Hot-Button Legal Issues What's on the Horizon?

By Cooperator Studio 2016 October Law & Legislation

Legal Pros discuss new and upcoming legal issues boards should be aware of.

Part of being an effective board member is keeping abreast of legal and legislative issues that could impact your building and its residents. Attorney Marc H. Schneider discusses a few things that should be on your administrative radar.

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3/18/2024 Manhattan’s Luxury Housing Market Logs Best Week Since May—Mansion Global

Manhattan’s luxury housing market is fresh from a banner week during which deep-pocketed buyers splashed out on close to $300 million worth of high-end property, according to Monday’s weekly report from Olshan Realty.
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3/18/2024 Lower Manhattan Condo Tower a Decade in the Making Starts Sales—Bloomberg

A long-delayed condo skyscraper in Manhattan’s Financial District is restarting sales seven years after they first began.
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Two landlord groups are now all but assured of becoming a new supergroup, and a leadership shakeup is also on tap.
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3/18/2024 NAR restructures broker commissions in $418M lawsuit settlement—Brick Underground

The National Association of Realtors (NAR) agreed to pay out $418 million and change its commission structure on Friday to settle a handful of lawsuits accusing the organization of artificially inflating commissions.
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2/13/2024 Kushner Cos. offloads 2 more East Village properties for $15M—Crain's

Once-prolific developer Kushner Cos. has offloaded a pair of East Village apartment buildings for nearly $15 million, the latest sign of its declining presence in New York.
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2/13/2024 New York lawmakers propose new state agency to build affordable ‘social housing’—6sqft

New York lawmakers want to create a new publicly-funded agency to address the state’s ongoing affordable housing crisis.
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2/13/2024 New York Reimagined Subsidized Housing. What Happened?—The New York Times

“A beacon.” That was how Shaun Donovan, former commissioner of New York City’s Department of Housing Preservation and Development, heralded Via Verde, the South Bronx development, in 2011.
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A former executive at a prominent New York City development firm that collapsed amid an avalanche of investor lawsuits and foreclosures was arrested this week and is expected to be charged in connection with a multimillion-dollar fraud scheme, according to several people with knowledge of the case.
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Home is where the work once was.
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1/12/2024 Hillcrest condo fire victims remain displaced 1 year later as construction continues—News12 Long Island

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