News: Spotlight Content

2025 Ones To Watch - Industry Leaders:
Louis Grassi, CPA, CFE, Grassi

Louis Grassi, CPA, CFE
Founder and Chief Executive Officer 
Grassi

Recent goal and impact: 

A recent goal Grassi achieved was implementing an Employee Stock Ownership Plan (ESOP), a strategic move that distinguishes our firm amid growing private equity investments in the accounting industry. This innovative structure has significantly increased employee engagement, retention, and client satisfaction, outperforming industry benchmarks. By empowering employees as owners, we’ve enhanced motivation, stabilized leadership, and strengthened our commitment to exceptional client service, positioning Grassi uniquely for long-term growth and success.

Sharing knowledge and expertise: 

I actively share my knowledge and expertise through article authorship, addressing critical industry trends and best practices in the real estate sector, providing valuable insights to peers, clients and industry experts. I frequently speak at industry conferences and seminars, contributing thought leadership, market analysis and practical solutions tailored to the challenges faced by business owners and real estate professionals. By engaging with industry leaders, I stay attuned to evolving market dynamics, ensuring our firm delivers innovative and impactful support to our clients.

Giving Back: 

Essential to our identity as a firm is our enduring commitment to service. I recognize that our success, both as a firm and as individuals, imparts a responsibility to serve others. Grassi is committed to supporting and encouraging employee contributions to local charitable organizations. I’m immensely proud that in 2024 alone, over 250 colleagues dedicated over 1,500 hours across nearly 30 events, supporting over a dozen local charitable organizations through our Grassi Gives Back program.

MORE FROM Spotlight Content

Over half of Long Island towns vote to exceed the tax cap - Here’s how owners can respond - by Brad and Sean Cronin

When New York permanently adopted the 2% property tax cap more than a decade ago, many owners hoped it would finally end the relentless climb in tax bills. But in the last couple of years, that “cap” has started to look more like a speed bump. Property owners are seeing taxes increase even when an
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The strategy of co-op busting in commercial real estate - by Robert Khodadadian

The strategy of co-op busting in commercial real estate - by Robert Khodadadian

In New York City’s competitive real estate market, particularly in prime neighborhoods like Midtown Manhattan, investors are constantly seeking new ways to unlock property value. One such strategy — often overlooked but
Oldies but goodies:  The value of long-term ownership in rent-stabilized assets - by Shallini Mehra

Oldies but goodies: The value of long-term ownership in rent-stabilized assets - by Shallini Mehra

Active investors seeking rent-stabilized properties often gravitate toward buildings that have been held under long-term ownership — and for good reasons. These properties tend to be well-maintained, both physically and operationally, offering a level of stability
Properly serving a lien law Section 59 Demand - by Bret McCabe

Properly serving a lien law Section 59 Demand - by Bret McCabe

Many attorneys operating within the construction space are familiar with the provisions of New York Lien Law, which allow for the discharge of a Mechanic’s Lien in the event the lienor does not commence an action to enforce following the service of a “Section 59 Demand”.
How much power does the NYC mayor really have over real estate policy? - by Ron Cohen

How much power does the NYC mayor really have over real estate policy? - by Ron Cohen

The mayor of New York City holds significant influence over real estate policy — but not absolute legislative power. Here’s how it breaks down:

Formal Legislative Role

Limited direct lawmaking power: The NYC Council is the primary