Night falls on the city; just as she’s about to close up shop for the day, a broker receives an email from an unknown sender. The sender is interested in purchasing a specific unit in a specific building - so interested, in fact, that they …
The Cooperator Events Presents a Virtual Town Hall: Budget or Lose It - Maintaining Optimal Cash Flow in Your Community Association. Sponsored by Axela Technologies WATCH ON DEMAND Raising assessments is never a popular move for a board t…
As Budgeting Season approaches for co-op and condo communities, it’s time for the boards of associations and corporations to consider how they will cover expenses and fund projects in the coming year and beyond. While recurring operating ex…
As part of NYC's Greener, Greater Building Plan , Local Law 87/09 requires building owners to have an energy audit conducted on their base-building systems, undertake energy-efficient maintenance practices as part of retro-commission…
Aging is expensive—and that goes double for residential buildings. Exterior deterioration is inevitable, mechanical systems do not last forever, and everyday foot traffic and wear take their toll on even the sturdiest structures. For many c…
A common phrase heard in many board rooms is that the board is protected under the law by the “business judgment rule.” This legal doctrine provides a judicial deference to a board’s decision if that decision is made in good faith and with…
The art and science of apartment sales has always involved a calendar for the best and worst times of the year to buy or sell an apartment. Conventional wisdom has typically held that the holiday season, from just before Thanksgiving throug…
The Cooperator Events Presents a Virtual Town Hall: A Matter of Trust - When Owners Transfer Apartments to Trusts, LLCs, & Other Legal Entities. Sponsored by Smith Buss & Jacobs LLP Tuesday November 16, 2021 at 2:00 PM WATCH ON DEMAND…
Building lobbies and hallways are high-traffic areas, prone to tracked-in dirt and street grime, scuffs from shoes, luggage, and equipment, slush and salt in the winter, and in dog-friendly buildings, the occasional indiscretion committed b…
The tragic collapse of the Champlain Towers South condo in Surfside, Florida, last June has prompted many industries to assess and reform their practices to enhance safety and oversight of the large—and growing—multifamily building sector i…