Climate Law Brings Challenges For NYC Co-Ops And Condos

Law360 (January 17, 2020, 5:16 PM EST) -- It has been observed more than once that the reaction in the New York City real estate community to the ambitious emissions reductions goals that New York City has enacted in its Climate Mobilization Act has been reminiscent of the classic five stages of grief:

Denial — the ones hoping the whole thing will just go away; Bargaining — the lawyers of course; Anger — the landlords; Depression — also the landlords; and Acceptance — the energy consultants looking forward to years of full employment.

The joke does not work very well for co-ops and condominiums, because the reality is that...

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