Source: Press Release from NJ TRANSIT
LAND Plan Industry Day Provides Forum to Meet Real Estate Team and Learn About Upcoming Transit-Oriented Development and Leasing Opportunities.
NEWARK, NJ – NJ TRANSIT will host an open house networking event on April 21st for real estate developers, commercial real estate professionals and other interested parties to meet its real…
On her first day in office, New Jersey Governor Mikie Sherrill signed Executive Order No. 5, which has been a central part of her “Save You Time and Money” agenda.
The order focuses on modernizing the state’s regulatory processes and reducing government bureaucracy.…
The New Jersey Economic Development Authority (NJEDA) recently approved Sills Cummis client Meadowlands Logistics Center LLC to receive the first Aspire tax credit incentive awarded to an industrial warehouse project. The project owner will receive an award of up to 50 percent of the total project cost, not to exceed $56.5 million for the development…
New Rule Would Devastate Most Brownfield Redevelopment
Last November, NJDEP proposed voiding current law and instead mandating the reporting of contamination discovered during due diligence by prospective buyers and their professionals, even non-LSRPs. Such reporting would trigger liability for the current owner even if the proposed sale did not go through – a risk most…
As seen on: BINJE.comBy: Tom Bergeron
In a concept that could make NJ Transit more of a financial asset than a liability, the agency released an 8-page plan Wednesday that it says provides a roadmap for up to $1.9 billion in potential non-farebox revenue over the next 30 years.
The plan, which aims to unlock value from…
Repost of News Flash from New Jersey State League of Municipalities (NJLM.org)
The Division of Local Government Services recently issued Local Finance Notice 2025-12 providing guidance on recently enacted legislation regarding Payment-in-Lieu of Taxes (PILOTs). P.L. 2025, c.91, was signed by Governor Murphy on July 8 and becomes effective on October 1, 2025.…
Gov. Phil Murphy today signed into law a bill establishing the “Next New Jersey” tax credit incentive program for manufacturing businesses creating at least 20 new full-time jobs and making a capital investment of at least $10 million at a New Jersey facility. The award amount to an eligible business will be equal to the…
Late last night Governor Murphy signed legislation into law requiring the State Treasury to buy back developers’ unused tax credits under the NJEDA’s Aspire, Film & Digital Media Tax Credit, and CAFE incentive programs. Under this new law, a tax credit recipient under any of these three programs has the absolute right to redeem unused…
The House Ways and Means Committee (the tax-writing committee of the U.S. House of Representatives) is slated to meet over the next few weeks to consider various provisions to include in a tax reconciliation bill.…
The latest proposed rule as part of DEP’s ongoing Protecting Against Climate Threats (PACT) Resilient Environments and Landscapes (REAL) program is currently expected to be adopted early this summer. The proposed rules are vast in scope and warrant attention by all owners, landlords, property managers, lenders, and insurers of properties near any tidal water body…
