“You have a situation where the board made a commitment to the shareholders and adopted a policy in response to the clear majority of the shareholders. Now, they're turning their back on that and with impunity just disregarding it.”
“We're seeing continued development in New Jersey's urban centers in response to an ever-increasing demand for luxury residences near mass transportation. Mixed-use development is the byword… People want retail shops and services at their doorstep; they'd like to be able to walk rather than drive.”
“The consensus thinking here was, with the decision, there would be a reaction in the marketplace. We understood the repercussions that this would involve. The consensus opinion was that this decision would get noticed.”
