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Parker McCay Blog
Posts from January 2016.
January 29, 2016
Conducting Environmental Due Diligence in New Jersey: Is Obtaining both a Phase I and a Preliminary Assessment Necessary?

There still appears to be some confusion as to whether environmental due diligence for the acquisition of New Jersey commercial or industrial property requires conducting a Phase I Environmental Site Assessment, a Preliminary Assessment, or both.

January 25, 2016
Update to Nonprofit Hospitals’ Tax Status Case

In July, we updated you on the controversial New Jersey Tax Court decision AHS Hospital Corp. d/b/a Morristown Memorial Hospital v. Town of Morristown, which revoked the tax-exempt status of the nonprofit hospital. On January 19, 2016, Governor Chris Christie pocket vetoed an attempt at legislative intervention. Many are now speculating that the state may be in for a wave of litigation.

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