Appraisal & Consulting

Appraisal regulation: A brief history - by William Pastuszek

With the issuance of a new edition of USPAP, after a four-year hiatus, this is a good time to review some aspects of appraisal history and appraisal regulation. According to The Appraisal Foundation website, The Uniform Standards of Professional Appraisal Practice (USPAP) is the generally recognized ethical and performance standards

Partial interest valuation of real estate - A case study - by Marc Nadeau

Partial interest valuation is a technique used by appraisers and other valuation professionals to estimate the value of a fractional interest in real estate. Fractional interests in real estate result from the owner’s ownership of less than 100% of a given property.

Historic preservation and springtime in Boston - by David Kirk

The commercial property market plugs forward and falls back as demand for traditional property types, office and retail predominantly, ripples and recedes in spite resilient economy. Lower water marks in occupancy are prevalent and persistent, particularly in the older inventory in the built environment in the central business district.

What to look for in 2024 - by William Pastuszek

Having put 2023 firmly behind in the rear-view mirror, let’s look at 2024. Not a lot of predictions but many things to be on the lookout for in what a less chaotic but extremely important year may be ahead.

The bundle of rights for going concern - by Jeffrey Dugas

Like with other going concern properties, golf courses and marinas include a combination of real estate, and non-realty. And there is an important distinction between the two. Land and buildings (sticks and bricks) are real estate, while real property is the bundle of rights flowing from the ownership of real estate.

The Workout: Bifurcation and the portfolio - by David Kirk

The FED has reached a stabilizing level of economic activity, and will now be watching domestic micro as well as macro indicators for further action, including rate cutting, to achieve so-called soft landing. The FOMC has already implied that the March FOMC meeting will be too soon to expect the first rate cut and acknowledged that the downside rate risk is indeed in the discussions.

Real estate without good estate planning - a troublesome problem - by Daniel Calano

I spent the better part of a day this week working with attorneys on estate planning. I am clearly not an attorney, but I have learned much over the years while consulting on real estate, its potential, its future during the life of clients, as well as, shall we say, later.

Hotspots everywhere: Innovation is forward and backward - by David Kirk

The turbulence in the economy, in spite of extraordinary resilience, has dominated the media. Commercial property is an economic derivative, and, accordingly, is impacted by the macro trends. Performance is also property by property, and the bottom line is dependent upon micro trends. Like the weather, climate change, and innovation. All subject to change, and the stewards of the built environment must be nimble, must be quick.

The future looks bright for manufacturing - by William Kane

Having been a commercial real estate appraiser for over 40 years, I’ve experienced numerous market corrections and the impacts of various governmental agencies’ changing fiscal and economic policies. For many years, I focused on the valuation of retail real estate, and I can recall delivering a speech to about 400 attendees of a UConn conference explaining the potential impact of the burgeoning online retail market on the existing supply of retail real estate.

Carefully curated fortune-telling: Taking a peek at 2024 - by Daniel Calano

The official Counselor of Real Estate report on “10 trends to watch for in 2024” will be out shortly, written by economic experts and practitioners. In the meantime, I have my own projections, based upon research, as well as persistent reviews over many years in real estate.