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On Thursday, July 16, NBC 4 New York reported that a scaffold on a residential building in Manhattan’s Murray Hill neighborhood collapsed onto a sidewalk shed below, killing one worker and seriously injuring three others. All four men w…
Reserve funds are a normal - and crucial - component of the budget for any co-op and condominium community. Lenders of all types, whether it be the banking institution that holds the underlying permanent mortgage on an entire co-op building…
According to a new Harris Poll, nearly one third of Americans are considering moving to a less densely populated area due to the coronavirus. They’re prioritizing larger apartments with enough room for home offices and access to private out…
According to a recent press release from New York-based law firm Herrick, the City has announced that the Uniform Land Use Review Process, or ULURP, will restart in August. The release states that “ULURP has been ‘on pause’ since March, res…
According to two market reports released by the Real Estate Board of New York (REBNY), NYC is facing some formidable challenges as the city finds its way out of the economic weeds it was thrown into by the coronavirus pandemic. REBNY’…
As some states continue phased reopening of their economies and social spaces, and others are forced to backtrack as coronavirus cases spread, the question on every board member and property manager’s mind these days is how their own commun…
In a posting on legal pros website Lexology , New York law firm Cozen O’Connor advises co-ops and condos to keep their gyms and pools closed for the time being, both to prevent the spread of coronavirus and to avoid liability and violati…
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…
Bloomberg Quint is one among an array of outlets reporting on the adjustments and adaptations real estate agents are using to conduct residential transactions in the midst of the ongoing pandemic. With in-person apartment showings off-lim…
The dwindling momentum for NYC property tax reform is being exacerbated by the coronavirus crisis and adjacent economic disaster, according to a recent report in the Gotham Gazette . An advisory commission convened by the Mayor and the C…