Post-Pandemic Boom in ‘Flex Space’ Helps Bring Workers Back to the Office

A post-pandemic boom in ‘flex space’ partnerships involving employers, flex space operators and commercial real estate companies helps bring workers back to the office. But some tenants are hesitant to sign long-term leases as their hybrid work policies continue to evolve.  READ MORE +

Safety Accommodations on Tenants’ Minds as Leases are Signed During the Pandemic

Real Estate Partner Ed Suleymanov outlines some of the key measures being taken by property owners and managers to increase building safety during the pandemic.  READ MORE +

NYC Offers General Reductions in Real Estate Taxes Due to COVID-19 – But Can More Be Done?

Deana Wetzel, Partner in Marks Paneth’s Real Estate Group, shares insight into the latest property assessments released by the NYC Department of Finance and whether the assessments accurately reflect the value of buildings impacted by COVID-19 during 2020.  READ MORE +

Are Co-Op and Condominium Owners Facing a Sprinkler Mandate?

A recently proposed local law in New York City created a lot of buzz around the block—especially for co-ops and condominiums. The proposed law, Int. No. 1146-B, is a local law to amend an administrative code of the City of New York.  READ MORE +

Washington, Please Help! Awaiting the Passage of the RESTAURANTS Act

Senior Manager Jessica Strom outlines what is at stake for the restaurant industry as the second wave of the pandemic sweeps across the nation and the restaurant owners await the Senate's response to the RESTAURANTS Act.  READ MORE +

The 2020 Election – What’s at Stake for the Real Estate Industry?

What does the real estate industry stand to gain—or lose—from the results of the 2020 election? Tax Principal Al Blecher examines key tax policies that could be affected.  READ MORE +

The CARES Act Makes Cost Segregation a Smart Tool for Building Owners

Real Estate Group professional Kevin Barry highlights how changes introduced in the CARES Act can provide tax benefits to building owners.  READ MORE +

Remember: Troubled Debt Restructurings Have Tax Consequences

If now or in the future, you find yourself negotiating Troubled Debt Restructuring, don’t overlook tax considerations.  READ MORE +

Can You Speak Lender?

Matthew Hausman, Manager in our Real Estate Group, explains why understanding the disconnect between ITBA and GAAP is crucial to successfully structuring loan agreements and negotiating with lenders and financial institutions.  READ MORE +

Coops and Condos Would See Drastic Change Under Proposed NYC Property Tax Reform

Erin Kiernan, Senior Manager in our Real Estate Group, examines newly-proposed changes to NYC property tax and the impact these changes could have on the city’s coops and condos.  READ MORE +

Private Equity and Blockchain are Supporting Growth in Real Estate

Abe Schlisselfeld, Partner-in-Charge of Real Estate, shares insight into how real estate private equity and emerging technologies like Blockchain are driving the real estate industry forward.  READ MORE +

How Stalled Infrastructure Projects Continue to Ensnarl the Real Estate Market

Erin Kiernan, Senior Manager in our Real Estate Group, discusses the growing concern over delayed infrastructure projects and their wide-ranging negative impact on the real estate industry.  READ MORE +

Adapting to Change – the Resiliency of New York’s Real Estate Market

In this blog, Real Estate Partner Darya Shneyder remarks upon her experience at the NY Multifamily Summit, which featured some of Marks Paneth’s industry leaders as panel moderators.  READ MORE +

New Draft Form 8997 and Qualified Opportunity Zone Regulatory Reform

On September 25, 2019, the IRS released another form in draft status: federal Form 8997 “Initial and Annual Statement of Qualified Opportunity Fund Investments.” It requires even more information to be reported concerning these investments by eligible taxpayers.  READ MORE +

New Draft Form 8996 and Qualified Opportunity Zone Regulatory Reform

This blog examines the newly released draft form 8996, which increases reporting requirements pertaining to Qualified Opportunity Zones.  READ MORE +

What’s the State of the New York Real Estate Market? It’s State of the Art!

