News: Spotlight Content

2024 Year in Review: Phillip Ross, CPA, CGMA, Anchin

Phillip Ross, CPA, CGMA
Co-Practice Leader, AEC Industry Groups
Anchin

What was your greatest professional accomplishment or most notable project, deal, or transaction in 2024?

My greatest professional accomplishment was guiding my clients through complex challenges — such as pursuing growth through mergers and acquisitions, developing successful succession plans, and capitalizing on tax-saving opportunities — which led to Anchin achieving recognition as a 2024 Top 50 Accounting Firm by Construction Executive. I’ve also helped companies evaluate market trends to align transaction structures with their business objectives, implemented advanced tax strategies to minimize their liabilities and maximize their savings, and provided operational consulting to enhance their efficiency and profitability. Offering a comprehensive service approach helps ensure clients are better positioned for sustainable growth.

What emerging trends will drive investment and development in 2025? 

In 2025, key tax and financial trends driving investment and development could include adjustments to capital gains and income rates, and of course potential interest rate reductions. Should the Federal Reserve reduce interest rates, this has a likelihood to spur construction and development. Access to less expensive capital and lower financing costs would be welcomed by the real estate industry. Increased scrutiny on real estate valuations may impact financing strategies, while incentives for adaptive reuse projects can encourage urban redevelopment. Additionally, expanded opportunities in opportunity zones and evolving global tax policies may also shape the nature of cross-border investments.

MORE FROM Spotlight Content

The commercial classroom: 1031 tax-deferred exchanges - by Edwad Smith Jr.

The sale of real estate may trigger capital gains taxes on the net profits of that sale. These taxes may be deferred by participating in a 1031 tax exchange, in essence, by purchasing property(s) to replace the
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
From vacancy to vitality: How adaptive reuse is reshaping Long Island’s CRE landscape - by Andrea Tsoukalas Curto

From vacancy to vitality: How adaptive reuse is reshaping Long Island’s CRE landscape - by Andrea Tsoukalas Curto

Adaptive reuse has become one of the most important conversations in commercial real estate today. Long Island has a large inventory of aging retail, office and industrial
2026 Developing Long Island: ERG Commercial Real Estate launches its new Retail Leasing division

2026 Developing Long Island: ERG Commercial Real Estate launches its new Retail Leasing division

North Hempstead, NY ERG Retail Leasing is the dedicated leasing division of ERG Commercial Real Estate, an established full-service commercial real estate brokerage for over 35 years. 
CRE Guide Featured Company: Merritt Environmental Consulting Corp.

CRE Guide Featured Company: Merritt Environmental Consulting Corp.

Merritt Environmental Consulting Corp. (MECC) was established in June of 2009 after being part of a larger engineering firm for almost 20 years. The focus of the company is to assist lending institutions, attorneys, real estate investors, and property owners with environmental concerns. Today, MECC has offices in New York, Florida, and Vermont and has grown into a regional consulting firm serving clients along the East Coast.
2026 Developing Queens: Long Island Board of Realtors  advances commercial growth and advocacy in Queens

2026 Developing Queens: Long Island Board of Realtors advances commercial growth and advocacy in Queens

The Long Island Board of Realtors (LIBOR) Commercial Network continues to play a key role in advancing opportunities and strengthening the commercial real estate landscape across Queens. Through targeted programming and global outreach