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Katharine Coffey and Christopher Stracco, both partners at Day Pitney, were quoted by Law360 in the article, "Virus Creates Opening For Office Market In NJ Suburbs." The article discusses how although COVID-19 has cast dark clouds over the economy, there is a glimmer of hope for New Jersey's office market. Employees are more fearful of taking mass transits, and as a result, coronavirus has made businesses take a look beyond crowded New York City and into a more suburban office space. This has the potential to give a big boost to a struggling market that has seen tremendous vacancies. At the same time, the coronavirus has also made working from home a more palatable option for employers in the last six months. There is still much to consider as companies readjust their business plans to determine final impact on the NJ suburban commercial real estate market.
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Day Pitney Alert
The ABA recently published the 25th Edition of The Property Tax Deskbook.
On November 18, the Morris County Bar Association will hold their 2020 Legalpalooza.
Christopher Stracco and Katharine Coffey co-authored article, "COVID-19 and Its Impact on Real Estate," for the Real Estate Finance Journal.
Day Pitney Advisory
Adam Myron, senior counsel resident in Day Pitney's West Palm Beach office, is running for judge in south Florida.
Joshua Cohen was quoted in the American Bar Association Journal, the online publication for the American Bar Association.
On July 15, the New Jersey Supreme Court issued its much awaited decision in Christian Mission John 3:16 v. Passaic City. The court granted certification on an appeal from the Appellate Division, which affirmed a decision of the Tax Court rejecting a property tax exemption for a church in the City of Passaic.
Craig Gianetti authored a piece for Real Estate NJ 's"2021 Market Forecast."