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…
According to Patch.com, New York City is facing a $9 billion deficit in the weeks leading up to its annual deadline to pass a city budget -- one that is sure to be compounded by projected shortfalls in property tax income. Property taxe…
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…
Beginning May 26, 2020, employers who are required to keep Occupational Safety and Health Act (OSHA) injury and illness logs [which according to OSHA’s website include ‘facilities support services’ and ‘services to buildings and dwellings’ …
“It came as something of a surprise,” says Stephen Varone, president of Rand Engineering, about the postponement of May 1 filing dates for annual benchmarking reports required for buildings over 25,000 square feet by the City of New York. T…
As states and localities ease or lift stay-at-home orders , board members and community managers are determining when and how to safely open or reopen pools in their homeowners associations.Associations should follow state and federal or…
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…
According to a press release from the Service Employees International Union Local 32BJ, over a dozen residential workers at a luxury condo in Manhattan’s Financial District have gone on strike as of 7a.m. Monday, May 18 to protest what they…
Editor's note: This article is Part 2 of a two-part series from the authors examining some of the many legal questions and considerations raised by the global pandemic for co-op, condo, and HOA boards, as well as landlords and building owne…
According to the Real Estate Board of New York (REBNY)’s Q1 2020 Quarterly Residential Sales Report , released on May 13, “New York City’s total sales volume and total residential transactions decreased significantly to reach lowest poin…