Jersey City Planning Board Approves Major Development Projects One Journal Square & Thirty Journal Square – Partner Eugene Paolino Representing Developers Kushner Companies and KABR Group

Genova Burns Partner Eugene T. Paolino, representing developer Kushner Companies and the KABR Group, hailed the Jersey City Planning Board for approving two major mixed-use development projects, named One Journal Square and Thirty Journal Square.

“This continues the inevitable movement of Jersey City redevelopment from the waterfront to the City’s interior,” said Paolino, “particularly toward the Journal Square transportation hub – a major draw for millennials seeking housing, as well as the retail businesses and offices that provide them with goods and services.”

Paolino said these unprecedented projects, with three mixed-use towers (56-, 79-, and 72- stories each) are “absolutely unique. A one-acre plaza as large as that of the New York Metropolitan Museum of Art with a graceful memorial fountain is planned at the foot of One Journal Square, which will bring green space to the heart of the City.”  He adds: “Further, the former Jersey Journal building will enable developer Kushner KABR to create a striking vertical landscape that opens into another magnificent public plaza with a promenade bracketed by two retail buildings off of Sip Avenue.”

To read the full press release, please click here.

Genova Burns is Pleased to Announce that Seven Attorneys Have Been Named to The Best Lawyers in America© 2017

For the 2017 Edition of The Best Lawyers in America©, 6.7 million votes were analyzed, which resulted in more than 55,000 leading lawyers being included in the new edition. Lawyers are not required or allowed to pay a fee to be listed; therefore, inclusion in Best Lawyers is considered a singular honor. Corporate Counsel magazine has called Best Lawyers “the most respected referral list of attorneys in practice.”

Client Alert – Third Circuit Halts Sports Wagering in New Jersey

On August 9, 2016, the United States Court of Appeals for the Third Circuit, sitting en banc, released its much-anticipated decision in NCAA v. Governor of New Jersey. The Third Circuit ruled, in a 10-2 vote, that New Jersey’s latest effort to implement sports wagering in the state violated a federal statute known as the Professional and Amateur Sports Protection Act (“PASPA”). PASPA is a law that prohibits most states from authorizing by law sports wagering (Nevada, Delaware, Montana, and Oregon have varying levels of exemptions from PASPA). The decision affirmed a lower court ruling that New Jersey violated PASPA by partially repealing its sports wagering prohibitions.

Going forward, casino and racetrack operators should monitor both state and legislative developments regarding PASPA and sports wagering, as well as the likely appeal to the United States Supreme Court. To read the entire client alert, please click here

For more information, please contact Nicholas R. Amato, of Counsel, Chair of the firm’s Casino & Gaming Law Practice Group, at or 973-535-7136 or Jordan Scot Flynn Hollander, Associate with the firm’s Casino & Gaming Law Practice Groups, at or 973-387-7808.

Avi Kelin Recently Quoted in Corporate Counsel Magazine

Firm Associate Avi D. Kelin was recently quoted in a Corporate Counsel magazine article entitled “Koch Brothers-Backed Groups Hit With $233K FEC Fine Over Disclosures”. To read the entire article including Mr. Kelin’s quote, please click here.

Avi D. Kelin is a member of the Firm’s Business Law & Commercial Transactions, Commercial Real Estate & Redevelopment and Corporate Political Activity Law Practice Groups.

Client Alert – Important Tax Developments That Have Occurred During the Second Quarter of 2016

The following is a summary of some of the more important tax developments that have occurred during the second quarter of 2016 that may affect you, your family, your investments, and your livelihood. Please call us for more information about any of these developments and what steps you should implement to take advantage of favorable developments and to minimize the impact of those that are unfavorable.

  • New Jersey Adopts “Uniform Trust Code”
  • Termination of Trust Does Not Trigger Generation Skipping Transfer Tax
  • IRS Clarifies “Grantor Trust” Definition in Bankruptcy and Insolvency Settings
  • IRS Can Require Sole Owners of Disregarded Entities to Provide EINs
  • IRS Releases Stricter Collection Financial Standards
  • No Innocent Spouse Relief Where Applicant Wife Remained Silent
  • Post-Divorce Settlement Sale of Businesses Between Ex-Spouses Nontaxable
  • Taxpayer Entitled to Exclude Income Under Key Insolvency Exception

To read up on the useful tax planning tips listed above and many more, CLICK HERE.

For more information, please contact: Judson M. Stein, Partner and Chair of the Trusts & Estates Practice Group, at