George Kroculick

George Kroculick

Duane Morris LLP

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New Jersey Tax Sale Law Gives Purchaser of a Tax Sale Certificate a Tax Lien on the Underlying Property

The New Jersey Supreme Court, in In re: Princeton Office Park, L.P. v. Plymouth Park Tax Services, LLC, determined that under the Tax Sale Law, N.J.S.A. §§ 54:5-1 to -137, a purchaser of a tax sale certificate acquires a tax...more

6/30/2014 - Auction Commercial Bankruptcy Foreclosure Municipalities Tax Liens Tax Sale

New Jersey Prepayment Law Does Not Apply to Individual Guarantors of a Commercial Loan

The New Jersey Superior Court, in Lopresti v. Wells Fargo Bank, N.A., determined that the New Jersey Prepayment Law, N.J.S.A. § 46:10B-1, does not apply to individual guarantors who had guaranteed a commercial loan. There,...more

6/27/2014 - Commercial Loans Guarantors Mortgages Prepayment Penalties

Philadelphia Creates Land Bank for City to Sell and Purchase Vacant Property

On January 13, 2014, Philadelphia Mayor Michael Nutter signed into law Bill No. 130156-A, creating a municipal land bank for the city. With this law, Philadelphia became the largest U.S. city to adopt a land bank and joins...more

1/16/2014 - Land Bank Urban Planning & Development

Pennsylvania Supreme Court Weighs in on Amendments to Pa. Oil and Gas Act

In a recent decision, the Pennsylvania Supreme Court held as unconstitutional several provisions in Act 13, which, in part, amended Pennsylvania's Oil and Gas Act to permit oil and gas operations in all zoning districts....more

12/24/2013 - Energy Exploration Mineral Exploration Mineral Extraction Natural Gas Natural Resources Oil & Gas Power Plants Resource Extraction Waste Disposal Wastewater

Philadelphia's Energy Benchmarking Deadline Will Be at Your Doorstep This Halloween

For owners of commercial buildings of 50,000 square feet or more in the city of Philadelphia, chances are the time has come to address the city's new energy and water use benchmarking law. Energy benchmarking refers to a...more

10/10/2013 - Benchmarks Building Standards Commercial Property Owners Energy Efficiency ENERGY STAR Program

The Americans with Disabilities Act’s ATM Standards - What Store Owners Need to Know

Since the March 2012 effective date of the new Americans with Disabilities Act (ADA) standards regulating automated teller machines (ATM), it is estimated that plaintiffs have filed over 100 class action lawsuits in federal...more

9/24/2013 - Accessibility Rules ADA ATMs

New Jersey Enacts Statutory Reforms to Eminent Domain Powers Under Local Redevelopment and Housing Law

New Jersey Governor Chris Christie recently signed into law A-3615 (the "Act"), which codifies recent New Jersey court holdings providing the state's property owners with greater procedural protections from eminent domain...more

9/12/2013 - Chris Christie Eminent Domain Housing Market Municipalities New Legislation Redevelopment

Understanding the Basics of Philadelphia's New Actual Value Initiative

Originally published in The Legal Intelligencer on March 27, 2013. The city of Philadelphia's new property tax program is coming and your assessment is likely going up, but it is not all bad news. Still, commercial...more

3/28/2013 - Actual Value Initiative Property Tax Tax Assessment

N.J. Superior Court Finds That Condemning Authority Is Not Required to Negotiate with Mortgagee Prior to Initiation of Eminent...

In a recent decision, the Appellate Division of the Superior Court of New Jersey has held that New Jersey law does not require a condemning authority to negotiate with a mortgagee, which has obtained a final judgment of...more

2/21/2013 - Condemnation Condemnation Clauses Eminent Domain Foreclosure Mortgagee Mortgages

Revised Common Level Ratio for Philadelphia May Entitle Certain Taxpayers to a Refund

A recent change may affect the parties to certain real estate transactions with respect to property located in Philadelphia County, Pennsylvania, that took place on or after July 1, 2012....more

2/20/2013 - Common Level Ratio Fair Market Value Property Tax Property Valuation State Tax Equalization Boards Tax Refunds

Ready or Not, Here It Comes: Philadelphia's Actual Value Initiative Assessments Are in the Mail

Today, the Philadelphia Office of Property Assessment (OPA) begins mailing out the new "Actual Value Initiative" (AVI) reassessment figures to every property owner within the city. The new assessments are intended to reflect...more

2/15/2013 - Actual Value Initiative Appeals Office of Property Assessment Property Tax Reassessments Tax Assessment

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