Cooperative

The Registrar of Cooperative Societies launched a strict directive requiring general assembly approval for real estate and major deals in cooperatives, targeting widespread transparency failures and conflicts of interest.

Admissions committees that reject candidates without explanation, limit who is allowed to live in an apartment, and sometimes cost celebrities millions of dollars, have driven many stars away from traditional co-op buildings in the Big Apple. In their place, condo buildings with underground parking and coded elevators have taken center stage, allowing residents to get from their car to their...