New York is experiencing a construction boom, with new buildings going up all over the city. But, as construction heats up, so does the possibility of disputes between adjoining landowners. One common real estate dispute arises when a new structure encroaches onto
A real estate development can have an incredible impact on the feel of a neighborhood. With the right development in place, a neighborhood can become more vibrant and attractive. A well-planned development can attract new residents, businesses and entertainment venues. On the other hand, a real estate dispute has the potential to rip a neighborhood apart. When a development deal goes south, the entire feel of a neighborhood can go with it.
This winter was a rough one for New Yorkers, but residents of an apartment complex in Battery Park City say they were especially chilled because of the building's construction flaws. The 1,700-unit building was opened in 1986, and according to a class action lawsuit, temperatures in the apartments dropped so low that frost accumulated on the walls.
If you're in the market for a condominium in New York, it is a good idea to research the building, the condo board and the developers. One way to start this research is to seek help from an attorney with experience in the field. For example, reviewing the often complicated language of condo board minutes can help potential buyers decide if they want to go through with a deal.
Currently, state law in New York addresses condominiums and cooperatives with the following legislation:
New York is full of trendy dives, award-winning restaurants and some of the best nightlife in the United States. Unfortunately, New York businesses, no matter how successful, are not exempt from potentially damaging disputes such as co-owner disputes. One business currently feeling the heat of such a dispute is the well-known celebrity hangout, La Marina.