It was a reminder of Newark’s allure as a destination for those who see the value of its workforce, transit access and deep network of anchor institutions. Capturing that upside is far more complicated, according to panelists who explained why and how developers, investors and other stakeholders are making deals work in the city.
Ruling on poor workmanship gives certainty to contractors
There is no shortage of pitfalls that developers and general contractors can face in New Jersey, but it looks as though one longtime source of angst may be gone for good. Late this summer, the state Supreme Court ruled that faulty work by subcontractors can be covered under a general contractor’s insurance policy.