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Lee & Associates New York City senior managing director Ben Tapper in an EXCLUSIVE GlobeSt.com article opines that the new state legislators will create challenges for property owners.
Should New Jersey CRE stakeholders conduct a Preliminary Assessment and/or a Phase I ESA for their due diligence? Understanding their nuances is key to transactions.
“We want to make fire safety a priority in New Jersey to prevent against the vulnerabilities of combustible materials that can allow fires to spread rapidly,” said NJ Senate President Steve Sweeney.
“I think this program is going to force capital that's been sitting on the sidelines to act and to get invested in some of the communities that need it the most across the country,” says Lindsay Sparacino, managing director of EJF Capital.