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…
Well, that was fast! Back in October, CooperatorNews cited reporting from The Real Deal on the recent purchase of the last developer-held residential unit in the iconic Puck Building on the corner of Houston and Lafayette Streets in…
As smartphones have become ubiquitous, app-based technologies have impacted nearly every corner of our lives - including how we secure and grant access to our homes. While plenty of multifamily buildings still rely primarily on buzzers and …
In recent months, there have been two major cyberattacks on property management firms. Personal information for building residents and employees, including Social Security numbers, dates of birth, mailing addresses, driver’s license numbers…
Like other bellwether events before it (9/11, the Great Recession), the COVID-19 pandemic has wrought seismic changes to the residential real estate industry. It’s changed the way we live within our own homes, particularly in terms of how w…
As New York City buildings strive to reduce their carbon footprints to comply with Local Law 97 limits—as well as to improve energy efficiency, reduce costs, and do their part to save the planet from climate catastrophe—an option gaining tr…