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Friedman LLP

Real Estate

Real Estate

The prime location for exceptional real estate resources.
  • Overview
  • Service Menu
  • Client Success
  • Insights & Events

Overview

The real estate industry’s propensity for rapid growth and change generates both new challenges and great rewards. Immersed in real estate for nearly a century, Friedman LLP has helped many of the nation’s most prominent developers, operators and investors gain operational and tax efficiency and maximize their return on investment.

Friedman’s real estate professionals make up one of the region’s largest and most respected teams, providing a full scope of accounting, audit, tax and consulting services to:

  • Multifamily, commercial, industrial, and affordable housing owners, developers, syndicators, lenders and investors
  • Institutional owners and lenders
  • Property management companies and brokers
  • Real estate investment trusts (REITs)
  • Hotels
  • Parking garages
  • Cooperatives and condominiums
  • Insurance companies

What sets us apart?

  • Size. With more than 150 real estate professionals in-house, we have one of the largest teams in the nation dedicated to the industry.
  • Transactional expertise. Our deep experience structuring highly complex transactions across the nation and around the globe puts us on the cutting edge of helping you accomplish your financial goals.
  • Personalized, senior-level attention. Your dedicated engagement partner and team take a hands-on approach – adding value to your business every day. 
  • Continuity. Because we hold one of the industry’s strongest records of staff retention, you have stability with your Friedman team. 
  • Thought leadership. With our finger on the pulse of the industry, we keep you apprised of issues that may impact your business. We are regularly quoted in the press and provide ongoing updates and alerts through our Property Matters newsletter, webinars, industry events, and more.

Build your blueprint for success today—connect with a member of the Real Estate Services team, or contact us.

Service Menu

In addition to our core audit, assurance, Federal, state, local and international tax planning services, we provide several unique services customized to our real estate clients' specific needs.

Transactional Services:

  • Deal structuring
  • Low-income and historical tax credits
  • Pre- and post-acquisition services, including:
    • Due diligence
    • Compliance monitoring during and post-completion
  • Rollups and UPREITS
  • Dispute resolution and mediation
  • Governance, risk and compliance consulting

International Tax Services:

  • Advising inbound clients on:
    • Investment structuring
    • Pass-through and blocker structures
    • Estate tax exposures in the U.S.
  • Consulting to outbound investors on:
    • Transaction structuring
    • Controlled foreign corporation rules
    • Passive foreign investment company regulations
    • Foreign tax credits
    • Tax Cuts and Jobs Act provisions, including Global Intangible Low Taxed Income (GILTI)
  • Optimizing structures, including:
    • New earnings stripping laws
    • Sheltering interest payments under the portfolio exception and/or treaty relief 
  • Assisting with tax compliance and reporting:
    • U.S. federal, state and local income tax returns
    • U.S. global information reporting
    • U.S. source withholding tax remittance and reporting
    • Foreign bank account reporting of foreign financial assets for U.S. residents
  • Coordinating with local legal counsel as well as local tax and other advisors, as needed, to develop and implement an integrated cross-border solution

Operations Services:

  • Business operations evaluation and strategic planning
  • Cash flow analysis and management
  • Cost certification
  • Internal controls assessment
  • Forecasts, projections and budgets
  • Lease abstracting

Disposition Services:

  • Estate planning and generational transfers
  • Liquidation planning
  • Property dispositions
  • Tax-free exchanges – Sections 1031 and 1033
  • Workouts and reorganizations
  • Expert testimony

Other Advisory Services:

  • Qualified Opportunity Zone consulting
  • Disaster recovery planning
  • International Financial Reporting Standards (IFRS) implementation
  • Information systems consulting
  • Partnership and shareholder agreement review
  • SEC reporting
  • Securitizations
  • Special project teams for outsourcing
  • Special purpose audits
  • Appraisal services
  • Cost segregation and maximizing depreciation
  • Lease review, structuring, restructuring
  • Loan and mortgage review

Client Success

Our real estate advisors are passionate about helping clients thrive regardless of the challenges they face. See what our clients have to say about our full scope of accounting, audit, tax and consulting services:

--

"My engagement team answers my questions and concerns after normal working hours and even on weekends. They are always positive and calming in tough situations, and of course, very competent in their craft." Larry Ellenthal, Controller, Muss Development LLC

"Friedman takes care of my business and family needs with the utmost professionalism. I sleep better at night knowing they are on the task." Darren Seid, President, Epimoni Corp

"Professional excellence every time, plus personal qualities of our client team. They are NICE people as well as very smart and talented." Senior Managing Director of Taxation, Family-Run Real Estate Owner

"Excellent client service, exceptional turnaround time." Tax Manager, Multigenerational Family-Owned Real Estate Organization

"Always delivers, even on short notice." Accounting Director, Real Estate Developer


Insights & Events

  • May 18, 2022 Annual New York State Affordable Housing Conference

    Friedman is a proud sponsor of the 23rd annual New York State Affordable Housing Conference this spring in NYC. This premier...

