REAL ESTATE
Advising many of the most prominent figures who shape the New York skyline and beyond, we eat, sleep, and breathe real estate to help them succeed. Our real estate team—led by partners averaging 25 years of experience and many are both CPAs and attorneys—is backed by more than 100 professionals, making it one of the largest in the profession.
The Berdon Team Advises:
COMMITMENT TO THE REAL ESTATE INDUSTRY
Berdon’s real estate expertise runs broad and deep. Our clients have been involved with the development and construction of some of the area’s most iconic developments. They continue to turn to Berdon for the unparalleled service, industry knowledge and technical expertise that we deliver.
Our team of experts can help you in any number of areas critical to your success:
Tax Strategy: Because any move may have tax consequences, dedicated federal, state, local and international tax specialists offer strategies to put you in the best tax position.
Deal Structuring & Transaction Facilitation: Representing clients in highly complex transactions in the billions of dollars, we evaluate the economics and claim the maximum tax advantages while performing due diligence and helping overcome roadblocks.
Cost Certifications: Used to fulfill the needs of government agencies and tax incentive programs, our cost certifications are relied on by the Department of Housing and Urban Development, as well as federal, state, and local tax authorities. With deep experience in real estate and construction, and a national reputation for excellence in real estate accounting—we deliver results that are reliable and cost efficient.
Lease Audits: For nearly ten decades, we’ve been advising real estate organizations of all types and sizes—amassing deep insights into the pitfalls, ambiguities, and nuances of leases to help clients realize cost savings. Successfully representing both tenants and landlords, we have performed hundreds of lease and lease escalation audits. We know where to look to quickly uncover overcharges and both common and uncommon mistakes that can lead to refunds. Leveraging our real estate expertise gives us a clear picture of actual operating expenses for Class A and other types of properties. Looking deeply at the all–important base year, we isolate variations that directly impact all future escalations.
Due Diligence: Hands-on throughout the entire process, we help you identify the value drivers, evaluate the deal breakers, and develop negotiating points essential to helping you make an informed business decision. From bid support during the auctioning phase to detailed financial due diligence once exclusivity is granted, we take a practical, risk-based approach to every engagement.
Family Issues: For real estate families, we plan for the complex interplay between the needs of the business, family, and individuals. Our advice encompasses areas that include compensation, short-and long-term planning, and succession.
Workouts and Restructuring: Whether you are the borrower, buyer of debt, or lender, we weigh the tax, business, financial impact on you and your organization to isolate the optimum path.
Negotiation: Standing with you at the negotiation table for sales, mergers, exchanges, and acquisitions, we help you determine if and when the deal makes sense from a business and economic perspective and offer alternatives. We leave no stone unturned when examining a negotiation on behalf of our clients.
Funding: Leveraging our strong relationships with banks, venture capitalists, and alternative financing sources, we can introduce you to potential funding sources for your next project.
Our services include:
- Assurance and Accounting
- Business Advisory Mergers and Acquisitions
- Claims Administration
- Digital Asset Advisory Services
- Fund Administration Services
- Insurance Brokers and Agencies
- International Advisory Services
- Litigation, Valuation and Dispute Resolution
- Operational Advisory and Risk Management
- Personal Wealth Services
- State and Local Taxation
- Tax and Advisory Services
- Technology Advisory Services
WeWork Effect: Continuing Impact of Co-Working on the Face of Commercial Real Estate
Read moreBecoming Less Valuable: S Corporation "Reasonable Compensation" in Light of IRC 199A
Read moreSection 199A: Treasury Regulations Answer Many Questions
Read moreInterest Expense Rules Require Holistic Look at TCJA
Read moreShifts in NYC Property Values Drives Tax Certiorari Changes for Property Owners
Read moreNew York City Metro Real Estate Survey Highlights Market Trends
Read moreBerdon's Marc Fogel Joins REI Board of Directors
Read moreGetting in the zone
Read moreProperty Values, Investment Appetite Surge In New York's Many Opportunity Zones
Read moreWeWork “cannibalized” office industry: Moskovits
Read moreGet In the Zone: Opportunity Zones Expected to Present Lucrative Opportunities
Read moreNew Leasing Standard — Compliance Yields Benefits
Read moreOpportunity Zones Created to Incentivize Investments in Low Income Communities
Read moreThe Changing Face of Retail
Read moreA Boost in Infrastructure Spending is Good News for the NYC Metro Real Estate Market
Read moreThe Last Mile Dilemma: How E-Commerce Retailers are Impacting Commercial Real Estate
Read moreDespite Headwinds, NYC Commercial Office Market Remains Strong
Read moreCash Flow or Appreciation: Which is the Best Approach?
