WILL THE NJ RULE AFFECT EMINENT DOMAINNATIONALLY?
Jim Ettelson is a partner in the corporate andreal estate practice of Thorp, Reed & Armstrong. He is based inPhiladelphia.
The bulk (57%) of respondents to last week's Feedback Polldon't like the scent in the wind since New Jersey's recent rulinglimiting eminent domain. As Eric Peterson reported,the Court drew the line at takings because a parcel was"underutilized." While the majority is convinced that, as thequestion was posed, the industry will pay in the long run, 43%believe it's an isolated incident. Commentator Ettelson doesn't buyinto that theory. He says there's going to be dialog on a nationalbasis--and the ruling could help both sides of the issue. Here'swhy:
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John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
