Starting this week, individuals seeking real estate licenses in New Jersey will be able to take the licensing exams remotely under a new remote option launched by the New Jersey Department of Banking and Insurance. The remote exams provide greater flexibility to individuals who want to take the licensure exams during the COVID-19 emergency. The […]
Real Estate
Newmark Associates Transacts Lease for Educational Services Commission
Newmark Associates announced the recent leasing of 17,500 SF of Class A office space at 1655 Valley Road in Wayne, New Jersey to the Northern Region Educational Services Commission (NRESC), an organization offering support services for students with specific educational challenges. Nancy Stanton-Tuckman, Senior Vice President, and Jay Zeitchik, Sales Associate, represented NRESC in a […]
Commercial Properties Near Public Transit Have Higher Sales Value
Neighborhoods located near public transit services experience commercial real estate sales prices that can be as much as 42% higher than those farther away, according to a report by the American Public Transportation Association and the National Association of Realtors®, called “The Real Estate Mantra – Locate Near Public Transportation.” The report explored seven metropolitan regions – […]
Certain Rental Real Estate to Qualify for Small Business Deduction
WASHINGTON — The Internal Revenue Service today issued Revenue Procedure 2019-38 that has a safe harbor allowing certain interests in rental real estate, including interests in mixed-use property, to be treated as a trade or business for purposes of the qualified business income deduction under section 199A of the Internal Revenue Code (section 199A deduction). If all the […]
The Culture of Commitment at Newmark Associates
In the very competitive commercial real estate marketplace in New Jersey, commercial brokers need to have something special to gain and then maintain market share. That’s certainly true for Cedar Knolls-based Newmark Associates, which was founded by Susanne Newmark in 1987 and has been a proud NJBIA member since 1998. Newmark provides traditional broker services […]