Welcome to the New Jersey Chapter of NAIOP, the commercial real estate development association.         
 

What's New at NAIOP New Jersey

Ignorance could cost you up to $25,000 per violation! 
"Mandatory LSRP Update & Roundtables with Industry Experts"
As of May 2012, all site remediation cases (except unregulated heating oil tanks) will require an LSRP (Licensed Site remediation professional). The NJDEP estimates that there are over 6,000 cases which have NOT designated an LSRP.  Since there are only 515 LSRPs at last count, the Gold Rush is about to begin! Even before that, we are rapidly approaching the Mandatory Timeframes for certain types of remedial issues or requirements.  This is an ABSOLUTE deadline set for March 1, 2012 and pertains to ALL sites, not just those who have "opted in" to the LSRP program prior to the May 2012 deadline."

Our February 17 Seminar will feature a general session with some of top site remediation consultants in New Jersey, followed by the opportunity to participate in several small-group Roundtables with Industry Experts on topics including Post-Remediation Site Care, LSRP in More Detail, an Update on Insurance and Retirement & Estate Planning and more. This program has applied for CEUs Register Now
 
Action in Trenton & Policy News

WQMP Legislation Signed

On January 17 Gov. Chris Christie signed critical Water Quality Management Planning legislation. 

 

The WQMP legislation is necessary to provide some certainty and relief to property owners and the public in this period of very slow economic recovery. The WQMP legislation will maintain sewer service areas, protect financial investments in infrastructure, uphold environmental standards and restore certainty to landowners and towns, as a comprehensive statewide approach to the treatment of wastewater is thoughtfully developed and implemented. Read the WQMP Legislation as passed.


Public Hearings Scheduled on State Strategic Plan 

The State Planning Commission has scheduled a series of public hearings on the Christie Administration's State Strategic Plan. Find the schedule and locations here.


"Grow New Jersey" is Law

On January 6, Governor Christie signed the Grow New Jersey Incentive bill.  The program will provide up to $50,000 per new or retained full-time job, with a possible bonus award of up to $30,000 per job, for a total stipend of up to $80,000 per job. To qualify, a business must: make at least $20 million in capital investment at the business facility, which may include site preparation, machinery, equipment & furnishings as well as any "acquired" capital investment made by the former owner (if facility is purchased) or by the landlord (if facility is leased); and employ at least 100 new or retained (existing in NJ) full-time employees at the business facility. Other conditions apply (read the bill). Learn more about Grow New Jersey and the future of incentive programs at our March Public Policy Symposium (details and date to be announced soon).


Site Remediation Surprises 

Most people who are involved with remediating contaminated properties in New Jersey have heard something about the “new” Licensed Site Remediation (LSRP) program.  The program, arising out of the 2009 Site Remediation Reform Act, completely restructures how contaminated sites will be remediated.  The key component of the new program is the “Licensed Site Remediation Professional”, an individual licensed by the State to perform remedial site work and closeout of sites without requiring the approval of the NJDEP.  This will allow sites to move more efficiently through the site remediation process by investing the LSRP with significant decision making authority without the oversight or approval of the NJDEP!  There are many advantages in the law which will result in more efficient, cost effective cleanups.

As profound as this program is, it is thought that many remediating parties are still not aware of some of the very significant mandates embedded in the law and how it bears on them.  For instance, irrespective of when a remediation started, as of May 2012, ALL site remediation cases (except unregulated heating oil tanks) will require that an LSRP be employed to direct and implement the remediation of contaminated properties.  This is an absolute requirement.  The NJDEP estimates that there are over 6,000 cases which have not designated an LSRP.  Since there are only 515 LSRPs at last count, the Gold Rush is about to begin!

Another issue flying under the radar screen is the rapidly approaching Mandatory Timeframes for certain types of remedial issues or requirements.  Again, this is an ABSOLUTE deadline set for March 1, 2012 and pertains to ALL sites, not just those who have “opted in” to the LSRP program prior to the May 2012 deadline.  Read the entire article by By Jorge Berkowitz, Ph.D., LSRP, Senior Associate and Vice President Langan Engineering & Environmental Services. Learn more from Jorge and a group of experts at the February 17 LSRP Update & Roundtables with Industry Experts.  Register

New ADA Standards Will be in Force March 15

After March 15, 2012, new construction and alterations are required to comply with the 2010 ADA Standards. BOMA's new Guide to the 2010 ADA Standards contains the information you need to be in compliance with the new regulations. 

