the state’s [...]

The basics: One Big Beautiful Bill Act makes major business tax provisions permanent QBI deduction, bonus depreciation and R&D expensing create new planning strategies SALT cap relief benefits New Jersey and other high-tax states Tax experts urge SMBs to shift to long-term, strategic tax modeling The federal One Big Beautiful Bill Act reshaped the tax [...]

The basics: Macy’s confirmed closures at Livingston Mall, Ramsey Shutdowns part of retailer’s ‘Bold New Chapter’ turnaround Clearance sales expected to begin by mid-January After closures, Macy’s will operate 26 stores in New Jersey Two Macy’s stores in New Jersey will close as part of an ongoing turnaround effort by the retailer. After winding down dozens [...]