An investor has sold a nearly 23,000-square-foot retail center in Monmouth County, brokers with Marcus & Millichap announced Monday.
Conditions on PILOT agreements: What developers, municipalities need to consider
As the Long Term Tax Exemption Law has become more widely used, local and state legislatures have increasingly sought to impose additional conditions on developers for receiving payment in lieu of taxes agreements, or PILOTs. But it is important for municipalities and developers to remember that these conditions are not without limit.