In the blog, Co-Partner-in-Charge of Real Estate Abe Schlisselfeld remarks upon Marks Paneth’s New York Real Estate State of the Market seminar, which featured some of some of the biggest names in New York real estate.  READ MORE +

Innovating occupancy in the hospitality industry

Director Lisa Tripi discusses the growing importance for hotel owners to find innovative ways to increase their occupancy rates and highlights how one NYC hotel is setting their sights even higher than 100 percent.  READ MORE +

Are Solar Energy Investment Tax Credits Losing Power?

The energy investment tax credit is an important federal policy designed to enhance the growth of solar energy and incentivize clean sustainable energy throughout the United States, but without congressional action, it may not continue past 2021.  READ MORE +

The Importance of the Common Area Maintenance Audit

Real Estate professional Kevin Barry describes how an audit of common area maintenance charges within a lease can save both landlords and tenants time and money.  READ MORE +

Amazon’s Rumored Expansion into Industry City Could Be a Boon for Brooklyn

Though New Yorkers had mixed reactions to Amazon’s decision not to pursue building an additional headquarters in Long Island City earlier this year, word on the street is that the e-commerce giant is not done with New York City yet.  READ MORE +

The Impact of NY’s New Rent Regulation Law on Industry, Lenders, Tenants and the Trade

With the passage of a dramatically new rent regulation law in New York State, Abe Schlisselfeld, Co-Partner-in-Charge of Real Estate, breaks down the most significant changes and their far-reaching impact on the real estate industry.  READ MORE +

Qualified Opportunity Zones vs. 1031 Exchanges: A Comparison for Active Real Estate Investors

This blog will compare two income tax deferral strategies available to real estate investors: 1031 exchanges and Opportunity Zone investing.  READ MORE +

Don’t Lose Sight of the 20% Deduction on REIT Dividends

The Tax Cut and Jobs Act does indeed allow individuals to take the 20% deduction against REIT dividend distributions that yields an effective tax rate of 29.6% or 37% * 80% for upper bracket filers.  READ MORE +

Deal Quality Has to Shine Through: Some Quick Thoughts on Opportunity Zone Investing

While much of the talk surrounding Opportunity Zones is about "getting ready to get going," Co-Partner-in-Charge of Real Estate Abe Schlisselfeld examines what investors should focus on when it's dealmaking time.  READ MORE +

Demystifying Change Orders

Director Georgia Stamelos helps clear up the mystery surrounding change orders and outlines five steps that can be taken to help minimize the effect of change orders on the timing and cost of a project.  READ MORE +

Authoring Our Own Success: Observations from the 2019 Real Estate Women’s Forum

Partner Darya Shneyder examines how the real estate development and finance sectors have made strides in recent years toward advancing career opportunities for women and encouraging the efforts of female entrepreneurs.  READ MORE +

A Quick Look at the Impact of the New Excess Business Losses Rule

Sherry Fan Grand, Director in the Real Estate Group at Marks Paneth, examines a new concept introduced by the Tax Cuts and Jobs Act: Excess Business Losses.  READ MORE +

Clarification for Real Estate Owners on Electing Out of the Interest Expense Limitation

Under “new” section 163(j), enacted as part of the Tax Cut & Jobs Act (TCJA), the deductibility of interest expense is now limited to the sum of (1) business interest income, (2) 30% of adjusted taxable income (ATI) and (3) floor plan financing interest for tax years beginning after December 31, 2017.  READ MORE +

Landlord Considerations: Creative Workspace Designs

As competition to attract and retain high-quality commercial tenants has intensified, it becomes more important for landlords to be creative in enhancing their office and common spaces to suit the desire of employees to work in environments that are collaborative and stimulating. Let’s look at some key elements.  READ MORE +

The Opportunity of Opportunity Zones

Qualified Opportunity Zones have been a hot topic in the real estate industry since the program was introduced in the Tax Cuts and Jobs Act of 2017. Abe Schlisselfeld, Co-Partner-in-Charge of the Real Estate Group, blogged about the complex opportunities of this tax-savings vehicle from the DC Finance Real Estate and Family Office special meeting on Opportunity Zones.  READ MORE +

Will U.S. Tax Reform Affect Your Real Estate Investments?

Real Estate Partner Abe Schlisselfeld blogs about which provisions are expected to affect real estate investors in the proposed tax reform bill.  READ MORE +
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