Skip to content
  • Industry
    • Residential
    • Office
    • Retail
    • Industrial
    • Hospitality
    • Land
    • Healthcare
    • Life Sciences
    • Special Purpose
    • Mixed-Use
  • Markets
    • Los Angeles
    • New York City
    • Manhattan
    • Queens
    • Bronx
    • National
    • Washington DC
    • South Florida
  • Leases
    • Office Leases
    • Ground Lease
    • Sublease
    • Tenant Talk
    • Deals of the Week
    • All Leases
  • Finance
    • Acquisition
    • CMBS
    • Construction Financing
    • Distress
    • Refinance
    • Deals of the Week
    • All Finance
  • Investments
    • Development Site Sale
    • Portfolio Sale
    • Sale-Leaseback
    • Value-Add
    • Deals of the Week
    • All Sales
  • Development
    • Architecture
    • Construction
    • Conversion
    • Redevelopment
    • Sustainability
    • All Development
  • Capital Markets
    • Alternative Lending
    • Earnings
    • Economy
    • Foreign Investments
    • Private Credit
    • Private Equity
    • Public Markets
    • REITs
    • All Capital Markets
  • Tech
  • Weekly Issue
  • Events
  • Power
  • More
    • Players
    • Legal
    • Policy
    • Features
    • Research & Analysis
    • Columnists
    • Partner Insights
    • Transportation
    • Videos
Log In Sign Up My Account Log Out
  • Account Details
  • Email Preferences
  • Member FAQs
  • Logout
Commercial Observer
  • Industry
  • Residential
    • Multifamily
    • Homebuilding
    • Condo
    • Hotel Condo
    • Student Housing
    • Single-Family Rental
    • Short-Term Rental
    • Senior Living
  • Office
    • Coworking
    • Flex
  • Retail
    • Shopping Centers
    • Outlet/Factory Malls
    • Supermarkets/Grocery Stores
    • Showrooms/Dealerships
    • Street Retail
  • Industrial
    • Data Centers
    • Distribution Centers
    • Industrial Outdoor Storage
    • Manufacturing
    • Self-Storage
    • Studios/Soundstages
    • Warehouse
  • Hospitality
    • Casinos
    • Convention Centers
    • Hotel/Resort
    • Restaurants
  • Land
    • Farm Land
    • Parking Lots
  • Healthcare
    • Hospitals
    • Medical Offices
    • Nursing Homes & Assisted Living
  • Life Sciences
  • Special Purpose
    • Air Rights
    • Arenas/Stadiums
    • Development Rights
    • Educational
    • Government/Military
    • Museums
    • Place of Worship
    • Theaters
  • Infrastructure
    • Airports
    • Bridges/Tunnels
    • Highways
    • Railways
  • Mixed-Use
  • Markets
    • Los Angeles
    • New York City
    • Manhattan
    • Queens
    • Bronx
    • National
    • Washington DC
    • South Florida
  • Leases
    • Office Leases
    • Ground Lease
    • Sublease
    • Tenant Talk
    • Deals of the Week
    • All
  • Finance
    • Acquisition
    • Construction Financing
    • CMBS
    • Distress
    • Refinance
    • Deals of the Week
    • All
  • Investments & Sales
    • Development Site Sale
    • Portfolio Sale
    • Sale-Leaseback
    • Value-Add
    • Deals of the Week
    • All
  • Development
    • Architecture
    • Construction
    • Conversion
    • Redevelopment
    • Sustainability
    • All
  • Capital Markets
    • Alternative Lending
    • Earnings
    • Economy
    • Foreign Investments
    • Private Credit
    • Private Equity
    • Public Markets
    • REITs
    • All
  • Technology
  • Policy
    • Housing
    • Transportation
    • Urban Planning
    • Zoning
  • Legal
  • Weekly Issue
  • Events
  • Power Series
  • More
    • Features
    • Columnists
    • Research & Analysis
    • Partner Insights
    • Players
    • Videos
  • Advertise
  • Contact
  • Reprints
  • Newsletters
  • Power Finance
  • Power 100
  • Owners Magazine
Log In Sign Up My Account Log Out
  • Account Details
  • Email Preferences
  • Member FAQs
  • Logout
  • © 2025 Observer Media · Terms · Privacy

Features
Hell's Kitchen

Presented By: Marks Paneth LLP

Finding Personal Success in Today’s Real Estate Market: Insights From Marks Paneth

Commercial Observer’s Partner Insights team spoke with Abe Schlisselfeld, Co-Partner-in-Charge of Real Estate at Marks Paneth LLP, about topics including the shifting deal landscape and the new tax laws.

