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The Real Deal reports that Sush Torgalkar is leaving his role as CEO of Extell Development not even two years after coming on board from Westbrook Partners. It is the latest in a series of high-level departures from the prolific New Y…
As condo associations and co-ops across the nation (and the world) contend with establishing reopening procedures and monitoring protocols for their existing amenities after COVID-related shutdowns, buildings that are still in development …
While the initial shock of the COVID-19 pandemic may have stopped much of our normal economic activity in its tracks, the gradual revival of business and commerce is inspiring some new thinking and new solutions for individual unit owners, …
On August 17, 2020, Governor Andrew Cuomo announced that all gyms and fitness centers in New York State may reopen for operation on Wednesday, September 2, 2020. (Indoor group fitness classes may be delayed beyond that date.) Upon reopening…
The Council of New York Cooperatives and Condominiums (CNYC) has issued a notice to its members that many New York buildings are preventing census enumerators—the Census Bureau’s carefully trained and vetted workers who visit households i…
As is often the case, New York City is at the forefront in promoting legislation aimed at capping building emissions and promoting green living as part of an environmentally conscious future. As part of this effort, a number of laws and ord…
Architectural Digest reports a new trend in amenities for multifamily residential buildings: on-site healthcare facilities or services that allow residents to receive medical testing or treatment at home. In this peri-pandemic era whe…
A survey released on August 24th by the Brooklyn Chamber of Commerce confirms what many New Yorkers knew - or at least predicted - would happen as the coronavirus pandemic has dragged on, with guidance and support at all levels of governmen…
Whether in a single-family home or an apartment building, every homeowner has experienced that moment: he or she turns on the kitchen light in the middle of the night to see a huge water bug scurry across the counter, or hear the sound of t…
In an August 19 press statement, the Real Estate Board of New York (REBNY) reported that while total investment and residential sales volume increased 11% to more than $3.95 million between June 2020 to July 2020, “These transactions, criti…