Proposed law would limit massive rent hike at Billionaire’s Row Co-Op
A bill proposed by state lawmakers aims to prevent rent hikes for 25,000 co-op apartment residents who live in ground-lease buildings, including some of Manhattan’s wealthiest neighborhoods. There is. Most co-ops own the building and the land underneath it. But there are about 100 co-op buildings in the city, and the land underneath them is […]
Co-op profits rise despite record shoplifting levels in food stores | Co-operative Group
Despite record levels of shoplifting in grocery stores, the co-op signed up one million new members last year and invested more than £90m in lowering prices, including introducing special discounts for members. This increased the profits of the food business. Profit rose 11% year-on-year to £154m, despite sales down 6.4% to £7.3bn following the sale […]
NYC pols urge Albany to OK tax break for ‘green’ mandate that could cost co-op, condo owners $20K
New York City Council members, feeling the ire of thousands of co-op and condominium owners, are pushing the state to approve tax breaks over new “green” mandates that could cost more than $20,000 per unit. I’m asking the police. In fact, in 2019, the City Council approved the Climate Change Emissions Act, which requires residential […]