Selling a piece of commercial property often requires much negotiation and planning, and generally represents the culmination of a result of a well-reasoned business decision. And at the conclusion of the deal—and depending on the terms—the seller is divesting itself oftentimes of both an asset and liability. But for those sellers who believe that a sale provides an ending of the relationship with a particular property, recently the Supreme Court stated “not so fast.” Reversing the Appellate Court’s decision, the Supreme Court recently determined that there is no applicable statute of limitations, governing environmental contamination in New Jersey.Read More
Stronger NJ Business Loan Program – Helping New Jersey Small Businesses Rebuild and Recover Post-Superstorm Sandy
New Jersey small businesses devastated by Superstorm Sandy now have a new source of economic assistance. Approved by the New Jersey Economic Development Authority on June 11 2013, the Stronger NJ Business Loan Program went into effect on July 1, 2013, and offers direct, low-cost loans to businesses and nonprofits that sustained physical damage as a result of Hurricane Sandy, as well as to businesses wanting to expand within communities affected by the storm.
I found this column by Paul Mulshine in The Star Ledger interesting:
Putting politics aside, what does Sandy foretell for New Jersey's coastal regions? Does it foretell anything that we did not already know? And, how should we plan for the future? So far, the planning options seem to involve a combination of the following:Read More
The New Jersey Department of Environmental Protection has released a set of FAQs to help answer some of the most common questions regarding the standards of elevating houses and buildings Post-Sandy, and will help you determine if you need to elevate.Read More