Law360
“The city of Newark, New Jersey, has accused a would-be redeveloper of running afoul of their contract by failing to move forward with a commercial and residential project that was proposed for properties once under the city’s ownership.”
AFFORDABLE HOUSING – “Lesniak proposes $600M in tax credits to encourage affordable housing”
Politico
“A bill that would allocate up to $600 million in tax credits to encourage developers to build affordable housing has been pre-filed for the new legislative session. According to the proposal, (S894) the 30 percent tax credit on total project costs would be restricted to development in neighborhoods where the median family income does
Battling N.J. Liquor Laws
The Record | 1/17/2016
Last year, nearly a dozen bills were introduced by state legislators to address some aspect of New Jersey’s liquor laws. Most of those efforts died when the legislative session ended Tuesday. But supporters of two key proposals — one that would make it easier for small restaurants to obtain liquor licenses,
What Will It Take to Save New Jersey’s Suburban Market?
Ted Zangari shares insights at Bisnow’s conference “Revitalizing New Jersey – Transforming Existing Assets Into Future Communities”
BISNOW | Amanda Marsh, Deputy Editor
As Chris Christie prepped to take the national spotlight at last week’s Republican presidential debate, NJ Economic Development Authority president Timothy Lizura sang his praises while keynoting Bisnow’s Revitalizing New Jersey event
Real Estate Investors Wary of Tax Changes Say Limiting Section 1031 Would Slow Down Sector
Ted Zangari, chair of the real estate department at the Newark-based law firm Sills Cummis & Gross. – (PHOTO BY AARON HOUSTON)
NJBIZ | July 13, 2015
This article discusses the possibility of changes in deferral rules regarding 1031 exchanges. Ted Zangari stated that clients and their tax advisors want to unload now as they
Municipal Declaratory Judgement Actions Present an Excellent Opportunity for Re-Zoning But Fast Action Is Required
If you own a vacant or under-tenanted office or industrial building or vacant land zoned for office, industrial or large lot residential use, the New Jersey Supreme Court’s March 10, 2015 decision in In the Matter of the Adoption of N.J.A.C. 5:96 and 5:97 by the New Jersey Council on Affordable Housing, 221 N.J. 1 (2015) provides you with an excellent opportunity to obtain high density residential or mixed use zoning for your property.
However, you must act now.Continue Reading Municipal Declaratory Judgement Actions Present an Excellent Opportunity for Re-Zoning But Fast Action Is Required
NJEDA Board Chair Pens Op-Ed Explaining Numbers Behind Incentive Awards to Businesses and Developers
The numbers behind New Jersey Economic Development Authority’s award of tax credits
The Star-Ledger
In following news about New Jersey’s incentive programs over the last year, it struck me that readers might incorrectly conclude that the state has paid out $5 billion in actual tax credits under the legislatively-created incentive programs that the New Jersey
Municipal Affordable Housing Obligations Are Now Determined by the Courts
In its unanimous decision on March 10, 2015, in In Re Adoption of N.J.A.C. 5:96 & 5:97 by N.J. Council on Affordable Housing (M-392-14 (067126), the New Jersey Supreme Court held that the courts, and not the Council on Affordable Housing (“COAH”), will determine if municipalities have met their constitutional affordable housing obligations under the Mount Laurel doctrine. However, builders’ remedy lawsuits will not be immediately available to property owners in municipalities that either have substantive certification under COAH’s invalidated Third Round Rules or were participating in the COAH process to obtain it. Further, the Court created a process by which these municipalities can obtain the equivalent of substantive certification from the courts and thus immunity from builders’ remedy lawsuits.Continue Reading Municipal Affordable Housing Obligations Are Now Determined by the Courts
Permit Extension Act Revised to Add One More Year of Extensions
Last Friday, December 26, 2014, Governor Christie signed A-3815 into law, expanding the "Extension Period" of the Permit Extension Act one more year.
As amended, the Act automatically suspends the running of the period of an approval during the "Extension Period" of the Act, the time period beginning on January 1, 2007 and continuing through December 31, 2015, but this suspension will not extend an approval for more than six months after December 31, 2015.Continue Reading Permit Extension Act Revised to Add One More Year of Extensions
SPECIAL REPORT – EO13 Roundtable
Lauren Moore, Ted Zangari and Jon Whiten discuss and debate the Economic Opportunity Act’s first year
NJBIZ reached out to New Jersey Business Action Center Executive Director Lauren Moore; Sills Cummis & Gross real estate attorney Ted Zangari; and Jon Whiten, deputy director for liberal think tank New Jersey Policy Perspective, for differing perspectives