October 03, 2022
Unit-owners, unlike renters, have limited protections in a gas shutdown.
September 01, 2022
Lawsuit seeks to block smoke shop from opening in pricey co-op building.
Written by Bill Morris on July 01, 2022
Shareholders rebel against paying high price for land or six-fold rent increase.
Leaders call for greater transparency, sanctions against Putin's cronies.
November 12, 2021
Neighborhood activists fail to keep hotel from becoming homeless shelter.
August 09, 2021
A new study reveals high vacancy rates in seven supertall condo towers.
February 05, 2021
Billionaires’ Row is home to some very rich and very unhappy condo buyers.
January 12, 2021
In a sign of the times, One57 luxury tower registers its biggest loss ever.
January 11, 2021
New federal law pierces the veil of anonymous shell companies.
April 21, 2015
It's not easy being green. Just ask the board of Parc Vendome in Midtown Manhattan. It has spent the past four years making its prewar condominium greener. And it has done that by relying on state-vetted partners to help it navigate a state-sponsored improvement program.
Learning how to get a partner may be an essential skill in the coming years. "Right now, the multi-family performance program is in a period of transition," says Brian Nieves, a sales representative at Daylight Savings, which is a New York State Energy Research and Development Authority (NYSERDA) partner. "NYSERDA is looking to get away from providing cash incentives."
When Parc Vendome first began its energy improvements, it selected the Ithaca-based engineering firm Performance Systems Development. The company conducted a $40,000 energy study of the four-building complex, delivering to the 576-unit condo an in-depth analysis of its property. "It allowed me to really look at the building on a larger scale," says Brenda Colberg, the on-site Charles H. Greenthal property manager for Parc Vendome.
Co-op and condo board business broken down into bite-sized bits - 2 stories each week. Read now on all digital devices.