Legislation to repeal the 2.5% non-residential development fee retroactive to July of 2010 was introduced yesterday. The bills are S-2974 (Lesniak/Sweeney) and A-4221 (Coutinho/Bucco/Burzichelli). There are only two sessions days (next Monday and Thursday) remaining before summer recess during which this legislation can be approved and sent to Governor Christie for consideration.
Commercial real estate
Hamilton, NJ – The New Jersey Builders Association (NJBA) is pleased to announce the formation of New Jersey Mixed-Use Developers (MXD). Leaders in residential, commercial, redevelopment and mixed-use development have come together in response to the evolving land use patterns in New Jersey. MXD will unite the voice of businesses involved in the construction of multi-family housing, retail and office space – otherwise known as mixed-use production, in New Jersey. MXD, along with NJBA, will advocate for providing the wide array of diverse housing choices, as well as commercial mixed-use developments that will facilitate the availability of housing and workplaces for all New Jersey residents.Continue Reading New Jersey Builders Association Announces the Formation of New Jersey Mixed-Use Developers
(Courtesy of NJ Chamber of Commerce) The three women executives who are helping spearhead economic growth in New Jersey told a group of State Chamber of Commerce members on Friday that now is a perfect time for the Garden State’s economy to skyrocket – in terms of both business growth and reputation.Continue Reading The Three Women Helping Spearhead Economic Growth Say “New Jersey Means Business”
Ted Zangari, Chair of the Redevelopment Law and Public Policy practice groups at Sills Cummis & Gross, participated today in a roundtable discussion on tax policy with Gov. Christie’s Council on Economic Advisors.
Continue Reading Zangari Participates in Tax Policy Roundtable
The law requires State agencies to review the permits they currently issue to identify permits which: 1) can be administered through expedited processes, such as developing procedures for the electronic submission of permit applications; or 2) may be obsolete, are no longer necessary or cost more to administer than the benefits they provide, and thus should be eliminated so long as the public health, safety, or general welfare is not endangered.
Sills Cummis & Gross P.C. is pleased to announce that Andrew B. Robins joined the Firm and will be heading up the Environmental Law Practice Group. Mr. Robins brings his vast environmental law experience to the Firm where he will counsel clients in regulatory compliance, cost recovery litigation, redevelopment, brownfields, transaction negotiation and risk analysis.
“Andy’s practice fits perfectly with our multidisciplinary approach to brownfield and portfield development and the adaptive re-use of industrial properties,” said Ted Zangari, chair of the Firm’s Redevelopment Law Practice Group.Continue Reading Sills Cummis & Gross Snags Top Environmental Attorney
Regional Plan Association (RPA) released today a report suggesting that Newark is well positioned to leverage sustainability for urban revitalization. The exceptional variety of built and open space environments in the "Brick City" creates opportunities for sustainability initiatives of almost every kind and scale: from retrofitting older building stock with new energy technologies to best
GlobeSt.com – This article discusses the third-annual Urban Developer’s Night hosted by the Industrial and Office Real Estate Brokers Association of the New York Metropolitan Area. Ted Zangari, the featured speaker of the evening and a Member of Sills Cummis & Gross, stated, “New Jersey will truly be the first state in the nation to
Gov. Christie yesterday signed legislation extending the Urban Transit Hub Tax Credit program to include wind energy facilities constructed anywhere within the South Jersey Port District. The minimum capital investment requirement is $50 Million (unchanged from the existing UTHTC); however, the minimum job requirement is 300 new full-time employees (vs. 250 full-time employees in the
State Comptroller Matthew Boxer today released a report criticizing aspects of the municipal tax abatement and PILOT programs in New Jersey. To view the report, please click here.