It is anticipated that state regulators will unveil the application process at any time within the next several weeks in order to commence the processing and issuance of recreational cannabis licenses in New Jersey. Thus, there is considerable excitement amongst real estate operators and potential cannabis businesses for the inevitable rapid and (likely) significant growth of the cannabis industry in New Jersey in the coming months and years. Notwithstanding such, as cannabis businesses will be highly regulated at both the state and local level (and remain illegal under federal law), it is critical that property owners and business owners fully evaluate the many regulatory, zoning, operational, and financing challenges associated with utilizing properties for cannabis uses.
A developer and investment firm has acquired the site of a Starbucks and bank kiosk property in Fort Lee, marking an expansion into the Bergen County retail sector.
What challenges do New Jersey’s cities and downtowns face coming out of the pandemic? We assembled a panel of industry experts to tackle this month’s question.
Murphy Schiller & Wilkes LLP has hired two new associates as the latest additions to its growing team of commercial real estate attorneys.
MSW represents a wide range of clients, including major national and international developers, national and local lending institutions, institutional investors, family offices, landlord and tenants and other owners and developers of real property. Our boutique nature and multidisciplinary model has allowed the firm to represent a diverse array of clientele, from the largest real estate development and private equity firms in the country to smaller family offices based in New Jersey.
How has the commercial real estate lending landscape changed from earlier in the pandemic? We assembled a panel of industry experts to tackle this month’s question.
A joint venture is nearing the start of construction for a new 120-unit apartment building in Plainfield, in a project that will redevelop the site of a blighted industrial property.
An investment firm has sold a corporate headquarters and life sciences building in Florham Park for nearly $47 million, under a transaction announced Wednesday by CBRE.
Murphy Schiller & Wilkes LLP has expanded its litigation and land use practice groups with its two latest additions.