    Read more
  • May 6, 2022 Real Estate Institute 2022 Symposium

    Join Friedman and CyZen at this year's Real Estate Institute 2022 Symposium where we will take part in two live panel...

    Read more
  • May 3, 2022 New York Commercial Real Estate’s Future a Battle Against Uncertainty: Forum

    We enjoyed great conversations and camaraderie at Commercial Observer's latest in-person forum last week, "The State of CRE: A Forward-Looking...

    Read more
  • May 3, 2022 The State of CRE

    Connect with CRE's leading experts and transformational trends at Commercial Observer's in-person State of CRE Forum! Friedman is proud to sponsor...

    Read more
  • May 3, 2022 New York Commercial Real Estate’s Future a Battle Against Uncertainty: Forum

    We enjoyed great conversations and camaraderie at Commercial Observer's latest in-person forum last week, "The State of CRE: A Forward-Looking...

    Read more
  • April 26, 2022 Real Estate Retrofitting and the Continuing Viability of the Tangible Property Regulations

    It has been a rough few years for the real estate industry. While we have all been shown how unpredictable...

    Read more
  • April 26, 2022 Shuttered Stores and Office Spaces are Finding New Life as Medical Facilities

    Even before the onset of the global pandemic, before the rise in remote workforces, and before the associated uptick in...

    Read more
  • February 16, 2022 Getting Ready for the Construction Boom

    Much like nature as it springs back to life after a dormant winter, New York City could be poised for...

    Read more
  • January 17, 2022 What Nonprofits Need to Know with Introduction of New Lease Standards

    In 2016, the Financial Accounting Standards Board (“FASB”) introduced new lease accounting rules with the publication of ASC Topic 842 (“the...

    Read more
  • January 14, 2022 What’s In a Name: IRS Chief Counsel Answers – At Least for Rental Income

    William Shakespeare’s Juliet thought that a name was arbitrary or irrelevant. Apparently, IRS Chief Counsel agrees, at least when it...

    Read more
  • January 7, 2022 Fred Berk Speaks on DEI Initiatives in Commercial Real Estate

    An invaluable asset for any organization to have is diversity of thought, experiences, and people, Friedman’s Co-Managing Partner Fred Berk...

    Read more
  • November 18, 2021 Built for Repurpose: One Strategy to Unlock Value in Any Property

    In the face of economic upheaval stemming from the transition to remote work and the broader embrace of e-commerce, the...

    Read more
  • November 18, 2021 IRS Turns Its Attention to the Treatment of Monetized Installment Sales

    The old saying, "if it sounds too good to be true, it probably is," is practically gospel in the tax...

    Read more
  • October 19, 2021 Steve Brodsky, Real Estate Partner, and Shawna Ruiz, Audit Principal, Join Friedman LLP

    We are pleased to announce that Steve Brodsky, partner, and Shawna Ruiz, principal, have joined Friedman LLP. Steve has joined Friedman’s...

    Read more
  • October 18, 2021 Tax Planning Guide 2021-2022

    After a tumultuous 2020, “uncertainty” remains the watchword, especially when it comes to tax planning. The shift in Washington and...

    Read more
  • September 7, 2021 COVID Disruptions Introduce Questions of Valuation and Long-Term Economic Impact

    All of us – as family members, business owners, employees and employers, and buyers and sellers – know what has...

    Read more
  • July 13, 2021 Looking Ahead: Three Strategic Planning Tips for Middle Market Contractors

    For the last few years, companies have benefited from a dynamic tax and regulatory environment characterized by lower taxes and...

    Read more
  • June 16, 2021 Retail’s New Look in 2021

    According to the Mastercard Economics Institute, consumers across the globe spent $900 billion more at online retailers in 2020 compared...

    Read more
  • June 14, 2021 100 year history of 1031 and the newer DST

    It is hard to believe but the Internal Revenue Code section known as 1031 is 100 years old this year. Along...

    Read more
  • April 28, 2021 [Access Recording] Tax Implications of the Newly Signed NYS Budget Bill

    New York State's Governor Cuomo signed off on the largest state budget in the history of the state — with...

    Read more
  • April 21, 2021 Governor Cuomo Signs New York 2021/2022 Budget Legislation

    On April 19, 2021, Governor Andrew Cuomo signed New York State's fiscal-year 2021/2022 budget bill (S.2509-C/A.3009-C). The comprehensive budget legislation includes several changes to...

    Read more
  • March 29, 2021 [Webinar Recording]: Minimizing the Tax Consequences of Loan Workouts

    As the real estate industry continues to struggle with economic challenges created by the pandemic, restructuring debt and leases can...

