VALBRIDGE ON ASSIGNMENT
- Valued a portfolio of 21 investment-grade office and R&D properties for a major university endowment undergoing an audit. Five Valbridge offices in multiple states performed the work. READ MORE
- Appraised an apartment portfolio including 7,200 units in 37 communities for a fractional-interest owner concerned about estate planning issues. READ MORE
Atlanta's diverse economy shows strength in key submarkets, with many real estate sectors prospering.
Atlanta is home to several Fortune 500 companies, including Coca-Cola, Delta Airlines, Home Depot and UPS, and newer arrivals such as Porsche Cars of North America. The international terminal has helped Hartsfield-Jackson remain the busiest airport in the world, fueling Atlanta's economic strength.
Valbridge professionals in Atlanta have been providing independent valuation and advisory services to a wide range of private and public-sector clients since 1991. Our services include litigation support for complex valuation issues and traditional lending assignments.
“The food here is amazing!” as one of the many national and international awards bestowed on local restaurants and restaurateurs proclaims.
Lowcountry Cuisine’s popularity has exploded over the past few years, and the area now boasts multiple James Beard winners for both chefs and restaurants.
Valbridge is a market leader, too, and has been in Charleston for nearly 30 years. We’ve been fortunate to see this growth take place, and had the privilege to appraise many of the area’s fine restaurants, including The Ordinary and Fish.
Valbridge is a market leader in Charlotte, where we’ve provided commercial real estate valuations since 1993. Our firm began as John Bosworth & Associates.
There’s substantial activity in Charlotte’s retail and multifamily sectors. Construction cranes have returned to the landscape, with high-rise development of office and condo projects in the central business district. Fear of an oversupply of multifamily units always looms, but current lease-up activity of new projects is steady.
In 2014, Vanessa M. Hall earned the prestigious MAI designation from the Appraisal Institute, signifying her high level of experience in the evaluation of commercial and other types of properties.
Leaders of Valbridge’s Cleveland-area practice have been appraising commercial properties in the market since 1992.
Multiple times in the past 10 years, we’ve testified before the tax appeals board in Cuyahoga County. As an example, our work on behalf of a corporate headquarters owner in Broadview Heights produced tax savings of more than $100,000.
Among our notable valuation assignments: a five-property portfolio of flex-industrial buildings for a lender, land to substantiate a gift for IRS tax credit, a downtown office building for estate planning purposes, and an Ohio City apartment conversion from industrial.
Valbridge’s history in Boulder and Denver dates back to 1959. Our current practice leaders, Burton Lee and Marty Ward, were grade school friends.
In addition to providing valuation and advisory services for industrial, office, retail and multifamily buildings including affordable housing tax-credit properties, Valbridge has a reputation for the unusual. We have appraised ranches, camps and telecom towers. Now under evaluation: a multi-sports entertainment complex with indoor soccer fields, an ice hockey rink and a rollerblading rink.
Across Denver and Boulder, which are high-tech hubs, new construction of smaller, owner-occupied office and industrial buildings continues.
Valbridge | Robinson Co. is one of the oldest and most active real estate valuation and advisory firms in upstate South Carolina, where we have provided service since 1920.
Greenville is an auto industry center with BMW, Michelin and the graduate program in automotive engineering at Clemson University.
Industrial vacancies are at less than 7.5%, with rental rates on the rise after 14 quarters of positive absorption.
The lack of inventory has spurred new construction, including an intermodal hub at the Greenville/Spartanburg airport that connects to the Port of Charleston. Combined with Class A build-to-suits, there's now 1.5 million sf of industrial space under construction upstate.
Valbridge reigns in Houston, where we have provided independent real estate valuations since 1983.
During 2014, Valbridge completed more than 100 assignments on multi-tenant office properties in the Houston MSA. Right-of-way appraisals also were completed during the year for the City of Houston, Harris County, Air Liquide, Entergy and Centerpoint. The Houston office performs valuations and market studies for more than 140 multifamily properties annually.
With the Houston population expected to more than double to 14 million people by 2050, demand for all real estate sectors is likely to increase.
2013 was the 25th anniversary year for the Valbridge office in Indianapolis. The predecessor firm was founded by Bonnie Mitchell, the first woman to be designated an MAI in Indiana.
Like the Indy 500, Indianapolis delivers a winning performance. Most new development is in the owner-occupied office, retail and residential subdivision sectors. Multifamily investment remains strong.
