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Posts in Real Estate and Land Use.

A State Superior Court Judge has agreed with Conell Foley and reversed the action of the Hoboken Rent Leveling & Stabilization Board finding that an apartment building is not exempt from local rent control. 

Under the New Jersey Rent Control Exemption Law, newly constructed apartment ...

When New York Governor Kathy Hochul signed the state’s budget into law in April she enacted legislation intended to replace the New York City affordable housing tax abatement program known as 421-a, which expired in 2022. Like its predecessor, the new program, Affordable Neighborhoods ...

To fight money laundering, the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) is now requiring title companies to collect and file information identifying the buyers of residential real estate for at least $300,000 (less in Baltimore) whenever the buyer does not ...

Last week brought another round of drenching rains and more flooding to New Jersey.  It also marked the beginning of new flood disclosure requirements imposed on commercial and residential property owners. Signed into law in July, the New Jersey Flood Risk Notification Law, P.L. 2023, c.93 ...

Converting Office Space to Residential Property: One Way of Helping to Prevent Mortgage Defaults on Commercial Property

The 21st century presented a multitude of changes in how people work, live, and interact with their environments. The most notable of these changes has been the rise of remote working culture, which was accelerated by the COVID-19 pandemic. While the transition has been beneficial for many ...

New Jersey Economic Recovery Act Set to Jumpstart Redevelopment Projects with Substantial Tax Credits

New Jersey’s business and development leaders will soon get the help needed to try and turn the page on 2020 and some of the turmoil caused by COVID-19, as Governor Phil Murphy has signed the New Jersey Economic Recovery Act of 2020 (S3295/A4) into law. The bipartisan legislation modifies and ...

Liquor License Holders Can Apply for Temporary Expansion Under Special Ruling for Outdoor Dining

Per Governor Murphy’s Executive Order No. 150, restaurants will be permitted to open on June 15, 2020 for outdoor seating only. In furtherance of E.O. 150, the New Jersey Division of Alcoholic Beverage Control (State ABC) has issued guidance and enacted a streamlined approval process for ...

Gov. Murphy Authorizes Alcohol Sale and Delivery by Certain License Holders

In order to mitigate the continued business disruption caused by the ongoing COVID-19 pandemic, Gov. Murphy signed legislation (A3966) on Friday, May 15, 2020 that gives New Jersey’s liquor license holders additional options in connection with the sale of alcoholic beverages.

Governor Murphy Permits Tenants to Apply Security Deposit to Pay Rent During COVID-19 Pandemic

In response to the current COVID-19 pandemic, on Friday, April 24, 2020, New Jersey Governor Phil Murphy issued Executive Order 128, which allows residential tenants to apply the full amount of the tenant’s security deposit (plus all accrued interest) to the payment of any rent or late fees ...

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