FOR TWO decades, Passaic's tallest building has also been its emptiest. The Bank Tower at 663 Main Ave., an 11-story Art Deco structure that dominates the city's modest downtown, once housed law firms and medical offices. But as their numbers dwindled, its owner opted to shutter the asbestos-ridden building rather than invest in sorely needed upgrades. It soon became an expensive eyesore, and the city stepped in. Passaic took a big risk on the tower, spending $4.4 million in Urban Enterprise Zone funds to acquire it through eminent domain and make long-overdue renovations, in the hopes of attracting a buyer.
A 35,000-square-foot office building at 1000 Franklin Ave. in Garden City was acquired by Bethpage-based Steel Equities for about $6.5 million. The building on the corner of Franklin and 10th Street houses law firms, medical practices, and financial services tenants.
The retirement gala generated accolades such as "gifted," "visionary," "articulate" "outstanding leader" and "empowering teacher" from politician's, colleagues, students and friends in speeches, plaques, and proclamations. On hand at this energized event of speeches and musical tributes were the civic and professional organizations such as the National Coalition of 100 Black Women, Los Angeles World Affairs Council, the International Consultants of Blackbird International, the Academy of Political Science, the American Association of University Professors, The Board of Directors of the Mayors Council on Sister Cities & International Visitors, Afrique Historie, an International Publication; Pepperdine University, Educational Services, Black Women's Forum, medical and law firms and a ...
Eric D. Wisler, the cancer-stricken former managing partner at one of the state's most powerful law firms, has been granted a three- month medical continuance in a federal bribery case involving the failed $1 billion EnCap landfill-to-links development in the Meadowlands. S. District Judge Faith S. Hochberg signed an order last week directing Wisler to disclose to the government and its medical adviser by April 5 "the results of any further scans or evaluations of the defendant's medical condition or changes to the drugs and narcotics prescribed" to him.
In this Article I examine “medical tourism”—the travel of patients who are residents of one country to another country for medical treatment—which is fast becoming a multi-billion dollar industry. To date, the primary U.S. medical tourists appear to have been uninsured or underinsured Americans seeking substantial cost savings by traveling to less developed countries for care. More recently, state governments, self-insured firms, Fortune 500 companies, and domestic insurers have begun attempts to get their insured populations to use medical tourism as well by requiring it or giving incentives for its use (what I call “insurer-prompted medical tourism”). There is, however, a dark side to the growth of this industry. In this Article I set out...
To combat growing vacancy rates at North Jersey's office and industrial buildings, some brokers and architects are splicing leases into smaller blocs, shifting the focus away from large corporations to users such as law firms and medical businesses less affected by the economic malaise. Across North Jersey, brokers are offering spaces as small as 4,500 square feet within large Class A buildings that were often recently homes to one major tenant. Rapidly growing vacancy rates are behind this trend: 17.5 percent of the Class A office space in Bergen and Passaic counties is vacant, up from 10.1 percent three years ago.
The CSBJ caught up with Mike Smith of Matterhorn Development LLC this week. His investor group, Sovereign Capital, was the highest bidder on the Old Alamo building, a historic turn-of-the-century hotel that is home to a number of law firms, and medical and professional service businesses. The property sold for $5.7 million this spring and includes about 10,000 square feet on each of five floors.
Hackensack University Medical Center has retained two leading international law firms to review its governance policies, officials confirmed Wednesday. The hospital hired Skadden, Arps, Slate, Meagher & Flom, as well as Clifford Chance, following the federal conviction of former state Sen. Joseph Coniglio on one count of extortion and five counts of mail fraud this month.
It is perhaps rare for the American Bar Association and the American Medical Association to agree -- but both groups say that Federal Trade Commission regulations to prevent identity theft should not apply to them. On Aug. 1, creditors will be required to implement specific policies guarding against identity theft. In addition to traditional creditors, the rule covers a broad range of entities that bill clients after services have been provided -- including law firms and medical offices.
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