New Attorney

Bogdan Kachur, an associate in Winne Banta’s Litigation Department, recently joined the firm and focuses his practice on complex commercial matters as well as cases involving commercial real estate, employment issues, trust and estates, corporate dissolution, intellectual property and disputes regarding interpretation and implantations of contractual provisions.

Jason P. Capizzi closes note financing for the Township of Weehawken

Jason P. Capizzi serves as Bond Counsel to the Township of Weehawken.  The Township successfully issued a $380,000 Special Emergency Note dated November 13, 2018 to Amboy Bank.  The Note bears interest at the rate of 2.00% per annum payable at maturity on November 13, 2019.  The Note proceeds will be used to refund $80,000 of a $120,000 Special Emergency Note (less $40,000 pursuant to a budget appropriation) that matures on November 14, 2018; and to refund $300,000 of a $400,000 Special Emergency Note (less $100,000 pursuant to a budget appropriation) that matures on November 14, 2018.

Best Law Firms

U.S. News & World Report and Best Lawyers announced the 8th edition of the Best Law Firms rankings, which they base on a rigorous evaluation process.  Once again, Winne Banta Basralian & Kahn was included in the top ranks of New Jersey law firms in four areas of practice:  Commercial Litigation, Litigation – Real Estate, Real Estate Law and Litigation – Labor & Employment.

Jason P. Capizzi closes note financing for The North Hudson Sewerage Authority

Jason P. Capizzi serves as Bond Counsel to The North Hudson Sewerage Authority.  The Authority successfully issued a $6,000,000 Project Note to the New Jersey Infrastructure Bank dated October 25, 2018.  The Note bears interest at the rate of 0.00% per annum payable at maturity on June 30, 2020.  The Note proceeds will be used to temporarily finance the Authority’s CSO Long Term Control Plan.

Jason P. Capizzi closes note financing for The North Hudson Sewerage Authority

Jason P. Capizzi serves as Bond Counsel to The North Hudson Sewerage Authority.  The Authority successfully issued a $17,500,000 Project Note to the New Jersey Infrastructure Bank dated October 25, 2018.  The Note bears interest at the rate of 0.00% per annum payable at maturity on June 30, 2022.  The Note proceeds will be used to temporarily finance the Authority’s Adams Street PURAC – Phase 3 Improvements.

Jason P. Capizzi closes note financing for the Township of Logan

Jason P. Capizzi serves as Bond Counsel to the Township of Logan.  The Township successfully issued a $3,352,000 Bond Anticipation Note dated October 22, 2018 to TD Securities (USA) LLC.  The Note bears interest at the rate of 3.50% per annum payable at maturity on October 23, 2019.  The Note proceeds will be used to refund $3,352,000 of a $3,976,250 Bond Anticipation Note (less $624,250 pursuant to a budget appropriation) that matures on October 23, 2018.

Jason P. Capizzi closes note financing for the Township of Weehawken

Jason P. Capizzi serves as Bond Counsel to the Township of Weehawken.  The Township successfully issued $8,620,000 Notes consisting of a $6,756,000 Bond Anticipation Note, Series 2018C-1A and a $1,864,000 Tax Appeal Refunding Note, Series 2018 C-1B dated October 4, 2018 to the Hudson County Improvement Authority.  The Notes bear interest at the rate of 3.00% per annum payable at maturity on October 3, 2019.  The Note proceeds will be used to refund $6,756,000 of a $7,043,000 Bond Anticipation Note (less $287,000 pursuant to a budget appropriation) that matures on October 18, 2018; and to refund $1,864,000 of a $2,176,000 Tax Appeal Refunding Note (less $312,000 pursuant to a budget appropriation) that matures on October 18, 2018.

Building Bergen: Women in Charge

Winne Banta sponsored the sixth in our Building Bergen series, on October 23 —  Women in Charge:  Challenges Faced by Women-Owned Businesses in Bergen County.  Watch out for news about our next Building Bergen program, in Spring 2019, focusing on health care in Bergen County. Click Here to RSVP

Waypoint Residential

Winne Banta’s Khoren Bandazian represented Waypoint Residential, a Boca Raton, FL-based developer, in the acquisition from Holman Realty Associates of the property located at 437-439 Main Street and 445-451 Main Street, in Hackensack, for a combined $7.45 million.  Waypoint plans to redevelop the properties into four stories of apartments over podium parking.  The project will be Waypoint’s first midrise multifamily development in New Jersey.  It is located within Hackensack’s special improvement district in the city’s up-and-coming downtown redevelopment zone.  The project, known as Walcott Hackensack, will consist of 235 luxury units and is located two blocks from NJ Transit’s Anderson Street rail station.

Hackensack Development Summit

Khoren Bandazian will be the moderator of the 1st Annual Hackensack Development Summit, on September 20, sponsored by the Hackensack Main Street Business Alliance.