The tragic partial collapse and subsequent demolition of the Champlain Towers South Condominium in Surfside, Florida, this past June revealed some gaping holes in the structures, governance, and oversight of the country’s multifamily buildi…
On Thursday, October 28, 2021, board members, managers, building owners, and co-op and condo residents from around the city and the tristate area will gather at the Jacob K. Javits Convention Center in Manhattan from 10:00 a.m. to 4:30 p.m.…
It may come as a surprise to many that federal disaster recovery assistance is not available for the country’s co-ops and condos the same way it is for single-family homeowners. This discrepancy in the law became apparent after 2012’s Sup…
On Friday, September 17, Governor Kathy Hochul joined porters, doormen and other building service workers at Columbus Circle in Manhattan to celebrate a new law that will raise wages to the industry standard for over 2,000 frontline workers…
On Thursday, October 28, 2021, board members, managers, building owners, and co-op and condo residents from around the city and the tristate area will gather at the Jacob K. Javits Convention Center in Manhattan from 10:00 a.m. to 4:30 …
New York Governor Kathy Hochul’s Labor Day signing of four pieces of new legislation protecting and supporting workers gave those laws a lot of visibility. (Readers of CooperatorNews can find a summary of one of those four pieces of leg…
On Labor Day, New York Governor Kathy Hochul signed Senate bill S6350A, which prohibits most individual unit owners or shareholders in condominiums (condos) or cooperatives (co-ops) from obtaining or maintaining tax abatements under section…
NBC News recently reported on a 2019 class-action lawsuit filed by shareholder-tenants of several New York City co-ops that the city took over under the aegis of a controversial program called Third Party Transfer (TPT). The program wa…
Westchester County lawmakers recently passed additional rules for its Co-op Disclosure Law, which itself dates back to 2018. The law originally gave co-op corporations and their representatives 60 days to determine whether a purchase applic…
Law firm Seyfarth Shaw issued a release this month reminding New York cooperatives and condominiums that they are subject to the New York Health and Essential Rights (HERO) Act that was signed into law on May 5, 2021. The new Department of …