With just two days remaining in the two-year legislative session in Trenton, New Jersey lawmakers and the Governor’s Office are reportedly drafting compromise legislation for speedy passage tomorrow and Monday, which Governor Murphy is expected to sign into law in
RedevelopNJ
Focused on Redevelopment and Land Use Issues in New Jersey
RedevelopNJ, published by Sills Cummis & Gross P.C., focuses on legal issues related to real estate redevelopment and urban planning in New Jersey. The blog covers topics such as brownfield redevelopment, land use and zoning challenges, transit-oriented development, economic incentives like tax credits and PILOT agreements, and the impact of local governance structures on redevelopment projects. It also addresses regulatory changes affecting environmental remediation, municipal finance, and community benefits associated with redevelopment. The content often discusses the intersection of state policies, local home rule, and economic development strategies, providing insights into legal and practical considerations for developers, municipalities, and stakeholders involved in redevelopment initiatives.
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New Flooding Condition Disclosures Published – Effective March 20, 2024
Disclosures affect all properties including commercial and industrial.
Specifics of the scope of the disclosures left unresolved.
On December 21, 2023, the Department of Community Affairs (DCA) published forms applying to:
- Sales of any property in New Jersey after March
…
Gov. Murphy Rejects Legislation Requiring Commercial Property Owners to Register “Vacant Space”
By Ted Zangari
Governor Murphy today conditionally vetoed legislation that would have added yet another burden on commercial property owners. The bill, A-4750, would have required the owner of every commercial property in the state—presumably affecting retail, office and industrial space despite the…
Landlords and Sellers of Property Beware: New Law Requires Disclosure of Flood Risks for Commercial, Industrial and Multi-Family Sites
A new statute imposes sweeping new notice requirements affecting properties that are subject to flooding. All owners of land in New Jersey, including commercial and industrial property owners, who lease their sites or are considering a transfer of improved or…
Summary of the Revised “NJ Aspire” Redevelopment Incentive Program
Since its launch more than two years ago, the New Jersey Aspire tax credit incentive program (“NJ Aspire”) has not been the deal-closing fund that redevelopers have so desperately needed. Thus far, NJ Aspire, like the “ERG” program which preceded it,…
Gov. Murphy Signs Law Amending Incentives Program to Lure Film & Digital Media
Governor Murphy today signed into law amendments to the Garden State Film and Digital Media Jobs Act, P.L. 2018, c. 56 (the “Program”). Below is a summary of the key changes to the Program:…
DEP Adopts New Inland Flood and Stormwater Rules That Will Require Many Projects to Be Redesigned or Abandoned
DEP has adopted new Inland Flood and Stormwater rules effective upon publication in either the July 3, 2023 or July 17, 2023 New Jersey Register. We will post an update when the exact date is known. A courtesy copy of the…
Vacant Storefront Registry Program – Would It Really Help?
A bill on Governor Murphy’s desk for possible enactment into law would add yet another burden on commercial property owners. This time it’s an effort to create a public database of all vacant commercial space available in the state for…
Liquor License Issue Is 2-Part Problem: Here’s 2-Part Solution
By Ted Zangari
Op-ed as seen on: ROI-NJ.comBy: George Jacobs and Ted Zangari
High on the list of antiquated regulations that are stifling competitiveness in New Jersey are those governing restaurant liquor licensing. So, kudos to Gov. Phil Murphy for being the first governor…
Bill on Governor Murphy’s Desk Would Impose New Flood Disclosure Notice Requirement on All Commercial & Residential Leases and Sales of Property
Recently passed legislation on Governor Murphy’s desk for enactment would require all new leases and lease renewals in New Jersey – both commercial and residential – to include specific disclosures regarding potential and past flooding. Similar disclosures would also be…