Monthly Archives: March 2014

O’Scanlon stunned by Assembly’s failure to act on arbitration law

WASHINGTON, D.C. - March 31, 2014 - (RealEstateRama) -- In response to the Assembly’s failure to act on the expiring arbitration cap, Assemblyman Declan O’Scanlon issued the following statement “It is quite frankly heart-breaking to me that the leadership of my house, all of whom are my friends, are leading New Jersey property taxpayers off a cliff.

Ciattarelli: Dem Arbitration Bill Would Wipe Out Property Tax Savings

WASHINGTON, D.C. - March 28, 2014 - (RealEstateRama) -- Assemblyman Jack Ciattarelli, R-Somerset, Hunterdon, Mercer and Middlesex, provided the remarks below regarding the Democrat’s alternate arbitration bill, A-3067, which was approved today during the General Assembly’s voting session

O’Scanlon Calls for Swift Action from Assembly to Resuscitate Interest Arbitration Cap

WASHINGTON, D.C. - March 28, 2014 - (RealEstateRama) -- Assembly Republican Budget Officer Declan O’Scanlon, R-Monmouth, issued the following statement after the Senate voted overwhelmingly to concur with Governor Christie’s conditional veto of A-3067, extending the interest arbitration cap through the end of 2017

Mayor Smith Introduces Zero Tax Increase Budget for 2014

WASHINGTON, D.C. - March 24, 2014 - (RealEstateRama) -- Mayor Mark A. Smith announced that the introduced 2014 municipal budget contains no increase in the municipal property tax levy. Mayor Smith said, “My Administration has worked hard for more than five years to streamline local government and to get municipal spending under control. We reduced the number of municipal departments from nine to four. We reduced total municipal debt by over 40%, and ended the practice of bonding for current expenditures.” Mayor Smith continued, “Over the past five years we have slowed the growth of municipal spending and this year, we have stabilized the municipal tax levy despite cuts in state aid, increased pension costs and increases in snow costs during the winter that just ended.

41,000 SF Medical Office Building Trades Hands in Mountainside, N.J.

MOUNTAINSIDE, N.J. - March 21, 2014 - (RealEstateRama) -- Lee & Associates, the largest broker-owned commercial real estate firm in the country, has arranged the sale of 1450 Route 22 West, in Mountainside, N.J., a 41,531-square-foot medical office building (MOB) for $8.45 million ($203 per square foot).

Middlesex County Man Pleads Guilty to Receiving More Than $50,000 Worth of Stolen Property...

TRENTON - March 12, 2014 - (RealEstateRama) -- Acting Attorney General John J. Hoffman announced that a Middlesex County man pleaded guilty today to receiving more than $50,000 worth of stolen property, which he subsequently sold on Craigslist.com.

Pallone Announces Temporary Housing Assistance Extension for Sandy Victims

WASHINGTON, DC - March 12, 2014 - (RealEstateRama) -- Today, Congressman Frank Pallone, Jr. (NJ-06) announced that the Federal Emergency Management Agency (FEMA) will extend the state of New Jersey’s request for temporary housing assistance for residents impacted by Superstorm Sandy for an additional three months. Temporary housing assistance from FEMA automatically expires eighteen months from the original date of a major disaster declaration. Congressman Pallone had originally asked that FEMA extend assistance for an additional six months.

Popular Government & Nonprofit Press Releases

Lautenberg Announces Millions in New Funding for Housing in New Jersey

WASHINGTON, D.C. - March 18, 2009 - (RealEstateRama) — Today, Senator Frank R. Lautenberg (D-NJ) announced millions of dollars in new funding for New Jersey’s public housing authorities to rehabilitate and modernize public housing units in New Jersey. The capital improvement money was included in the American Recovery and Reinvestment Act signed into law by President Obama.

Recent Government & Nonprofit Press Releases

Norcross Announces $200K+ for Affordable Housing in Camden

U.S. Congressman Donald Norcross (NJ-01) today announced that Saint Joseph’s Carpenter Society will receive $207,500 in federal funding from the U.S. Department of Housing and Urban Development’s (HUD) NeighborWorks America program to help provide affordable housing in Camden.