    Read more
  • March 23, 2021 Adapting Your Services to Meet Evolving Client Needs

    Providing innovative services is a vital component in today’s ever-changing landscape to evolve alongside clients’ needs. Friedman’s Fred Berk speaks to...

    Read more
  • March 1, 2021 Consolidated Appropriations Act, 2021 Provides Benefits to the Real Estate Industry

    The Consolidated Appropriations Act, 2021 (the "Act"), passed on December 27, 2020, included a $2.3 trillion spending bill to provide...

    Read more
  • March 1, 2021 Five Important Tasks for a Real Estate Debtor in Financial Distress:

    The commercial real estate market has experienced an increase in delinquencies for commercial mortgage-backed securities (CMBS) from 2.29% in April...

    Read more
  • February 26, 2021 [Access Recording] Amplifying the Tax Benefits of Opportunity Zones

    Watch this insightful discussion examining little-known techniques to leverage the Opportunity Zone (OZ) program to yield significant tax benefits. Uncover unique strategies that can drastically impact after-tax investment outcomes for those who already...

    Read more
  • November 23, 2020 Friedman Welcomes Carol S. Messman

    We are thrilled to announce that Carol S. Messman, CPA has joined Friedman as a Tax Partner. Carol brings more...

    Read more
  • October 28, 2020 Tax Planning Guide 2020 - 2021

    During these unprecedented times, wise tax planning can provide much-needed financial relief to individuals and businesses. To help you make...

    Read more
  • October 22, 2020 If You Incentivize Them, They Will Come: How Urban Landlords are Offering Perks to Fill Units

    Landlords of residential apartment buildings across New York City’s five boroughs are offering “friends and family discounts” to incentivize prospective...

    Read more
  • October 12, 2020 Careful What You LEASE for: Knowing when IRC Sec. 467 applies to your leasing agreement

    The current economic downturn caused by the COVID-19 pandemic has greatly impacted the commercial real estate industry. Even the most...

    Read more
  • August 6, 2020 How COVID-19 is Impacting Life Science Real Estate in the Greater New York City Area

    The tremendous growth of the global life sciences sector, and its real estate property needs (including construction, leasing activity and...

    Read more
  • February 10, 2020 Closing Thoughts: February 2020

    Welcome to Closing Thoughts, Friedman’s dedicated look at news and trends in the mortgage sector. It's not often that the residential...

    Read more
  • February 5, 2020 Webinar Recording: Commercial Rent and Transfer Tax Changes

    If you sell, buy or rent real estate in New York, you may be liable for new taxes following significant...

    Read more
  • January 15, 2020 Philadelphia Use and Occupancy Tax

    Since the financial crises of the late 2000s, out-of-town developers and institutional funds have flooded Philadelphia to capitalize on real...

    Read more
  • January 1, 2020 How Changes to New York State Transfer Taxes Impact New York City

    Just when you thought we’ve covered all there is to know about New York real estate transfer taxes, including the...

    Read more
  • November 19, 2019 Bob Charron's Presentation at Paths to Liquidity and Diversification

    Watch Partner and Tax Practice Leader, Bob Charron's recent presentation at "Paths to Liquidity and Diversification," where four firms shared...

    Read more
  • November 19, 2019 Michael Greenwald's Presentation at Paths to Liquidity and Diversification

    Watch Partner and Business Entity Tax Practice Leader, Michael Greenwald's recent presentation at "Paths to Liquidity and Diversification," where four firms...

    Read more
  • November 8, 2019 Friedman Welcomes Estate and Trust Practice Leader and Further Expands Real Estate and REIT Practice

    Friedman LLP is proud to announce that, effective November 4, 2019, the firm’s Estate and Trust group will be led...

    Read more
  • November 5, 2019 Adaptive Reuse, the Process of Repurposing a Shopping Mall

    Adapt or fail. That is the reality for retail malls operating in the U.S. and around the world. In September, the...

    Read more
  • July 30, 2019 The Tenant Protection Act: Changes for Landlords and Owners in the Future of Affordable Housing

    The unparalleled state Senate and Assembly’s “Housing Stability and Tenant Protection Act” marks the onset of sweeping changes to New...

    Read more
  • July 25, 2019 CyZen Blog: Prioritizing Cybersecurity in Your Real Estate Business

    As owners, managers and developers rapidly digitize their transactions and implement building automation systems ("BAS") to stay ahead of evolving...

    Read more
  • July 8, 2019 Michael Greenwald on 1031 Exchanges

    Friedman's Corporate and Business Tax Practice Leader, Michael Greenwald, recently discussed the appeal of 1031 Exchanges with Forbes. A 1031 Exchange...

