Corporations are weighing plans to spread their operations in the wake of the coronavirus outbreak, providing an opportunity for New Jersey landlords who can rise to the challenge.
A bill that would create a $100 million rental assistance program in New Jersey — one that has drawn support from the apartment industry — is now awaiting action by Gov. Phil Murphy.
The New Jersey Builders Association is praising Gov. Phil Murphy’s decision to allow non-essential construction to resume in New Jersey, while pledging support for the guidelines included as part of the executive order that lifted the restriction.
New Jersey will allow non-essential construction to resume starting Monday morning, Gov. Phil Murphy said, while also permitting non-essential retail stores to reopen for curbside pickup.
With eyes on recovery, Gov. Phil Murphy has formed a “cabinet-level” advisory commission to focus on the macro issues, including resilience, infrastructure and messaging, and a Restart and Recovery Advisory Council with subcommittees to work out the details of how and when various sectors of the workforce will resume operations. Landlords and tenants will confront myriad issues as the stay-at-home restrictions are lifted and businesses reopen under a new set of protocols.
New Jersey shopping centers that once buzzed with a steady hum of activity have been quiet since late March, with most retail businesses shut down to contain the spread of COVID-19. Retail landlords are now scrambling to figure out how to deal with tenants who say they can’t pay rent because their revenue streams have stopped cold — even though property owners still have their own financial obligations.
The development team behind a new 424-unit apartment building in Hoboken is taking steps to support those on the front lines of the coronavirus pandemic.
In the weeks since the start of this crisis, the primary focus was on the health impacts of COVID-19, and rightfully so. And while the economic impact never left our minds, recent data has now put the financial health of our country and our state on the front burner.
Gov. Phil Murphy on Saturday extended a host of deadlines required under the state’s environmental laws, including those related to certain permit decisions for development projects.