Category: Building Operations

You know that when one of the world’s most famous skyscrapers goes green, the future of energy efficient buildings has been changed forever. Earlier this year, it was announced that the Empire State Building would begin a $20 million re…

 Real estate professionals, developers and builders are all reporting the same thing: today’s homebuyers who are looking for maximum value are asking for more than granite countertops and hardwood floors—they want energy savings and green …

Many of the organizations mentioned often in the pages of The Cooperator are extremely high-profile; constantly seeking new members, holding seminars and social events, meeting with city and state legislators, and holding outreach prog…

Many directors serving on the boards of co-ops and condominium communities assume that once they have secured the appropriate coverage for their properties, their problems are largely over. Unfortunately, problems in the insurance mark…

 While the grid of streets and avenues may remain rigid and unchanging as the  years go by, New York City’s neighborhoods are organic entities, constantly shifting and evolving as new  features emerge and old ones fade away. Nowhere is thi…

 Though often responsible for millions of dollars in property and charged with  the oversight of complex building functions, few co-op/condo board members are  real estate professionals. Board members are resident volunteers who come from …

 Inefficiently-run board meetings are time-wasters that can make even the most  enthusiastic board member cringe at the thought of an upcoming session. By  contrast, a well-run board meeting can be a productive hour or two that  benefits t…

Most co-op and condo residents understand that there is a board protecting the interests of their building community and individual owners—they’ve probably taken part in numerous board elections, or even served on committees, or volunte…

 Unlike individual apartment owners’ insurance coverage, most co-op and condo buildings’ insurance policies are pretty standard—they include homeowners’ insurance, liability, and umbrella coverage. Usually, the common areas such as  the ha…

Part of the process of bidding and hiring a contractor to work in your building is verifying their insurance coverage. Uninsured or inadequately insured contractors pose a serious threat to a co-op or condo community’s finances and can …