Read moreOutlook Sweet for REITs
Read more2017 New York Metro Real Estate Market Survey
Read moreWith GOP Tax Proposal, Real Estate Big Shots Have Much to Examine
Read moreThe New Laws of Attraction - NYC Office Landlords Shift Gear in Evolving Market
Read moreAttracting NY Office Tenants - Challenges and Opportunities
Read moreDC Is Talking About Reforming the Tax Code—but What Will It Mean for Real Estate?
Read moreWith Stores Closing, How Come Property Values—and Tax Assessments—Are Still Sky High?
Read moreGreenfield a Who's Who in Women in Professional Services Honoree
Read morePlan in the Beginning for the End
Read moreKoch Group and Company Joins Berdon LLP Family
Read morePanel Peers into the Future of LI Real Estate Development
Read moreBerdon's Fogel an LIBN Accounting Ones to Watch
Read moreGAAP vs. Income Tax Basis Accounting
Read moreReal Estate Transfer Tax Changes Afoot?
Read moreThe PATH Act's Impact on Depreciation
Read moreTrump's tax plans likely to have major impact on the real estate industry
Read moreThinking Ahead: Addressing the Millennium Workforce
Read morePredicting Trump's Tax Plan And Its Implications
Read moreReimagining an Icon - The TWA Flight Center
Read moreState of the Market with an Eye to the Future
Read moreThe Return of 421-a
Read moreNew Partnership Audit Rules Require Planning Strategies
Read moreReal Estate Developers: IRS Guidance on the Treatment of Reduction of Debt
Read moreSoaring Retail Rents Keep Vacancies High, So Prices Should Come Down - Right? Maybe Not
Read morePrivate Equity Funds Held Liable for Pension Benefits of a Portfolio Entity
Read moreBarthelemy in Who's Who, Women in Professional Services
Read moreCashing Out On Condos: Considerations To Maximize Profitability
Read moreFASB'S New Leasing Standard - Impact on Lessees
Read moreConstruction Companies Receive Guidance on Domestic Production Deduction
Read moreThe State of the Real Estate Industry on Long Island: Co-operation Key to Future Development
Read moreReal Estate and Grantor Trusts: A Terrific Combination for Wealth Transfer
Read moreGain, no pain
Read morePATH Act Impacts FIRPTA Rules
Read moreNYC Multifamily Market Remains Bullish, Despite 421-A Uncertainty
Read moreReal Estate Sales: Don’t Get Blindsided by Transfer Tax
Read morePATH Act Reforms REIT Rules
Read moreBerdon's Mintz Chairs JEP/Nageela Fundraiser
Read moreThe ABCs of FIRPTA
Read moreTax Breaks Extended - Some Permanently
Read moreAirBnB and the State of the Law
Read moreCyberattacks on CRE: Real and Inevitable
Read moreCondo Conversion: Navigating the Risks
Read moreFavorable Decision on the Deduction of Mortgage Interest
Read moreNew Safe Harbor for Ratable Service Contracts
Read moreTo condo or not to condo: That is the question for owners
Read moreFamily Businesses, Jobs Seen Thwarted by Proposed IRS Rules
Read moreHot Topics/Insights
BARRON’S | 02.18.2019 Berdon Principal Merrick Shukan discusses the impact of “itemization shrinkage” and the $10,000 cap on state and local income, sales, and real estate taxes on the current […]
NEW YORK — Effective January 1, 2019, Berdon Fund Services, LLC merged with Concept Fund Services, LLC, a Garden City-based administrative, accounting, and financial reporting firm serving funds, investment manager […]
By Conrad De Aenlle 02.12.19 | The New York Times The 2017 tax bill provides a 20 percent deduction for ‘qualified business income.’ But which small businesses are eligible? Small […]