Real Estate Perspectives Fall 2019 - Marks Paneth

Real Estate Perspectives

FALL 2019

Welcome It’s hard to believe, but at this time last year, I was introducing myself to you as the new Co-Partner-in-Charge of Marks Paneth’s Real Estate Group, one of the firm’s oldest and largest practice areas. None of us knew what lay in store—and not even Marks Paneth’s century-long history of serving New York’s real estate market could prepare us for the dramatic changes that took place in 2019. I am especially proud that our round-the-clock efforts to help clients navigate complex issues like the Opportunity Zones program and the new rent regulations have made Marks Paneth a leading voice in the industry-wide conversations around these groundbreaking developments. In this, the last Real Estate Perspectives issue of the year, we’ll look more closely at these issues and what some of NYC real estate’s key influencers had to say about them at the firm’s inaugural New York Real Estate State of the Market Seminar. We’ll also look ahead, towards the future and how technology will disrupt our industry – insights we have in part thanks to Marks Paneth’s new Technology & Digital Services Group . And for those who have year-end tax planning in mind, our professionals are as ready as ever to help you reap the maximum benefits available to you. I welcome your questions and comments on how any of the insights in this newsletter will affect you and your business specifically. On behalf of all our Real Estate partners and professionals, we wish you, your families and your businesses a successful year-end and a prosperous 2020.


2 What Is the New York Real Estate ‘ STATE OF THE MARKET ’? Vibrant & Entrepreneurial Abe Schlisselfeld 5 The FUTURE OF DISRUPTION Alan M. Blecher, Michael Hurwitz and Dean Boyer 10 Considerations for Your 2019 TAX PLANNING Jay Sussman 13 The Importance of HIRING THE RIGHT CFO for Your Business Neil Sonenberg 16 Understanding the SAFE HARBOR RULE FOR RENTAL REAL ESTATE Enterprises Anthony DelValle



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