Real Estate

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

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

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

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

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

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

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

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

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

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

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

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

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...

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

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

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

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

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...

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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.

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.

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.

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.

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

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

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.

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.

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.

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.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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