B — February 28 - March 13, 2014 — Owners, Developers & Managers — Mid Atlantic Real Estate Journal
www.marejournal.com O wners , D evelopers & M anagers Filing deadline for 2013 tax appeals is April 1, 2014 Tax relief available for multi-family property owners
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on their own behalf in New Jersey, if the property is owned by a corporation, partnership or LLC, the entities must be represented by an attorney of the State Bar. FRKB has extensive experi- ence in resolving a wide range of apartment-rental hous- ing and commercial property tax appeals. The firm’s tax appeal specialists provide individualized representa- tion, guiding clients through the process. The firm’s attor- neys appear regularly before County Boards of Taxation throughout the State as well as the New Jersey Tax Court to challenge unfair or excessive assessments. n and HVAC modernizations; updated restrooms; and new lighting, wall coverings, paint and carpeting are among the various upgrades underway at select buildings. Parking lot repaving, new roofs, build- ing skins and other exterior renovations are being made at others. n
EST ORANGE, NJ — Real estate taxes often are one of the
said Gary D. Gordon , Esquire, partner of West Orange, NJ- based Feinstein, Raiss, Kelin & Booker , LLC (FRKB) . Last year, FRKB challenged tax appeals on behalf of owners of apartment buildings resulting in as much as a 28% reduction in tax assessments. The final date for filing a 2013 real estate tax appeal is April 1, 2014; however, the time to start planning is now. According to Gordon, “Evaluat- ing your income and operating expenses for the past year will assist in determining whether a property is appropriate for an appeal.” Although property owners can appeal and appear in court
largest oper- ating expens- es impacting a p r ope r t y owner’s bot- tom line. Yet, landlords that have not had their proper- ties recently
Gary Gordon
evaluated may be overpaying as a result of an outdated or ex- cessive tax assessment on their income-producing property. “The savings can be signifi- cant and help ensure a property remains competitive in today’s apartment rental marketplace,”
LAWRENCEVILLE, NJ — Prism Capital Partners, LLC has launched a multi- million-dollar capital improve- ment project at Princeton Pike Corporate Center in Lawrenceville. According to Jon Hoff , the firm’s senior vice president of management services, the work focuses al- Prism launches renovations at Princeton Pike Corporate Ctr. most exclusively on cosmetic and mechanical upgrades at the eight-building, 800,000 s/f, class A campus. Prism, with Angelo, Gor- don&Co. , acquired Princeton Pike Corporate Center earlier this year. Princeton Pike is ap- proximately 90% leased. Lobby renovations; elevator
Owners, Developers, & Managers
Multifamily Spotlight! Featuring POA Expo
March 19th Meeting: Topic: “Organizing and Business Applications Using Smart Technology” When: Wednesday, March 19, 2014 - 4:00 PM Where: Nestle Nutrition 12 Vreeland Road Florham Park, NJ For more information, go to www.njifma.com
Issue: March 28th, 2014 Deadline: March 14th, 2014
Don’t Miss Your Opportunity To Shine!
Please Contact Steve Kelley SKelley@marejournal.com 781.871.5298 x205
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