1999 Jul/Aug
1999 Jul/Aug Vol. 19, No. 6
Focus on...Law and Legislation
Cover Story: Real Estate Indictments: 1999
After Manhattan District Attorney Robert M. Morgenthau handed down indictments against dozens of New York property managers in 1994 for taking kickbacks from contractors, New Yorkers, including the D.A.'s office, thought there would be at least a brief reprieve from local real estate corruption. Even so, the D.A.'s office continued to monitor the real estate industry. "This is Round One," predicted Dan Castleman, chief of the D.A.'s Investigative Division. This past June, Round Two was unveiled. Read More
Renovated Masterpiece
Successfully combining her talents as an artist, architectural and interior designer, Rebecca Alston, president of Rebecca Alston Inc., a design firm in Manhattan, recently renovated a 3,600-square-foot loft condo in Tribeca. Her clients, a young couple with widely differing aesthetic sensibilities, presented Alston with the challenge of combining their individual styles. The resulting interior uses both natural and manufactured materials, sophisticated technology, and site-specific artwork designed by Alston to create a luxurious, yet informal, residence for her clients. Read More
Electric Deregulation Has Come
Electric deregulation is fast becoming a reality in New York. Adhering to the historic 1996 decision of the New York State Public Service Commission (PSC), utility companies throughout the state such as Con Edison, LILCO, Central Hudson and Niagara Mohawk are on schedule in opening up electric supply choices for their customers, beginning with pilot programs, says Edward Collins, a spokesperson for the PSC. Changes to the state's electric market will allow customers at last to choose their suppliers of electricity. Read More
Y2K Seminar: Preparing Your Building For The Millennium
When the clock strikes 12 on January 1 of next year, what will happen? Many warn of impending chaos as microchips failing to recognize the date bring us back to the beginning of the century. If you're overwhelmed by Y2K gloom and doom, it might not be a good idea to close your eyes and ears to the frenzy just yet. It is essential for co-op and condo board members to plan and implement programs to ensure Y2K compliance for all building systems. Read More
