1996 May
1996 May Vol. 16, No. 4
Focus on...Interior Design
Does the White Knight Approach Really Work?
In the 1980s, at the height of the conversion movement, many New Yorkers were thrilled because they were able to buy apartments at a great insider's price. But, for some, the dream of owning their own home turned sour. Imagine learning that your co-op's sponsor is about to default, or that foreclosure is imminent. This is a surefire recipe for sleepless nights and major league stress. Thankfully, today, with the real estate market on the rebound, these situations have become much less common. But for those co-op owners who lived through it, it was a nightmare. Fortunately for some, disaster was avoided when White Knight investors who specialize in bailing out co-op corporations in financial distress rode to the rescue. Read More
The Subtle Art of Mediation
Several years ago, before relocating to Westchester County, I served as board president at my 112-unit co-op building in Manhattan. Like most co-ops, we had a history of occasional disputes between tenants and among board members. But, by using the subtle art of mediation, we were able to resolve these invariable disagreements to the satisfaction of all involved. Read More
The Home Office
Who wouldn't love the opportunity to stay at home instead of schlepping into work every morning? Read More
Closet Miracles
When you open your closet doors, are your clothes hung so haphazardously that you can't find your Read More
A Spectacular New Kitchen
You don't have to be a gourmet cook to appreciate the value of a well-designed kitchen. Even if you and your loved ones subsist on Read More