    Read more
  • June 7, 2019 Unraveling the Layers of 163(j): Insights for Your Real Estate Business

    For more than a year, owners of real estate businesses have debated whether it’s beneficial, or not, to elect out...

    Read more
  • March 28, 2019 Outlook from the Inside: Cybersecurity Risk Factors for Real Estate

    CyZen's Managing Director, Jake Lehmann, and other players throughout the real estate industry share their thoughts on top cybersecurity threats facing...

    Read more
  • February 7, 2019 Outlook from the Inside: Real Estate Predictions for the Year Ahead

    At Friedman's recent NYC real estate forum, key players throughout the industry gathered to exchange insights on a variety of hot...

    Read more
  • February 7, 2019 Outlook from the Inside: The Rise of Alternative Lending in Commercial Real Estate

    Friedman LLP recently hosted a real estate forum on "The Rise of Alternative Lending in Commercial Real Estate". The forum featured an interactive...

    Read more
  • February 5, 2019 Opportunity Zones: Profit Potential In Underdeveloped Areas

    Qualified Opportunity Zone Practice Leader, Steve Bokiess, was featured in an article by Crain's New York Business regarding the high...

    Read more
  • January 25, 2019 Proposed Changes in Assessed Valuation Threshold for TC309 to Impact NYC Real Estate

    On January 24, 2019, the Tax Commission of the City of New York approved legislation to raise the threshold for...

    Read more
  • January 24, 2019 Qualified Opportunity Zone Podcast with Commercial Property Executive

    With 8,700 Qualified Opportunity Zones ("QOZ") covering the United States, now is the time to understand how you can take advantage...

    Read more
  • January 23, 2019 From the 20th Century to the Present Day: The Evolution of Co-Living Spaces

    The start of the 20th century was met with an influx of immigrants from around the world who traveled to...

    Read more
  • January 22, 2019 The Real Estate Exemption Under the TCJA's Business Interest Expense Limitation

    One significant element of the Tax Cuts and Jobs Act of 2017 (“TCJA”) was the new limit on deductibility of...

    Read more
  • January 22, 2019 Setting up Non-grantor Trusts for Income Tax Savings Under TCJA

    Estate and income tax planning changed dramatically under the Tax Cuts and Jobs Act of 2017 (TCJA). For estate and...

    Read more
  • December 7, 2018 NYC Real Estate Forum Spotlight: Alternative Financing, Opportunity Zones

    On Thursday, November 29th, Friedman hosted its NYC Real Estate Forum in Midtown Manhattan. The focus of the forum was "The Rise...

    Read more
  • November 29, 2018 Highlights from Commercial Observer’s Downtown Forum Featuring Friedman’s Fred Berk

    Fred Berk, Co-Managing Partner and Real Estate Practice Co-Chair, joined distinguished real estate leaders from Brookfield Properties, Cushman and Wakefield, Jack...

    Read more
  • October 26, 2018 How Brick and Mortar Businesses are Adapting to Compete with E-Commerce

    Contrary to popular belief, the rise of e-commerce hasn’t meant the decline of brick and mortar businesses. Savvy businesses across...

    Read more
  • October 26, 2018 Deferring Capital Gains When Selling Real Estate: Qualified Opportunity Zones vs. 1031 Exchanges

    Opportunity Zone Funds, a feature of the 2017 Tax Cuts and Jobs Act (“TCJA”), allow investors significant tax breaks on...

    Read more
  • October 26, 2018 Deconstructing Pass-through Business Income: Planning Opportunity For Rental Property Owners

    Eight months into the tax year, practitioners and taxpayers anticipated that the Section 199A deduction rules, released recently by the...

    Read more
  • June 28, 2018 How the Ecommerce Boom is Spurring Continued Growth in the Industrial Market

    The value of industrial real estate and warehouse space continues to rise as ecommerce companies like Amazon support speedy deliveries...

    Read more
  • June 28, 2018 Big Tax Changes for the Big Apple: How the Amended Commercial Rent Tax May Impact You

    On June 1, 2018, significant NYC Commercial Rent Tax (“CRT”) changes took effect in an effort to provide tax relief for...

    Read more
  • June 28, 2018 New Restrictions to 1031 Exchanges Under the New Tax Law

    Under the Tax Cuts & Jobs Act (“TCJA”), new restrictions to 1031 like-kind exchanges limit property owners' ability to defer...

    Read more
  • March 30, 2018 Leaseholds and the Applicability of New York State Real Estate Transfer Taxes

    New York’s transfer taxes contain many nuances that impact their applicability, tax base and computations. Here, we examine how the imposition...

    Read more
  • March 30, 2018 Must-know Trends in Real Estate Tech and the Investors Moving the Industry Forward

    Recently, technology has transformed industries by streamlining processes, increasing accessibility and in many instances propelling civilization forward. Therefore, it stands...

