Increasingly the idea of technology replacing the appraiser has become a source of speculation. A recent article by Joe Light on Bloomberg.com addressed the question.
Karen Friel, MAI, MRA, is the 2017 president of the Massachusetts and Rhode Island Chapter of the Appraisal Institute and principal at Friel...
The Hartford Central Business District (CBD) apartment market is booming with 795% expansion since 2002 (177 units to 1,585 units). With another 565 units in the planning/construction stages, the market could increase by another third in the next 24+/- months.
Infrastructure and readiness are on the minds of everyone lately, especially in the wake of recent disasters and crises around the country and around the globe. Mobility, nimbleness, and the ability to pivot are universal themes and relate to commercial real estate as we think harder about discrete implications.
Daniel Calano, CRE, is the managing partner and principal of Prospectus, LLC, Cambridge, Mass.
Appraisals of commercial real estate and other special purpose properties consider three approaches to value and conclude with a reconciliation of the approaches to estimate a final value.
It is said of some athletes that they make the difficult look easy and make the routine look difficult. I’ve heard this said of goalies and shortstops at the very least.
Maria Hopkins, SRA, RA, is president of Maria Hopkins Associates, Spencer, Mass.
Here we are again...1998!!! Values in the Greater Boston area are showing a continued increase with no rhyme or reason.
The increasing inventory of life science facilities in the Boston area presents another special use property category for the experienced appraisal profession. It is only natural for the life sciences industry to flourish with prestigious universities such as Harvard and MIT along with several large life science companies in the area.