Did you know that:

A New Jersey appeals court recently held that a commercial property owner may be found liable to a customer who sustained injury when she slipped on ice in a parking lot on adjoining property for negligently failing to warn the customer either that there was a dangerous condition (ice) on the adjoining property or to direct the customer to park elsewhere.

A federal court in New Jersey recently ruled that a party that has obtained a judgment against 1 spouse may attach a bank account held jointly by both spouses without first determining how much of the money on deposit belongs to the debtor spouse, without running afoul of the federal Fair Debt Collection Practices Act or a similar New Jersey statute.

A landlord of commercial property in New Jersey may repossess premises by peaceful means for non-payment of rent or other material breach of the lease that is not cured within the cure period established in the lease, without further notice to the tenant.

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Recently Completed Transactions

Purchase at auction of defaulted mortgage loan;
Settlement of litigation upholding client’s right to purchase shopping center and holding seller responsible for cleaning up environmental problems;
Refinance of more than $10 million mortgage debt involving 5 shopping centers;
Long-term retail leases with several national tenants;
Structured 1031 exchange between different clients that creates potential to defer payment of taxes on substantial capital gains, while avoiding recognition of ordinary income.

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