Construction, real estate and hospitality
We understand the nuts and bolts of the construction, real estate and hospitality businesses. We provide accounting, tax and business advisory services to safeguard your assets and complement your business objectives.
From the sub-prime mortgage crisis to the on going collapse of homebuilding, the construction and real estate industry has been badly shaken, eroding builder and lender confidence.
Particularly at risk are small- to medium-sized builders, although all major homebuilders have faced declining revenue and margins. Builders have fewer options when it comes to restructuring, which is why the turnaround professionals at Grant Thornton have been important advisors on dozens of homebuilding restructuring engagements.
Our professionals’ extensive real estate valuation expertise, coupled with their involvement in some of the largest corporate restructurings in the country, give them the breadth and depth of experience in complex bankruptcy matters to bring about the best possible results for clients.
A key advantage for Grant Thornton clients is our suite of comprehensive services, including tax and accounting services, forensic accounting, restructuring, valuation, investment banking, litigation support.
Real estate companies choosing Grant Thornton LLP include:
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Office, retail and industrial owners and developers
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Property management firms
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Residential owners and developers
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Real estate investment trusts (REITs)
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Get the industry low-down in BuildingBusiness
This issue looks at the bright side of the recession by exploring two important tax issues for construction contractors and real estate professionals. We also explore how one company is handling the downturn. Learn more in the following articles:
- Save green by building green: Learn what benefits the new tax code has to offer green-building pioneers.
- Reduced income taxes: Read about the advantages of on bonus depreciation, work opportunity tax credit, and NOL carrybacks.
- Building on reputation: Len Kirk, president and co-owner of equipment company Hayden-Murphy discusses business strategy in a slow economy.
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Are you paying too much for property taxes?
Under today's market conditions,it is likely that the value of many companies’ real estate holdings has decreased substantially. Find out how your company can take advantage of new guidelines for valuing assets at fair market value to ensure that tax assessments are not too high. Also in this issue of Marquee: "Proposed standard would eliminate operating lease accounting" and "Achieving cost reduction and conserving cash in a weak economy."
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Connecting executive compensation and ERM.
The hot-button issue that is consistently overlooked by real estate and hospitality companies' enterprise risk management (ERM) programs is executive compensation. By weaving executive compensation into ERM, companies may avoid excessive risk and rethink how they reward executives.
