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New Jersey Law Journal

Commercial Real Estate Due Diligence in New Jersey: Best Practices for Lenders

"The eventual influx of new CRE loans will lead to a substantial amount of due diligence on both new and existing real estate collateral," says Zachary Rosenberg of Bressler Amery & Ross.
9 minute read

New York Law Journal

Legal Community Divided on NY Lawmakers' 'Landmark' Housing Deal

One lawyer said of lawmakers including new standards to combat discrimination in the provision of insurance to affordable housing that it's "an extremely important statement for the state of New York to be making, that we're not going to tolerate this, and I believe that we're the first in the nation to take action like that. It's 100% a national issue; not a New York State-specific issue."
7 minute read

New Jersey Law Journal

New Jersey's Prompt Payment Act: Construction Contract Considerations for Developers and Owners

"Where the owner fails to remit timely payment of an approved invoice, after giving seven calendar days' notice, the unpaid party may suspend performance of the construction contract until the payment is made," writes Robert C. Epstein of Greenberg Traurig.
7 minute read

New Jersey Law Journal

New Economic Incentives for Developers of Affordable Housing Are on the Horizon

"Given the significant outstanding need in New Jersey for inclusionary and affordable housing, these actions are a clear legislative step, creating fundamental changes in how housing might be incentivized and financed," according to Cameron W. MacLeod and Kenneth D. McPherson III of Gibbons.
8 minute read

New Jersey Law Journal

Changes in New Jersey Sheriff's Foreclosure Sale: How Residential and Non-Residential Properties Are Impacted

"The amendments attempted to rectify various issues raised by the uptick in the amount of abandoned blighted properties," write Michael L. Rich and Benjamin L. Lindeman of Porzio Bromberg & Newman.
8 minute read

New York Law Journal

An Uncharitable Regulation: Tax Court Invalidates Conservation Easement Regulation

In their Financing column, Ezra Dyckman and Charles Nelson discuss the recent Tax Court case, Valley Park Ranch, LLC v. Commissioner, which "is significant because it illustrates the Tax Court's willingness to invalidate a longstanding regulation based on procedural flaws that occurred almost 40 years ago."
5 minute read

New Jersey Law Journal

How to Prepare for the Growing Prevalence of Modular Construction

"It will be imperative for project owners to understand where the prospective modular contractor sits in relation to the other contractors working on the project," writes Aaron S. Brotman of Cole Schotz.
7 minute read

New Jersey Law Journal

What You Need to Know About the New Jersey Flood Risk Notification Law

"As a direct response to the increased flood risks, New Jersey enacted a Flood Risk Notification Law. The law imposes strict requirements for landlords and sellers of real estate in the state," writes Mercedes Diego of Cohn Lifland Pearlman Herrmann & Knopf.
5 minute read

New Jersey Law Journal

The Importance of Using Singular 'They' in Real Estate Legal Documents

"Whichever pronouns people choose to use, these choices need to be honored, especially by attorneys who believe in a client-centered approach," writes Michael J. Stutman of Flaster Greenberg.
6 minute read

New Jersey Law Journal

Is Rent Control Still Relevant?

"Originally designed to protect tenants from skyrocketing rents and ensure housing stability, rent control policies have disincentivized property owners from updating and renovating older buildings, as well as distorting housing markets," writes Brian Peykar of Brach Eichler.
8 minute read

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