A new luxury residential building is going up in Hoboken after the New Jersey project secured a $64 million construction loan from Bank OZK. Called the Wonder Lofts, the project is being organized by real estate investors including Angelo Gordon, Prism Capital...
Month: September 2018
Construction liens and subcontractors
Perhaps you are a subcontractor, and another business hired you to replace the sheet-rock in a commercial building in New Jersey. Although you completed all required work listed in your original contract, you fail to receive payment from your partner company. To...
When will subcontractors be liable for construction defects?
If you are working as a subcontractor in the construction industry in New Jersey, it is likely that at some point in time you will deal with a construction defect claim from a homeowner. These cases occur when a homeowner finds a defect within the construction of...
Know the seven most common types of construction defects
Construction defects can be a nightmare for construction firms, contractors and property owners. Whether the defect was the result of deficient materials, substandard work quality or deviating from architectural plans, multiple parties must usually spend significant...
Valve manufacturer wins LNG contract in New Jersey
News sources report that U.K. manufacturer P.J. Valves has landed a contract for a liquified natural gas contract in New Jersey. The manufacturer will be responsible for building and delivering a number of different types of specialized valves to a major engineering...