ARCHIVE SEARCH RESULTS

A 26-unit condo faced structural issues requiring emergency evacuation. Timely communication, empathy, and preparation were crucial during the process.

There is a shortage of workers for porter, doorman, and handyman positions despite higher wages due to prevailing wage regulations. Buildings paying prevailing wages find it hard to revert to lower wages and need to consider the long-term commitment. Unionization can be a strategic choice for attracting and retaining employees.

Boards often make the mistake of assuming their managing agent can handle project management on capital projects, leading to costly delays. Hiring a dedicated project manager is crucial for cost-effectiveness and efficient execution.

Co-op and condo boards are concerned about reducing energy consumption to comply with Local Law 97 by 2024 to avoid fines. Switching to electric boilers and LED lighting are common strategies, but the costs can be significant. Many boards are considering whether it is more cost-effective to pay fines or invest in energy-efficient upgrades.

A 105-unit building faced major capital projects with insufficient funds. Refinancing at a higher rate (5.55%) allowed them to cover expenses and complete projects more efficiently.

With a new rain screen, the co-op can withstand the elements.

A new boiler plus a cogen upgrade equals energy efficiency times two.

A strong partnership with your carrier is a smart strategy.

Taking the direct route for a rooftop setup.