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The purpose of this monthly series Patently Enabled is to share simplified patent-related information to assist non-patent practitioners in making the best decisions when considering their intellectual property rights.
On March 6, the Superior Court of New Jersey, Appellate Division, issued a published opinion upholding a trial court ruling in favor of the City of Long Branch (the City), affirming the legality of a redevelopment plan amendment and a $2 million payment made by the redeveloper to the City, as part of a redevelopment agreement. The decision in Blackridge Realty, Inc. v. City of Long Branch, A-1400-23, 2025 WL 715100 (N.J. Super. Ct. App. Div. Mar. 6, 2025) reinforces that municipalities have broad discretion under the Local Redevelopment and Housing Law (“LRHL”) to negotiate payments with redevelopers without a direct connection between the payment and the specific redevelopment project.
Day Pitney Miami Partner and Chair of the firm’s Florida Real Estate Practice Daniel Diaz Leyva recently authored an article for Law360 titled, “How The CRE Industry Is Adapting To Tariff Uncertainty.”
On Friday, March 21, the Financial Crimes Enforcement Network (FinCEN) issued an alert announcing the adoption of an interim final rule regarding the Corporate Transparency Act (CTA) that reduces the coverage of the CTA to only foreign reporting companies and non-U.S. persons who are beneficial owners of foreign reporting companies.