In our previous summary of the Aspire legislation approved by both houses of the State Legislature two weeks ago and now awaiting Governor Murphy’s enactment into law (click here to view the summary of Aspire 3.0), we noted
Sills Cummis & Gross P.C.
Sills Cummis & Gross P.C. is a regional law firm based in New Jersey that provides legal services across multiple practice areas. The firm frequently publishes content related to real estate development, environmental law, state and local incentives, land use, and economic development. Their publications often address regulatory changes, redevelopment challenges, tax credit incentives, and litigation matters affecting businesses and municipalities. The firm also covers topics such as transit-oriented development, brownfield redevelopment, and community benefits in urban planning. Sills Cummis & Gross serves clients involved in commercial real estate, environmental remediation, and public policy, offering insights into legal and regulatory frameworks impacting these sectors.
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Breaking News: State Legislature Just Approved NJ Aspire 3.0
Redevelopers have always struggled to make the numbers work on their proposed projects due to the unique added expenses of redevelopment not typically encountered on “greenfield” new construction projects—costs of land assemblage, environmental remediation, and structured parking, to name a…
NJEDA Releases Opt-In Documents for Municipalities to Participate in Garden State C-PACE Program
Just about two months after the New Jersey Economic Development Authority (“NJEDA”) approved the Garden State Commercial Property Assessed Clean Energy program, or “C-PACE”, it has released form documents for municipalities wanting to opt into the Program. The documents include…
Murphy Administration Releases Preliminary Draft of New State Plan (The First Since 2001)
By Ted Zangari
For the first time in nearly a quarter-century, the NJ State Planning Commission is making a concerted effort to update the State Development and Redevelopment Plan. Today, the Commission released a preliminary draft of a new plan and set an…
Breaking News: Court Potentially Stays Fourth Round of Affordable Housing Obligations
A Superior Court judge yesterday granted an order to show cause in connection with a lawsuit filed by 21 municipalities challenging the fourth-round rules of affordable housing obligations. (The Court’s Order can be found here.) As a result, the State and…
Fourth Round Affordable Housing Obligation Calculations Have Been Released; What Do They Mean for Developers and What Comes Next?
By now, most residential and mixed-use developers doing business in New Jersey have read that the Department of Community Affairs (“DCA”) late last Friday released its report calculating regional and municipal obligations for the fourth round of affordable housing units…
Big Lots and Lumber Liquidators Each Announce Hundreds of Store Closings at Big Box Locations Across the U.S.
By Ted Zangari
If your business is looking for big box locations, this could be your opportunity to purchase a lease through bankruptcy auction at a significant savings. The process is manageable, and the upside potential can be worth the effort. Our bankruptcy…
Plan Review Bill Becomes Law
As seen on: The Weekender Brief (NAIOP NJ)
Acting Governor Nicholas P. Scutari yesterday signed into law the New Jersey Design Professional Self-Certification Act (S3402/A4350). Championed by NAIOP NJ, the new law will help streamline approvals and advance development and redevelopment…
Update on Affordable Housing Legislation
Legislation establishing the new fourth round of rules for affordable housing could become law in short order. The Assembly passed its version of the bill, A-4, on February 12. The Senate Budget and Appropriations Committee moved the Senate’s version of the…
UPDATE: Comply With New Flooding Condition Disclosures & Landowner Notification Requirements Beginning March 20, 2024 – Or Risk Losing Your Tenant Or Buyer
Beginning on March 20, 2024, all property owners seeking to lease (including renewals) or sell real property in New Jersey, including commercial real estate, must make certain disclosures to potential tenants and/or buyers regarding historic and potential flood conditions on…