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By Brian Lee | April 23, 2024
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
By Robert C. Epstein | April 23, 2024
"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
By Cameron W. MacLeod and Kenneth D. McPherson III | April 23, 2024
"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
By Michael L. Rich and Benjamin L. Lindeman | April 23, 2024
"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
By Ezra Dyckman and Charles S. Nelson | April 23, 2024
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
By Aaron S. Brotman | April 23, 2024
"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
By Mercedes Diego | April 23, 2024
"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
By Michael J. Stutman | April 23, 2024
"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
By Brian Peykar | April 23, 2024
"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
By Kate Maxwell | April 23, 2024
As legislative and market forces converge to make condominium termination an attractive alternative to reserve funding requirements, additional clarity concerning the interpretation of condominium termination provisions is essential.
4 minute read
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