By Marks Paneth LLP June 27, 2019 11:06 am
reprints


Commercial Observer’s Partner Insights team recently hosted Abe Schlisselfeld, Co-Partner-in-Charge of Real Estate at Marks Paneth LLP, for a discussion about a variety of topics including what sort of deals are emerging in commercial real estate of late and how he’s been advising his clients on the implications of the new tax laws.

Schlisselfeld said that one of the more interesting things he’s seeing on the deal front lately, especially around Midtown South, is the complete renovation of Class B buildings, leading to another level of gentrification in the area.

SEE ALSO: Sunday Summary: A Big Office Sale … in Los Angeles?

“A lot of owners, especially around Hell’s Kitchen, are taking these buildings that are three or four stories, knocking them down, demolishing the interior and revamping them for better use than those buildings have seen in years,” Schlisselfeld said.

He also discussed the strong current focus on tenant amenities for new office properties, and “what they have for the tenants to use, whether it be open space parks for people to eat lunch, cafeterias, exercise rooms—these things can really enhance the buildings,” he said. “And of course, the be-all, end-all: whether or not a building is green makes a difference no matter where you are now.”

Schlisselfeld then discussed how Marks Paneth prepared to advise their clients on the new tax laws, which included spending several months conducting intensive educational sessions with company staff to ensure their full understanding of all the law’s intricacies. He then talked about certain aspects of the new law that have provided valuable benefits to clients. The 199A deduction, for example, allowed taxpayers to potentially get a 20 percent deduction on their pass-through income. He also emphasized the interest expense limitation as providing solid benefits for clients. But he was careful to stress that the exact ramifications will be different for every company.

Reflecting on Marks Paneth’s motto, “Success is Personal,” Schlisselfeld pointed out that there was no one right answer for addressing the new tax law. “Each and every client had a different result,” he said.

Abe Schlisselfeld, commercial real estate, Sponsored, sponsored-link, tax laws, Marks Paneth LLP
 
Trending Stories
Industry · Features
National

Sunday Summary: A Big Office Sale … in Los Angeles?

Office · Leases
California

Evoke Advisors Inks Lease at Irvine Co.’s Trophy Office on L.A.’s Westside

Office · Investments & Sales
New York City

SL Green Looking to Sell Two Manhattan Buildings for Combined $300M

Industrial · Finance
National

Deutsche Bank, Barclays Refi Industrial Portfolio With $700M CMBS Loan

Elon Musk is silhouetted as he departs the White House.
Industry · Features
National

Sunday Summary: A Big Office Sale … in Los Angeles?

By The Editors
WeWork logo.
Office · Columnists
National

Why Coworking’s Growth This Time Is Different Than in the Past

By Marc Balamaci
Henderson Community Building, in Palm Desert, Calif.
Residential · Development
National

RSG 3-D CEO Ken Calligar Wants to Change Homebuilding as We Know It

By Nick Trombola
More

  • Industry
    • Residential
    • Office
    • Retail
    • Industrial
    • Hospitality
    • Healthcare
    • Life Sciences
    • Special Purpose
    • Infrastructure
    • Mixed-Use
  • Leases
    • Office Leases
    • Ground Lease
    • Sublease
    • Tenant Talk
  • Finance
    • Acquisition
    • Construction Financing
    • CMBS
    • Distress
    • Refinance
  • Investments
    • Development Site
    • Portfolio Sale
    • Sale-Leaseback
    • Value-Add
  • Development
    • Architecture
    • Construction
    • Conversion
    • Redevelopment
    • Sustainability
  • Capital Markets
    • Alternative Lending
    • Earnings
    • Economy
    • Foreign Investments
    • Private Credit
    • Private Equity
    • Public Markets
    • REITs
  • Technology
  • More
    • Features
    • Columnists
    • Research & Analysis
    • Legal
    • Players
    • Transportation
  • About
    • Membership
    • Advertise
    • Newsletters
    • Contact
    • Reprints

Read the latest edition of the Commercial Observer online!

July 28th 2020 Magazine Issue Cover
© 2025 Observer Media Terms Privacy Cookie Settings Do not sell my data Sitemap