The Appraisal Standards Board has issued the first exposure draft of proposed USPAP changes for the 2020-21 Edition of the Uniform Standards of Professional Appraisal Practice (USPAP). Sorry, this is important: don’t stop reading.
Mike Marcone of Marcone Capital, Inc. has arranged the financing of two office/retail buildings comprising a total of 138,565 s/f located at 3 Post Office Sq. and 24 Federal St.
When we peel back the veneer and see how industrial buildings tick, we find that the same factors that made them more or less valuable in 1996 still apply today. Pick a building up, move it five miles down the highway, and you may find that it has gone up or down in value by 20%.