    Read more
  • March 16, 2018 Mike Greenwald in The Real Deal: How May Real Estate Brokers Fare Under New Tax Law?

    Real estate brokers are left scratching their heads and wondering if they will benefit from a substantial tax deduction to pass-through...

    Read more
  • March 2, 2018 Good News for Home Equity Borrowers from the IRS

    When Congress passed the law formerly known as the Tax Cuts and Jobs Act (“TCJA”) in December 2017, most commentators...

    Read more
  • February 21, 2018 Mike Greenwald Shares Pivotal Insights at the RE/MAX Central Seminar on 2018 Tax Changes

    Friedman LLP’s Mike Greenwald shared pivotal insights on the impact of 2018 Tax Changes on the real estate industry at...

    Read more
  • February 6, 2018 Tom Corrie shares insights in Commercial Observer’s, “Rent Asunder: City Council Tears Up Tax Bills on Thousands of Small Business Leases.”

    Commercial rent in Manhattan has skyrocketed in recent years, driving many restaurants and stores out of business or forcing them...

    Read more
  • January 15, 2018 Michael Greenwald, MPPM, CPA Partner: Special Guest on “The Stoler Report.”

    Friedman LLP's Michael Greenwald discusses critical insights on the Tax Reform Act’s impact on small business and real estate. Watch...

    Read more
  • December 12, 2017 2017 Tax Reform: How the House or Senate Approach Could Reshape Real Estate

    At present, it’s impossible to know what version of Tax Reform will become law in 2017—the House version, the Senate...

    Read more
  • December 11, 2017 Selling a Personal Residence: What Costs Qualify as Home Improvements?

    During tax season, we are frequently asked, “What home improvements are tax deductible?” Selling a personal residence can be complex...

    Read more
  • December 6, 2017 Building Today for the Future: How Healthcare is Spiking Construction in the Tristate Area

    Fueled by the need for modern, state-of-the-art healthcare facilities, billions of dollars are being allocated at record proportions toward the...

    Read more
  • November 9, 2017 Michael B. Weicher Joins Friedman LLP as Managing Principal

    Friedman LLP is pleased to announce that Michael B. Weicher, J.D. has joined the firm's New York office as a...

    Read more
  • October 2, 2017 Breaking News: IBREA announces Friedman LLP Bronze Level Corporate Partnership

    Alexandra Levin Kramer, President of IBREA shares, “We are very pleased to have Friedman LLP join us as a Corporate...

    Read more
  • September 29, 2017 New Jersey Bulk Sales Rules: For the Protection of Buyers and the State

    States are often concerned that sellers of assets, particularly those from out-of-state, will disappear with the sales proceeds without satisfying...

    Read more
  • September 29, 2017 Emerging Trends in Residential Rental Apartments: The Advent of the Lifestyle Building

    An influx of new co-living and residential shared housing rental apartments throughout the metropolitan area are transforming the marketplace. This...

    Read more
  • September 29, 2017 Reverse 1031 Exchanges: Stay Within the Safe Harbor or Be Prepared for Uncharted Waters

    While taxpayers may generally feel comfortable gleaning tax planning guidance from tax court decisions, especially the taxpayer friendly ones, it’s...

    Read more
  • September 25, 2017 Why Renting Out Your Home Could Cost You Big Time

    Airbnb’s increasing popularity as a solution for homeowners to make money on unused space may actually be costing them by...

    Read more
  • September 25, 2017 What DC Chatter on Tax Code Reform Means for Real Estate

    While congress continues to prioritize tax reform in the Trump Administration, uncertainty and instability loom over the real estate industry,...

    Read more
  • August 31, 2017 Dealer vs. Investor: What factors are considered and why it matters

    When real property is sold for gain or loss, an important question to ask is whether the seller is a...

    Read more
  • August 16, 2017 Friedman LLP in an Exclusive Wharton School Interview on “The Real Estate Hour”

    Bruce S. Marks CPA, MST, Partner at Friedman LLP was featured in an exclusive interview segment on “The Real Estate...

    Read more
  • June 21, 2017 Unintended Consequences of Trump Tax Proposal

    Throughout the contentious 2016 presidential race, then-candidate Donald Trump promised an overhaul of the United States tax system. He articulated...

    Read more
  • June 21, 2017 Meeting the Housing Needs of the Aging Baby Boomer Population

    Baby boomers, those born between 1946 and 1965, have brought both challenges and opportunities to the U.S. economy, infrastructure, and...

    Read more
  • June 21, 2017 Dealer vs. Investor: What Factors Are Considered and Why It Matters

    When real property is sold for a gain or loss, an important question to ask is whether the seller is...

