08.05.2025Genova Burns Closes $40 Million Dollar Refinance On Behalf Of ClientGenova Burns successfully represented the owners of the Paramus Design Center, a premier shopping and design destination in Paramus, NJ, in the closing of a $40 million refinancing transaction on July 3, 2025. Led by Partner John Suwatson, Esq., the Genova Burns team provided end-to-end legal counsel which involved negotiating deal terms, overseeing documentation, and ensuring a seamless closing.
07.25.2025Amendments to New Jerseys’ Mansion Tax and Controlling Interest Transfer TaxAs of July 10, 2025, the Mansion Tax and Controlling Interest Transfer Tax (“CITT”) now requires sellers of certain classes of real property (and controlling interest involving certain classes of real property) transferred for over $1 million to pay anywhere from 1% to 3.5% of consideration.
04.09.2025Genova Burns Closes $96 Million Sale-Leaseback Deal for Automotive ClientGenova Burns LLC successfully represented its car dealership client in a high-value sale-leaseback transaction involving a multi-property portfolio across Essex County, New Jersey, and Nassau and Suffolk Counties, New York.
11.29.2023In ROI-NJ: Genova Burns Creates Distressed Assets Task ForceGenova Burns is pleased to announce the creation of a Distressed Real Estate Assets Task Force to deal with a surge of issues involving multiple complex matters across lending, banking and bankruptcy, the firm announced.
As stated in a recent ROI-NJ article covering the announcement, "The Newark-based firm has offered a range of legal services across multiple areas and industries for many years. The new distressed assets task force, headed by Matthew Kertz, aims to leverage the firm’s experience on the cutting edge of market trends and opportunities.
12.24.2020New Jersey Economic Recovery Act of 2020On December 21, 2020, the New Jersey Legislature passed the “New Jersey Economic Recovery Act of 2020” (the “Economic Recovery Act”), an omnibus piece of legislation which provides support for various programs and policies related to jobs, property development, food deserts, community partnerships, small and early-stage businesses, among others. The bill now heads to Governor Murphy, who is expected to sign it into law.
04.21.2020New Law Allows Remote Notarization During COVID-19 PandemicOn April 15, 2020, New Jersey Governor Phil Murphy signed bill A-3903 into law. The new law allows for New Jersey notaries (or an officer authorized to take oaths, affirmations, and affidavits, or to take acknowledgements) to notarize documents virtually using audio-video technology, during the time of this public health emergency (as declared by the Governor in Executive Order 103 of 2020).
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