The Spring/Summer 2018 NPD Newsletter is Here!
The Spring/Summer 2018 NPD Newsletter is here!
Nehmad awards community college scholarships
NPD Partner Steve Nehmad recently attended a ceremony at Atlantic Cape Community College where he awarded a scholarship to students.
New Developer-Friendly Site Plan Bond Requirements Enacted
On January 15, during his last day in office, Gov. Chris Christie signed into law Assembly Bill 1425/Senate Bill 3233, which implements major reforms to the requirements for the posting of performance and maintenance guarantees under the Municipal Land Use Law (MLUL), N.J.S.A. 40:55D-1 et seq. The new law is effective immediately. Municipalities are now constrained from requiring performance and maintenance guarantees for private improvements in a development.
NPD Partner Eric Goldstein Obtains Dismissal of Complaint before NJ Department of Education
Following a full trial on the issues, an NJ Administrative Law Judge recently ruled in favor of NPD Partner Eric Goldstein, upholding the results of an extensive investigation by the Hamilton Township (Atlantic County) School District that resulted in the complete protection of a student who had been intimidated by another child.
The New Federal Tax Reform and LLCs
The recently adopted federal tax reform legislation should cause owners of investment real estate to reevaluate the use of limited liability companies (LLCs) as they and other "pass through" entities may be able to take advantage of certain new tax provisions under the new legislation.
CRDA Enacts New Zoning Regulations for Atlantic City Tourism District
On November 21, 2017, the Board for the Casino Reinvestment Development Authority ("CRDA") adopted new land use regulations for the Atlantic City Tourism District that complement the newly adopted Master Plan for the District.
Realtors Beware of Commercial Tenant’s Right of First Refusal
In a decision published on October 26, 2017, the Appellate Division affirmed the grant of summary judgment in favor of a commercial tenant against a realtor who claimed that the tenant, who had a right of first refusal under its lease to purchase the premises, was obligated to pay the realtor's commission arising from a separate contract with another prospective purchaser of the leased premises.
NPD Partner Eric Goldstein Secures Approvals for Ventnor Dunkin’ Donuts Location
NPD Partner Eric Goldstein recently obtained local site plan & variance approvals for Dunkin’ Donuts for the construction of a new freestanding location with a drive thru lane in the City of Ventnor.
Davis Moderates Economic Development Panel
Keith Davis moderated a talented panel concerning economic development incentives.
Michael Peacock, Esquire speaks to the NJ Association of Recovery Residences
Michael Peacock, Esq. speaks at the monthly meeting of the New Jersey Association of Recovery Residences ("NJARR") at the Enlightened Café in Ventnor on September 13, 2017.