.
Read more in our Weekly Update.  


 

Dates to Remember
  • February 17 LSRP Update & Roundtables with Industry Experts: CEUs Pending
  • March 7 Public Policy Symposium
  • May 17, 2012 The 25th Annual Commercial Real Estate Awards Gala, The Palace at Somerset Park
  • June 14 & 15 2012 NAIOP and NAIOP NJ host I.con The Industrial Conference for Commercial Real Estate, Hyatt Regency Jersey City About I.con
  • September 24 2012 NAIOP NJ Golf Classic, Trump National Golf Club


Recent Newsletters
December 28 Government Affairs News
December 15 Chapter News




Upcoming events

17 Feb 2012 7:45 AM • NJ Law Center (NJ ICLE), New Brunswick
07 Mar 2012 7:45 AM • East Brunswick Hilton

Gala News
Deal of the Year Deadline is 2/17

The deadline for entries for the highly coveted Deal of the Year awards is Friday, February 17. For eligibility and entry, click here

And the Honorees are...
Click here to see the recipients of the 25th Annual Commercial Real Estate awards. The Members-only Gala Ticket Presale begins January 31!


Continuing Education

Did you know that the New Jersey Real Estate Commission now requires individuals licensed as real estate brokers, broker-salespersons and salespersons to complete continuing education requirements as a condition of biennial license renewal? Twelve (12) credit hours of Mandatory Continuing Education (MCE) are required for renewal on July 1, 2013 and each biennial renewal thereafter. 

NAIOP NJ is offering CEUs for many professions (Brokers, Attorneys, Planners, Accountants, Engineers) at programs throughout the year. Requirements are different for each profession. Click here to read more about CEUs on our new Continuing Education web pages, including an FAQ page. 

Looking for a Broker, Engineer or Solar Consultant?
It's good business to do business with your fellow NAIOP NJ members! Log in for access to our exclusive New Jersey Chapter Member Directory and find the professionals you need.



Legal Action Guidelines
Chapter Members and outside parties who want to request that the New Jersey Chapter take legal action must now follow guidelines and procedures prepared by our Legal Action Committee. Read more.
Chapter Membership at All-time High: Welcome to Our Newest Members 
  • Sun Farm Network, TD Bank and Wiss & Company LLP are our newest Corporate Members.
  • Robert Bryant, Sun Farm Network
  • Pam Frank, Sun Farm Network
  • Jermaine Suggs, Sun Farm Network
  • Joseph Zagari, Student
  • Laurence Casey, Cassidy Turley
  • Stan Kurzweil, Cassidy Turley
  • Grayson Murray, Bohler Engineering
  • Michael Flett, Flett Exchange
  • Burton Jaffe, Fox Rothschild LLP
  • Mitchell Katz, Newmark Knight Frank
  • Andrea Kelliher, Mercadien Technologies
  • Alex Previdi, Cassidy Turley
  • Monica Thatcher, Maser Consulting PA
  • Jordan Shea, TD Bank
  • Mark Santasieri, TD Bank
  • Roy Chin, TD Bank
  • Ken Oettinger, H& C Metals, Inc.
  • Lisa Fisher, Paulus Sokolowski & Sartor
  • Dani El-Haj, Two River Community Bank
  • Marc Lebovitz, Woodmont Industrial Partners
  • Joseph Ottaiano, Wiss & Company LLP
  • Alex Narcise, Wiss & Company LLP
  • Christian Szegda, Sovereign Bank

  • Not a member? Join now!

 
Join Our Groups

LINKEDINlogo_119x32.gif        

5u84f48n.gif

Photography on this website by Gary Gellman/Gellman Images; Mark Cap; Caryl Communications; and the NAIOP New Jersey staff. Website Content generated by NAIOP New Jersey staff is copyright NAIOP NJ Chapter. Do not distribute or reproduce without permission.

Click here for terms of use of this website.



2012 Media Sponsor

Learn about our Media Resources 

  
 
 
                                                              It's Good Business to Do Business with NAIOP New Jersey Members