It’s here: Preparing for the upcoming recreational cannabis haze and craze

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.

JDA Group acquires Starbucks, Bank of America property in Fort Lee

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?

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.

MSW adds two associates to commercial real estate team

Murphy Schiller & Wilkes LLP has hired two new associates as the latest additions to its growing team of commercial real estate attorneys.

Murphy Schiller & Wilkes LLP

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?

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.

Iron Ore, AMJ eye start of 120-unit rental project in Plainfield after site acquisition

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.

Florham Park headquarters, life sciences building sold for $47 million

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.

MSW announces new hires in litigation, land use groups

Murphy Schiller & Wilkes LLP has expanded its litigation and land use practice groups with its two latest additions.

Petrucci sells 96,000 sq. ft. industrial building in Logan Township

J.G. Petrucci Co. Inc. has sold a nearly 96,000-square-foot industrial building in Gloucester County to a global developer of ergonomic products.