Most of us hold our co-op shares individually or jointly with a spouse or partner. Co-op shares can be also held in a trust. Which is the best choice? CooperatorNews asked Hal Coopersmith, principal of Coopersmith & Coopersmith, a law fir…
NYC’s landlords, co-op shareholders and condominium owners are seeking innovative ways to reduce their carbon emissions and improve the energy efficiency of their buildings. As prime energy-users, heating ventilation and air conditioning sy…
With the clamor and confusion around compliance with Local Law 97 (LL97) requirements, co-op and condo communities across the city are seeking innovative ways to solve their compliance issues. One novel approach is to consider a distributed…
Over the past decade, corporate consolidation has become a fact of life across multiple industries—so much so that when the trend heats up in a new sector, we barely notice it anymore. Airlines merge; banks get bigger and bigger by swallowi…
In a joint press conference on April 22, the Federal Housing Finance Agency (FHFA) and the U.S. Department of Housing and Urban Development (HUD) announced that their respective underwriting software will begin allowing VantageScore 4.0…
Today’s real estate market is a challenging one for buyers. While home prices have relaxed since their peak in the COVID-19 pandemic, the typical cost of a home in the U.S. has risen by more than 23% from early 2020 through the end of 2025.…
Everything has its season, goes the old saying—and that’s especially true when it comes to design jobs and common area upgrades in shared-interest communities. Planning and executing these projects takes time, and often the weather, tempera…
On Friday, April 17, three days before the April 20 expiry of its current contract, the bargaining committee for 32BJ SEIU, the union representing 34,000 residential building service workers in New York City reached a tentative agreement wi…
According to a new study on behalf of Construction Coverage, a publication providing data and insight on housing costs, construction, and market dynamics, America’s housing market has entered a period of recalibration after the frenzy of re…
A new study on behalf of construction industry research and analysis firm Construction Coverage using data from Zillow, the U.S. Census Bureau, and Freddie Mac has identified the relative cost of buying vs. renting in nearly 850 U.S. citie…