Our recent assignments include a 280,000 sf Indianapolis Star facility downtown that is being sold and converted to retail and apartments, and a portfolio of 20 apartment communities for an out-of-state owner’s tax assessment appeal.
Valbridge is Kansas City’s largest commercial real estate appraisal firm, where we’ve done business since 1978. We have five MAIs on staff, including four past presidents of the Kansas City Chapter of the Appraisal Institute.
Signature assignments include the world’s largest underground storage complex (5,000,000+ sf), the Kansas City Power and Light entertainment district, the largest office building in the metro area, a corridor of over 900 miles, and litigation support on a project with more than 2,000 parcels.
With active commercial development beginning again, the market is poised for growth.
For more than 20 years the leaders of our regional office have served Memphis and the Mid-South region. Today, Valbridge is one of the largest independent commercial appraisal firms in the Memphis MSA.
In addition to office, industrial and retail, we have specialists in religious facilities, self-storage, hotel/motel, multifamily, single and multi-tenant investment property, car washes, medical buildings and more.
Well-located properties in the area have recovered substantially from the recession. Industrial and retail activity have been steady and multifamily has shown substantial improvement in occupancy and rental rates. Office rents and occupancies have held steady with improvement in primary submarkets.
Spurred by successful efforts to attract industry and positive job growth statewide, Michigan’s recovery continues.
Valbridge serves the state’s commercial property markets from a central location in close proximity to 90% of the population. Our presence in Michigan dates back more than 25 years.
Recent valuation assignments include a 700,674 sf multiple building office/data center and a 394,501 sf downtown mixed-use development integrating hotel, retail, office, residential and parking uses within a multi-building complex.
Valbridge is a market leader in New Orleans and the Gulf Coast, where we’ve provided independent real estate valuations since 1987.
Valbridge has helped the local, state and federal governments acquire rights-of-way for new and enhanced levee protection systems throughout Southeast Louisiana.
Among our other recent assignments: Appraising the new regional headquarters for IBM in downtown Baton Rouge. IBM's regional office serves clients of the consulting and IT company.
From Anaheim to Irvine to Newport Beach, Valbridge has Orange County covered. Our team has been in the market since 1983.
We provide valuation and advisory services with an emphasis on office, medical and industrial properties. We also publish expense guideline reports for these product types, tracking taxes and insurance, utility, maintenance and management costs so investors can assess their properties’ performance compared with the market or pro-forma a property for potential purchase.
As Southern California markets continue to recover, we are seeing expenses rise along with occupancy and rents.
Valbridge is a market leader in Orlando, where we’ve provided independent real estate valuations since 1991. Our local roots can be traced to the legendary appraisal firm Pardue, Heid, Church, Smith & Waller, which was one of the largest independent appraisal firms in the U.S.
Recent assignments include a variety of lodging and hospitality properties, restaurants and other commercial and multifamily real estate assets.
Orlando’s retail and industrial markets are healthy, along with a strengthening residential market, as more Baby Boomers migrate to Central Florida. Orlando remains one of the most fundamentally sound real estate markets in the U.S.
The leaders of the Philadelphia office have provided real estate counseling, appraisal and litigation support for 40+ years. Reaves C. Lukens, Jr., the senior managing director, is a local valuation icon, referred to by many as the “Dean of Real Estate.”
Valbridge helps property owners and taxing authorities achieve equitable assessments, performs financing appraisals and provides counsel on troubled assets and REOs. Firm principals are familiar faces in state and federal courts, having been appointed as “special master” to advise courts.
Philadelphia is seeing a flurry of residential development spurred by millennials, Gen-Xers and suburbanites moving to the CBD. A 10-year tax-abatement program also is an incentive.
Valbridge has been providing independent valuation and advisory in Arizona since 1986.
Our recent assignments include appraising two 1MM+ sf manufacturing facilities for owners challenging property tax assessments, 15 multifamily properties for an estate, and valuation and advisory for repurposing nine closed elementary schools.
Real estate market activity in Phoenix is driven by expected job growth of more than 40,000 in 2013. Retail and industrial vacancies have declined to under 12%. Multifamily development and investment is active.
In Tucson, significant private investment in mixed-use is under way in the CBD. Apartment development is active.
Valbridge is one of Richmond’s largest commercial real estate valuation and consulting firms, with a presence in the market since 2002.
