News & Analysis as of

New Jersey State and Local Government Real Estate Development

Cozen O'Connor

New York Note: Metropolitan Park and NJ Transit Strike Ends

Cozen O'Connor on

NYS Passes Bill for Metropolitan Park Casino Project- Last week, New York State Assemblymembers approved legislation that would allow for the construction of an $8B entertainment and casino complex on 50 acres of Citi...more

Fox Rothschild LLP

Affordable Housing Clock Ticks Toward June 2025 Deadline in New Jersey’s Fourth Round

Fox Rothschild LLP on

The latest round of affordable housing development in New Jersey is well underway, with a key deadline for municipalities and developers fast approaching on June 30, 2025. This fourth round — spanning 2025 to 2035 — is...more

Offit Kurman

Will 2025 Bring Greater Equity Investment and Debt Financing in NJ? NJ Aspire 3.0 aspires to do just that.

Offit Kurman on

On January 23, 2025, Governor Phil Murphy enacted significant amendments to the New Jersey Aspire Program by signing Senate Bill 1323/Assembly Bill 2076 into law. The amendments, collectively referred to as “NJ Aspire 3.0”...more

Cole Schotz

Blogs | Environmental Coming This Summer! NJDEP’s New Climate Regulations Will Affect More Than The Jersey Shore

Cole Schotz on

The New Jersey commercial real estate industry is preparing for big statewide permitting changes slated to come into effect this summer. Under its controversial Resilient Environments and Landscapes (“REAL”) Rule, aimed to...more

Greenbaum, Rowe, Smith & Davis LLP

An Overview of Amendments to the New Jersey Aspire Program

What You Need to Know- •The New Jersey Aspire Program has been amended to incentivize developers seeking to close project financing gap costs associated with commercial, mixed use, and residential real estate development...more

Greenbaum, Rowe, Smith & Davis LLP

Beware of Dirty Dirt: New Jersey Enacts Stringent Licensing Requirements for Soil and Recycle Fill Providers; Providers of Soil...

Nearly a decade has passed since the New Jersey State Commission of Investigation (SCI) first reported on soil and fill providers circumventing New Jersey state laws restricting the use of recycled soil and fill materials. ...more

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