    Read more
  • March 31, 2017 Why the IRS Hates Bottom Dollar Guarantees and What It’s Doing About It

    Bottom dollar. It conjures up images of orphans dancing across the stage in “Annie” or characters from a Damon Runyon...

    Read more
  • March 31, 2017 The Rise of Alternative Lending in Commercial Real Estate

    Since the great recession of 2008, commercial banks, insurance companies and other traditional lenders for commercial real estate have become...

    Read more
  • March 31, 2017 The Rehabilitation Tax Credit – What Developers Need to Know

    Many developers of real estate projects involving the rehabilitation of older buildings or historic structures may be overlooking a valuable...

    Read more
  • March 13, 2017 The Trump Impact on Real Estate

    Much like the rest of the country, the real estate industry is trying to figure out how it will be affected by the Trump presidency.

    Read more
  • January 17, 2017 Video: What’s the Trump Impact on Real Estate?

    Real Estate leaders from around the New York metropolitan area recently gathered with Friedman LLP for a lively and insightful...

    Read more
  • January 11, 2017 How bright is the outlook inside New York’s real estate community?

    With 2017 upon us, observers continue to wonder whether the New York area’s real estate market has reached its peak....

    Read more
  • January 10, 2017 Video Highlights from Friedman's Real Estate Forum

    The ties that bind in New York's dynastic real estate market -- and how to maintain business continuity -- were...

    Read more
  • November 28, 2016 Transit Oriented Developments (TOD) growing in the metropolitan area

    Transit Oriented Development (TOD) is rapidly sweeping the nation, especially in the tri-state area, with the creation of exciting and...

    Read more
  • August 24, 2016 FinCEN Expands Real Estate Owner Identification Mandate

    Back in January, the US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued Geographic Targeting Orders (GTOs) requiring...

    Read more
  • August 24, 2016 Breaking Barriers: Client Success Stories

    A tenant came under examination for unfiled New York City Commercial Rent Tax (CRT) returns with an initial assessment of...

    Read more
  • August 24, 2016 Shifting Consumer Habits Drive Restaurant Sector to Next Generation of Food Halls

    The economic recovery and shifting consumer habits have driven significant gains in the restaurant sector, aiding in the leasing of...

    Read more
  • August 24, 2016 New York Transfer Taxes: A Cautionary Tale

    Readers of this publication know that I have written extensively on the New York State Real Estate Transfer Tax (RETT)...

    Read more
  • June 21, 2016 Repurposing Industrial Properties Continues Upward Trend in NYC Outer Boroughs

    Major retrofits and the repurposing of industrial buildings have become leading trends especially in New York City. The majority of...

    Read more
  • June 16, 2016 Late Adoption of the Tangible Property Regulations

    Oh, no. We’re now halfway through 2016, I haven’t filed my 2015 tax returns (fortunately they are on extension) and...

    Read more
  • June 16, 2016 Utilizing Cost Segregation Studies after the Final Tangible Property Regulations

    The depreciation of assets can provide important tax benefits. Taxpayers prefer to depreciate assets over a shorter rather than longer...

    Read more
  • March 16, 2016 Recent Tax Extenders and Guidance Affecting Real Property Owners

    Over the past several months, Congress and the IRS promulgated tax provisions extending tax savings opportunities that benefit real property...

    Read more
  • February 11, 2016 The Taxability of Oscars Gift Bags

    Did you know that when celebrities take home a swanky gift bag, they also get a tax bill from the...

    Read more
  • January 5, 2016 Rising transaction complexity drives need for solid operating agreements

    David McKelvey, partner, discusses operating agreements and the challenges that can arise. One of the primary issues in structuring operating...

    Read more
  • October 26, 2015 The Particulars of the 1031 Exchange

    With billions of dollars of commercial real estate expected to be sold in 2015, more and more real estate owners...

    Read more
  • October 26, 2015 Q&A: I filed a Form 3115 but discover that I need to make changes to it, now what?

    With the September 15, 2015 filing season now behind us, one thing that stands out is how proper implementation of...

    Read more
  • October 26, 2015 The Benefits of Office Condominiums in Manhattan

    With real estate prices at an all-time high in Manhattan, city occupants are looking to a different type of asset...

    Read more
  • October 26, 2015 What are the top tax impacts of owning an office condo?

    When asked about the tax impacts of owning an office condo, it usually depends on the specific circumstances of the...

    Read more
  • October 19, 2015 Harriet Greenberg appears on The Stoler Report

    Volatility in world events and in business can be upsetting and unpleasant - even disastrous. It can also provide opportunities...

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  • July 20, 2015 Q&A: When is mortgage interest NOT deductible?

    When is mortgage interest NOT deductible? Friedman LLP’s Karl Neulinger focuses on this question, which many home owners don’t even know they should be asking. The following transcribes a recent conversation Karl had with a client concerning mortgage interest and how it can impact tax returns.

