According to a June 8 press release, the 42-building West Village Houses complex in Manhattan has completed its conversion from a Housing Development Fund Corporation (HDFC) to a free-market cooperative. The release notes that this is the f…
As New York continues its efforts to re-open its economy safely amid the continuing (and in many states, intensifying) COVID-19 crisis, there is concern about what the residential housing market - which had experienced a decline even before…
There was a time some hundred years ago that Great Neck -- not the Hamptons -- was the weekend and summer playground of the rich. A short drive away from Manhattan (there was no bumper-to-bumper traffic then) brought city dwellers to ‘the c…
According to a June 8 press release from Manhattan-based law firm Nixon Peabody, the firm represented West Village Houses on its conversion from a Housing Development Fund Corporation (HDFC) to a free-market cooperative. The release notes t…
According to a June 8 press release from The Real Estate Board of New York (REBNY), tax revenue generated from investment and residential sales in New York City and New York State decreased by 76% from May 2019 to May 2020, and 40% from A…
32BJ SEIU, the Service Employees International Union, is the largest property service workers union in the country, comprising over 175,000 members in 11 states and the District of Columbia. Members include residential doormen, porters, sup…
The Institute of Real Estate Management (IREM) announced in a June 3 press release that the organization’s IREM Foundation has established a COVID-19 Relief Fund to support real estate managers and their local communities affected by the pa…
Whether you’re living in a co-op apartment building in Manhattan, a condo on Chicago’s Gold Coast, or a townhouse community or HOA in Las Vegas, Reno, or Florida, issues of legality and liability are always a concern for owners, board membe…
According to a recent press release, the National Multifamily Housing Council (NMHC) reports that more than half (53%) of multifamily developers polled for the third edition of the organization’s COVID-19 Construction Survey reported constr…
The Real Estate Board of New York (REBNY) reported in a May 20 press release that tax revenue generated from investment and residential sales in New York City and New York State decreased by 48% from April 2019 to April 2020, and 64% from M…