Our office specializes in all facets of real estate valuation, including industrial, multifamily, office, retail and residential subdivisions. Among our assignments: the MeadWestvaco Headquarters, Westchester Commons, Towne Center West, Regency Square Mall and the Markel Building.
A city with abundant history, Richmond is the capital of Virginia. The economy largely is driven by finance and government, and is positioned to benefit from upside in the commercial market.
Construction of the new Sacramento Kings basketball arena downtown has helped resurrect numerous projects and spurred other sales for redevelopment of mixed-use commercial properties in the downtown and mid-town districts.
With vacancies as low as 3% and rent increases approaching 20% in many areas, the multifamily investment market is on fire in the greater Sacramento region.
Our professionals have provided independent valuation and advisory services in the market since 1990, serving all property types. Among our multifamily assignments: Oak Creek in Citrus Heights, Lake Point in Elk Grove and Park Ridge in Rohnert Park.
San Francisco Bay Area
The San Francisco Bay Area region continues to outpace California and the U.S. in job growth.
On a GDP basis, the Bay Area is the 21st largest economy in the world. Outside of NYC, the region has the most Fortune 500 companies (30). Technology and venture capital are at the core of the engine.
As of Q3 2014, the Silicon Valley R&D market had absorbed 8.3 million sf in new leases; the office sector, 7.4 million sf. Investment properties are in demand, with prime sites notching cap rates in the 4.0-5.5% range.
Valbridge continues to watch for shifts in values. Any slowdown in the near term likely would be driven by extreme pricing versus a shift in the market.
Valbridge Property Advisors’ history in the Puget Sound region dates back to 1983.
We serve a wide variety of public and private-sector clients, providing all manner of valuation and advisory services including litigation support.
Recent assignments include working with the regional light rail agency to acquire property and easements for new mass transit infrastructure, appraising the 40-mile Eastside Rail Corridor for the local port in its acquisition of land from BNSF, and valuing a conservation easement for an 85,000-acre forest intended for preservation.
The Tampa Bay area is a vibrant market with diverse physical and economic characteristics. Valbridge has deep roots in the region, with the experience and local knowledge to tackle the challenges of valuation issues specific to the area.
We provide valuation and consulting services for all commercial property types as well as specialized properties such as subdivisions, golf courses, marinas, mixed-use, hotel/lodging, and luxury and resort condominiums.
Regional clients also seek our expertise in eminent domain, commercial litigation, estates, REO assets, wetlands, partial interests, corridor studies, cost estimates, insurable value and appraisal review.
NEWS & VIEWS
Industrial Strength: Valbridge Pros Know Manufacturing, Distribution Facilities24 April 2015
From the port cities on the East, West and Gulf Coasts to inland gateways such as Kansas City, Dallas and Atlanta, the industrial property sector is reinventing itself to meet domestic and offshore demand and support the modern-day supply chain.
Valbridge professionals every day appraise and analyze manufacturing, distribution, logistics and R&D properties. Valbridge service is industrial strength.
The last Mrs. Smith's apple pie you enjoyed or the Pella windows in your home may have been made in a building appraised by Valbridge.READ MORE
Seeing Green: Valbridge Analyzes Energy Costs, Impacts on Building Value15 April 2015
Facilities that are more energy efficient have the potential to produce lower operating costs, with more savings or net income at the end of the day. Valbridge can analyze the financial impacts of building energy performance across different property types.
The Appraisal Institute and the Institute for Market Transformation prepared a report, “Recognition of Energy Costs and Energy Performance in Real Property Valuation.”
The report provides insight on how appraisers can evaluate building characteristics, including improvement costs and income and expenses, in addition to property comps and market information, to value so-called green features and green buildings.READ MORE
About Valbridge Property Advisors
Valbridge Property Advisors, based in Naples, Fla., is one of the largest commercial property valuation and advisory services firms in the U.S., with 180 MAI-designated appraisers, 67 office locations and more than 650 staff across the nation. Valbridge provides independent appraisal services consistent with the highest industry standards of practice. Each Valbridge office is led by an appraiser who holds the MAI designation of the Appraisal Institute.
Valbridge is expanding in the U.S. and internationally. Real estate valuation services firms interested in participation opportunities should contact the company.
ON THE ROAD
Meet Valbridge on the road. Valbridge is proud to be participating in these national events as a sponsor:
May 17-20, 2015
CRE Finance Council Annual Conference
June 8-10, 2015
IRWA Education Conference
June 14-17, 2015