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  • July 20, 2015 Five Highlights You Should Know About in New York's Pending Omnibus Housing Bill

    With its summer recess approaching, the New York State legislature passed an Omnibus Housing Bill containing a number of benefits for real estate developers and owners. The legislation is currently pending, subject to Governor Cuomo’s approval. In the meantime, here are five of the highlights that, if approved, will affect local developers and land owners.

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  • July 20, 2015 Real Estate Investors Flocking to Israel to Finance Commercial Investments

    Hundreds of real estate owners and developers are traveling to Tel Aviv, Israel to meet with investment bankers that source capital. The mission is to launch a bond that will be traded on the Tel Aviv Stock Exchange (TASE) to raise funds for US real estate projects.

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  • July 20, 2015 The Tricks and Traps of Using Qualified Personal Residence Trusts (QPRTs)

    With real estate values on the rise, now may be a good time to transfer your treasured family home to a Qualified Personal Residence Trust (QPRT).  While using QPRTs can help reduce estate taxes, the ins and outs are complex. Here’s a guide to help answer some of the questions that may arise.

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  • May 11, 2015 International Investment in the U.S. Commercial Real Estate Market

    The U.S. commercial real estate property market has been expanding since 2010 following the recession, and it’s safe to say...

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  • May 11, 2015 Co-working Office Space Growing by Leaps and Bounds

     

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  • May 11, 2015 Real Property Dealer v. Investor: An Overview

    A taxpayer’s activities and intentions when purchasing and selling real property are important in determining whether that taxpayer is a...

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  • March 24, 2015 Real Estate Transfer Taxes in New York

    Real estate transfer tax is a tax imposed by states, counties and municipalities for the privilege of transferring real property within a jurisdiction. The tax is sometimes referred to as real estate conveyance tax, mortgage transfer tax or documentary stamp tax, among other terms.

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  • November 10, 2014 Staten Island and the Bronx: Undergoing Major Developments

    New York City’s first discount outlet center,the world’s tallest observation wheel, the first new shopping mall built in New York City in the past 40 years, and a 750,000 square-foot building that will house nine ice skating rinks, are just a few of the commercial developments taking place in the boroughs of Staten Island and the Bronx.

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  • November 10, 2014 An Overview on New York State Real Property Tax Credits Available to Business Entities

    Tax credits are valuable to taxpayers as they provide dollar- for- dollar reductions in taxes which in turn can generate large tax savings and often cash back. New York State has enacted several real property tax credits that affect commercial properties which warrant consideration.

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  • January 15, 2014 New York Real Estate: The Next 10 Years

    Friedman LLP's Real Estate Practice held its annual New York Real Estate Forum, featuring a look at "The Next 10 Years." Michael Stoler, President of New York Real Estate TV LLC and is a Managing Director at Madison Realty Capital moderated discussions with top industry experts.

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  • May 18, 2022 Annual New York State Affordable Housing Conference

    Friedman is a proud sponsor of the 23rd annual New York State Affordable Housing Conference this spring in NYC. This premier...

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  • May 6, 2022 Real Estate Institute 2022 Symposium

    Join Friedman and CyZen at this year's Real Estate Institute 2022 Symposium where we will take part in two live panel...

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  • May 3, 2022 The State of CRE

    Connect with CRE's leading experts and transformational trends at Commercial Observer's in-person State of CRE Forum! Friedman is proud to sponsor...

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  • November 19, 2021 Advanced Hot Office Leasing Topics

    Join us for an advanced Commercial Leasing CLE seminar on Friday, November 19. Open to all attorneys and commercial real estate...

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  • October 6, 2021 Commercial Observer State of the Leasing Market

    Friedman is a proud sponsor of this year's Commercial Observer State of the Leasing Market event. From millions of square feet...

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  • September 14, 2021 Commercial Observer Sustainability Forum 2021

    The past year has given way to unparalleled momentum and support for developing green, energy efficient, healthy buildings. Commitments towards...

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  • July 29, 2021 Carbon Emissions & NYC Local Laws (#97) Got You Down? Consider C-PACE & Green Mortgage Loans

    The COVID crisis has created many challenges for businesses far and wide. For real estate owners and operators, the challenges to...

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  • April 27, 2021 Tax Implications of the Newly Signed NYS Budget Bill

    New York State's Governor Cuomo signed off on the largest state budget in the history of the state — with...

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  • April 15, 2021 Friedman to Co-Present at Tricks & Traps in Making & Enforcing Commercial Leases

    Friedman's Randy Paulikens will be speaking at an informative presentation geared towards real estate attorneys and commercial real estate executives on...

