After the deadly collapse of a parking garage building in lower Manhattan last year, the City of New York moved to prevent similar tragedies from occurring, undertaking the herculean task of inspecting every garage in New York City for crac…
At the heart of every shared interest community is the person who makes it run. That person is known by many names: superintendent (or just ‘super’), building engineer, resident manager, community manager. Their duties and responsibilities…
After a long period of low rates marked by high levels of activity in financing, the dramatic climb in interest rates over the past two years has presented challenges for co-op buildings faced with refinancing their underlying permanent mor…
In 2025, the first compliance requirements for Local Law 97 will become a fact of life for literally thousands of New York City co-ops and condos, and those who call them home. Local Law 97 is far-reaching legislation aimed at making New Yo…
A new year always comes with reports of new trends in everything, be it fashion, food…or lobby and common area design in residential communities. Furnishings and design, like clothes, are the subject of style and vogue that morph and change…
The lobby of your building is more than just a transitional space between outdoors and in; it’s an important component in the life of your co-op or condo community. It’s where you enter your home. It’s where your visitors (and potential bu…
Along with competent, engaged leadership, good management is fundamental to the successful operation of any shared interest community—and the basis of good management is in large part spelled out in the contract between the community and it…
CooperatorNews has been reporting on matters related to multifamily living, governance, and operations for the better part of four decades, expanding from the New York City metro area to various east coast, midwest, and western markets alon…
The data is in: striking a balance between our personal and professional lives is a key component of happiness and general wellbeing. But how does one do that when one’s job is potentially a 24/7 situation? Take multifamily residential man…
As 2023 draws to a close, the New York metro’s co-op and condominium communities are feeling the consequences of a long, slow, persistent market decline brought on by the pandemic, rising interest rates, and inflation. That decline has mean…