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 bill’s reference to the creation of a “storefront” registry— to notify the state’s Business Action Center (“BAC”) whenever a commercial space “becomes available” and “no person or entity is presently scheduled to lease or purchase the property.” The property owner would have also been required to notify the BAC again when such space became re-occupied. Instead of an outright rejection of the bill, however, Governor Murphy suggested that the Legislature first allow for the BAC to study the issue that the legislation aimed to solve. In conditionally vetoing the legislation, Governor Murphy echoed the sentiments of my colleagues in this earlier blog post.Continue Reading Gov. Murphy Rejects Legislation Requiring Commercial Property Owners to Register “Vacant Space”
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 lease or purchase. Legislators have touted this initiative (Senate Bill 3286/Assembly Bill 4750) as a tool to help New Jersey’s small businesses in “locating storefronts,” but what does it mean for commercial property owners?Continue Reading Vacant Storefront Registry Program – Would It Really Help?
Real estate owners and developers will finally have recourse when construction inspections are not timely performed. Governor Phil Murphy has just signed into law Senate Bill 3014/ Assembly Bill A573, which provides for expedited construction inspections under the Uniform Construction Code, N.J.S.A. 52:27D-124.
The new law provides rules for the timely inspection of construction projects and grants the Commissioner of the New Jersey Department of Community Affairs (“Commissioner”) new powers to compel compliance, order corrective action or issue penalties when an enforcing agency is unable or unwilling to meet its obligations.Continue Reading Three Business Days to Perform or Else: New Law Allows Owners to Utilize Private Construction Inspectors When Agencies Fail to Act