New Jersey residents might be interested in learning that the Mario M. Cuomo Bridge, which was formerly known as the Tappan Zee Bridge, may have been constructed with defective steel bolts. The New York Attorney General is reportedly investigating claims of a coverup...
Year: 2018
Should I get a single-closing loan, or multiple loans?
Expensive construction projects frequently require loans. Before you begin your endeavor, you must carefully consider which construction loan options best suit your needs. Typically, you have two options: use a single-closing loan, or two separate loans. Each option...
Overview of construction defects and recoverable damages
Purchasing a home or commercial building in New Jersey represents a substantial investment. Therefore, shoddy construction or defective materials could result in serious financial consequences. The cost often prompts homeowners or homeowners' associations to pursue...
Construction contract dispute resolution options
Disputes related to construction contracts or projects in New Jersey might arise because of a lack of understanding of the contract's conditions, a failure to properly administer the terms of the contract or for a range of other reasons. No matter what causes them,...
New Jersey construction projects on the rise
Construction in New Jersey is on the rise, according to state reports. Among some of the major projects currently underway in Trenton are a new tax agency building, a new health care project and renovations in the State House. The latter project is a significant,...
Dealing with a zoning violation ordinance
Whether you're building a house or a business in Maryland, there are several different codes, regulations and statutes that you may need to consider before laying down your foundation. However, construction codes can often be confusing and difficult to navigate. You...
Understanding the Right to Rescind in construction contracts
Construction can be a difficult thing to get the timing down for. You have a lot of moving pieces coming together, and any snag can throw a job’s progress off by weeks or months. The costs associated with construction jobs means that contracts need to be...
Construction contract payment terms vary
In New Jersey building projects, the construction contract is a binding agreement between the builder and the owner. This contract is designed to control how the job will be performed and how the builder will be compensated. The type of construction contract involved...
Construction underway at New Providence’s first craft brewery
Craft beer enthusiasts in the New Jersey borough of New Providence won't have far to travel to quench their thirst when a new brewery and tasting room opens. Consisting of a husband and wife and their cousin, the team behind the independently owned company plans to...
Hoboken luxury development receives funding
A new luxury residential building is going up in Hoboken after the New Jersey project secured a $64 million construction loan from Bank OZK. Called the Wonder Lofts, the project is being organized by real estate investors including Angelo Gordon, Prism Capital...