When looking at real estate trends, and especially the demographic-based fundamentals that underpin real estate values, we have seen a lot of change in very little time. The pandemic has shifted the labor market expectations of homeowners and renters alike, adjusting where developers are focused and, because no two jurisdictions are alike, impacting the way
Real Estate
Vaccine Mandate Puts Enforcement on NYC Employers
By Aaron S. Brotman & Brian L. Gardner on
Posted in Construction Litigation, New Rules and Legislation
A universal vaccine mandate comes to New York employers courtesy of New York City’s Department of Health and Mental Hygiene.
Compliance in Your Office
Effective this week, in accordance with the Commissioner of the New York City Department of Health and Mental Hygiene’s December 13, 2021 Order, all private employers with employees or workplaces…
New York Significantly Expands Application of Prevailing Wage Requirements
By Bradley P. Pollina & Madeline Stein on
Posted in New Rules and Legislation
On January 1, 2022, an expansion of prevailing wage law in New York will become effective. The new law will significantly increase the universe of construction projects subject to prevailing wage requirements.
In brief, when a project is subject to prevailing wage requirements, workers must be paid set hourly wage rates and hourly benefit amounts…
New York Wage Theft Law Promises Major Change for Contractors
By Jason R. Finkelstein & Aaron S. Brotman on
Posted in Construction, Real Estate
New York’s new wage theft law – expected to have a major impact on the construction industry state-wide – goes into effect on January 4, 2022 and will apply to contracts executed, modified, extended, or renewed from that date forward. Most notably, the law will impose (a) greater liability risk on prime contractors, and (b)…
New Jersey Development Incentives Making a Comeback
By Aaron S. Brotman on
Posted in New Rules and Legislation, Real Estate
Development incentives are nothing new in New Jersey. In fact, they have been part of the state’s process for attracting businesses for many years. However, when the 2013 Economic Opportunity Act was allowed to expire in July of 2019, no such programs were available for businesses moving to the state. Many were left wondering what,…