Commercial

Tornillo Port of Entry to Remain Open for Commercial Truck Traffic, Boosting Trade and Growth in the Region

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EL PASO, Texas – The commercial cargo lanes at the Marcelino Serna Port of Entry in Tornillo, Texas, will remain open for truck traffic indefinitely, according to El Paso County Judge Ricardo Samaniego. The decision by U.S. Customs and Border Protection to extend truck inspections beyond the March 31 deadline was communicated to local government officials and border industry stakeholders on Thursday. Samaniego shared this information with Border Report. Currently, only around 50 trucks cross the port each day, but the traffic volume is gradually increasing. The decision to keep the commercial lanes open was … Read more

Experienced Commercial Litigation Lawyer (2-4 PQE) Joins Forces to Navigate Complex Legal Battles – 16931/VTA

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Sydney, Australia – A law firm in Sydney is currently seeking a Commercial Litigation Lawyer with 2-4 years of experience. The firm, which specializes in handling complex litigation cases, is looking for a lawyer who can confidently handle legal disputes and provide expert advice to clients. The role of the Commercial Litigation Lawyer will involve managing a caseload of commercial litigation matters. This will include conducting legal research, drafting legal documents, and representing clients in court proceedings. The successful candidate will have strong analytical and communication skills, as well as the ability to work independently … Read more

New Jersey Liquor License Reform Fails to Fulfill Commercial Real Estate Advocates’ Expectations

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Trenton, New Jersey – New Jersey’s liquor license laws, known for being restrictive and expensive, underwent significant changes this week. Governor Phil Murphy signed legislation that increases the number of available liquor licenses statewide and allows for new licenses in municipalities with large malls. This move injects nearly 1,500 licenses into the market, marking the first major reform since the Prohibition era. Despite this change, some groups, including the state’s largest commercial real estate trade organization, argue that the new legislation falls short of what is needed to spur development. Craft breweries and distilleries have … Read more

Law Firm Leasing Surges in 2023, Signaling Potential Turnaround for Commercial Real Estate Market

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NEW YORK — Office leases in New York City were disappointingly small in 2023, signaling a slowdown in the commercial real estate market. While some deals were larger than in the previous year, they still fell short of the record-breaking leases seen in 2019. However, the market made a surprising recovery towards the end of the year, with several significant leases signed in December. The largest lease of 2023 was signed by the white shoe law firm Paul Weiss, who took 765,000 square feet at Fisher Brothers’ 1345 Avenue of the Americas. This lease seemed … Read more