New Jersey Supreme Court Clarifies When Causes of Action for Construction Defects Accrue

Katharine A. Coffey, Paul J. Halasz, Christopher John Stracco and Catherine A. Nolan authored an article, "New Jersey Supreme Court Clarifies When Causes of Action for Construction Defects Accrue", which appeared in the Fall 2017 edition of the Real Estate Finance Journal, published by Thomson Reuters. The article discusses Palisades at Fort Lee Condo Ass'n v. 100 Palisade, LLC, a case involving a condominium project that was originally developed as a rental property. The New Jersey Supreme Court held that the statute of limitations for construction defects begins to run when any owner in the chain of title knew or should have known of the defects.