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  • March 18, 2021 Commercial Observer Making of the Modern Office Tower: Reimagining a New Generation of High-Rises

    Friedman LLP is proud to be a co-sponsor and to have Fred Berk, Co-Managing Partner and Real Estate Practice Leader,...

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  • January 27, 2021 IMN Virtual NYC Distressed CRE Forum, Friedman to Moderate

    Friedman will serve as a co-sponsor of this virtual forum bringing together institutional investors, fund managers, lenders, developers, special servicers, and...

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  • January 26, 2021 Commercial Observer Distressed Debt Forum, Moderated by Friedman

    Friedman is proud to be the exclusive accounting firm sponsor and to have Fred Berk, Friedman's Co-Managing Partner and Real...

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  • April 29, 2020 Commercial Observer 5th Annual Midtown Forum

    Friedman is proud to be the exclusive accounting firm sponsor of Commercial Observer's 5th Annual Midtown Forum, now a virtual event. Introductory...

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  • September 24, 2019 Commercial Observer's 3rd Annual Downtown Forum

    Friedman is proud to sponsor the Commerical Observer's 3rd Annual Downtown Forum! As the Downtown real estate market continues to...

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  • June 12, 2019 Commercial Observer's 4th Annual Midtown Forum

    Friedman is proud to be a sponsor of this premier event presented by the Commercial Observier, covering the following topics: Leasing...

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  • November 29, 2018 NYC Real Estate Forum

    Join Friedman for a dynamic breakfast forum featuring keynote speaker John Catsimatidis, Chairman and CEO of Red Apple Group, as...

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  • November 28, 2018 Friedman to Speak at Commercial Observer's 2nd Annual Downtown Forum

    We are excited to announce that Friedman's Co-Managing Partner and Real Estate Co-chair, Fred Berk, will be among the panelists at...

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  • June 28, 2018 Friedman Sponsors Third Annual Commercial Observer Midtown Forum | June 28

    Register for the third annual Commercial Observer Midtown Forum featuring interactive panel discussions led by distinguished leaders in the real...

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  • April 19, 2018 Commercial Observer Retail Forum | April 19

    Friedman LLP is a proud sponsor of the Second Annual Commercial Observer Retail Forum! The event panelists will size up...

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  • November 29, 2017 Commercial Observer "The New Face of Downtown" Event

    Join Friedman LLP at the “The New Face of Downtown” event! Engage in interactive panel discussions led by distinguished leaders...

    Read more
  • November 14, 2017 Philadelphia's Rapidly Changing Skyline: An Interactive Forum for Area Real Estate Leaders

    Register for Friedman LLP’s dynamic forum for real estate developers and owners to stay on the pulse of economic, development...

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  • November 14, 2017 Exclusive Strafford Webinar Event Hosted by Ryan Dudley

    On November 14, Friedman Partner Ryan Dudley will host an exclusive webinar titled “Foreign Investment in U.S. Real Property: Tax...

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  • October 31, 2017 Commercial Observer “Brooklyn Queens Event” | October 31

    Join Friedman LLP at the “Brooklyn Queens Event!” Engage in interactive panel discussions led by distinguished leaders in the real...

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  • October 10, 2017 IBREA Blockchain & Real Estate Conference| October 10th

    Friedman LLP is a proud Bronze Sponsor of the International Blockchain Real Estate Association’s (IBREA) second annual conference, held this...

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  • May 11, 2017 Commercial Observer “Midtown Means Business” | May 11

    Join Friedman LLP at the “Midtown Means Business” event featuring interactive panel discussions on keeping Midtown competitive and marketing to...

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  • November 16, 2016 Real Estate Seminar: “Preserving the Real Estate Family Business – Transitioning to the Next Generation”

    Friedman LLP hosted a dynamic and informative breakfast presentation for real estate executives taking place on November 16 in Midtown Manhattan....

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  • April 20, 2016 Commercial Observer Breakfast Panel: Midtown Means Business

    We were delighted to continue our sponsorship of the 2016 Commercial Observer breakfast series with this 2nd event: “Midtown Means...

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  • January 26, 2016 Commercial Observer Breakfast – Times Square: The Next Act |January 26

    We are excited to announce that Friedman has signed on as a sponsor of the 2016 Commercial Observer Breakfast Series...

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  • September 30, 2015 SIBOR Global Real Estate Symposium

    Join Friedman LLP at this year’s SIBOR event on September 30. Ryan Dudley, Partner and Practice Leader for the International...

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  • September 28, 2015 IMN Real Estate CFO Forum East | September 28-29

    Friedman LLP is pleased to announce this year’s sponsorship of the IMN Real Estate Forum. Kevin Hyams, partner in charge...

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People

People
  • Frederick R. Berk
    Frederick R. Berk
    CPA, Co-Managing Partner
    fberk@friedmanllp.comp 212.842.7530
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