Amid the pressure of an overheated real estate market and possible looming recession, some co-op and condo properties are looking to stand out in today’s landscape. One strategy some are embracing is rebranding; casting a new light on who t…
The World Property Journal reports that the costs to comply with regulations imposed by all levels of government account for an average of 40.6% of multifamily development costs nationally. The National Association of Home Builders (…
Last week, the New York State Senate did not take up renewal or replacement of the 421a tax abatement that is set to expire on June 15, 2022, leaving the fate of the program—and new residential building in the city—in limbo. Currently kno…
Brokers have a standard modus operandi when selling apartments: Depersonalize the property, stage it, and disappear. Take down family photos, stow the artwork, clear out excess furniture and the clutter of everyday life. And most importantl…
On Friday, May 20 32BJ SEIU building workers - a group that includes doorpersons, superintendents, resident managers, handypersons, concierges, and porters in the city's residential and commercial buildings - voted overwhelmingly to ratify …
Passed in 2019, The Climate Mobilization Act (CMA) is an ambitious legislative package that puts emissions limits on New York City’s large commercial and residential buildings. In addition to these limits, which are codified in Local La…
As both a writer about and resident of high-rise residential buildings, I followed the June 2021 collapse of the Champlain Towers South condominium with a hawk’s eye. I read about the people who perished and the loved ones left to carry on;…
On May 10, 32BJ SEIU and Laborers’ Local 79 rallied at City Hall in support of the One45 Harlem development project and spotlighted the project’s workforce housing proposal that will bring family-sustaining union jobs to Harlem. The rally c…
The Real Deal reports that developer Barnet Liberman has been sued for failure to pay common charges in the building he co-developed and in which he owns (or just lives in, depending who you ask—see below) the penthouse. Along with a part…
Deadlines for benchmarking reporting for all apartment buildings - co-ops, condos, and rentals alike - has been postponed from May 1, 2022, to May 31, 2022. The postponement gives building and property owners more time to accumulate and org…