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Valbridge Employee Spotlight

I have been a commercial appraiser since 1999 and earned my MAI designation in 2012. I am the Managing Director in our Phoenix, Tucson offices. I am in integral member of a team of professional real estate problem solvers. Our firm was one of the founding members and it has been fascinating to watch the Valbridge organization grow, adjust, and thrive from the ground up.

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Valbridge Property Advisors Fireside Chat with Josh Wood


Check out the latest Fireside Chat with Joshua Wood, MAI, JD, AI-GRS, Valbridge Property Advisors | Houston, as he discusses data science, what it is, and how Valbridge leverages the information available through the Valbridge database to support the appraisal process, harnessing technology to provide a superior product to our clients. Wood explains how trying to use data science in the appraisal process without having the Valbridge database would be virtually impossible.

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Bearish Investors Get Schooled: The Surprising Performance of Student Housing in the COVID Era

Like many parents this fall, my husband and I packed up our car and drove our 18-year old daughter 1,225 miles to move her in for her freshman year of college. Like most universities and colleges, my daughter’s campus was open, though most classes had moved to online or hybrid formats to try and limit exposure to the virus. After a tearful goodbye, we left her there to start her new life as a college student. What we didn’t expect after that day in early August was that by September 1st she and nearly all the other students housed by the University on campus would be told that all classes were now exclusively online and they were shutting down the dorms.

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Critical Power Supply is the Determining Factor in Data Center Valuation

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Valbridge Employee Spotlight

I was born and raised in Knoxville, Tennessee, and while I did venture away for some time, I have returned and have been in business here for the last 30 years. In the realm of real estate, I have invested in and developed several interesting projects to include some of reasonable significance.

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Valbridge Women's Council Member Spotlight

I began with one of the biggest appraisal firms in Connecticut, Italia & Lemp in 2001. I was still with the company when Valbridge Property Advisors was born.  After obtaining my MAI designation in 2014, I remained a Senior Appraiser until 2016, at which time I became a Managing Director. In early June 2020, I celebrated my 19-year anniversary with the same company!

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"It Depends": Hotel Valuation in a COVID-19 World

The word “hospitality” comes from the Latin hospes, meaning "host", "guest", or "stranger.” The Latin word 'Hospital' means a guest-chamber, guest's lodging, or an inn. Hospes/hostis is thus the root for the English words host, hospitality, hospice, hostel and hotel. In 2020, just as hospitals are filling up, hotels have all but emptied out. How is the pandemic affecting hotel property values, and what can we expect in the sector over the coming months and years?

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Valbridge Property Advisors Fireside Chat with Anthony Mulé and Gary DeClark


In our Valbridge Property Advisors’ Fireside Chats video series, our team of experts give an update on our operations and ongoing efforts during the current COVID-19 crisis. Watch our 10th video chat with Karl Finkelstein, MAI, VP Marketing and Business Development for Valbridge Property Advisors, as he talks with Anthony Mulé and Gary DeClark, Valbridge Property Advisors | Chicago.

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Valbridge Property Advisors Office Spotlight | Chicago

The team of appraisers at Valbridge Property Advisors | Chicago, led by Gary DeClark, MAI, CRE, FRICS, R/W-AC and Anthony Mulé, MAI, provides high quality independent property valuation and consulting services, including advising clients on real estate business and investment decisions as well as providing litigation support services, including expert witness testimony. Each member of the firm brings a diverse real estate background, including appraisal, brokerage, investment, ownership, financing and development, that allows us to better serve our clients with a multi-dimensional view of the industry. In today’s highly scrutinized regulatory environment, our independence — including from real estate brokerage firms — makes your life simpler and provides a better result. Our clients benefit from the collective strength of Valbridge Property Advisors, the largest independent commercial real estate appraisal firm in the U.S

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VPA Market Update April 2020


Financial markets are seeing dramatic impacts due to the novel coronavirus pandemic, and while the pandemic continues to be fought, no metric will be reliable to predict with certainty what value impacts will be. However, using trusted analytics resources we can better understand the ways in which past economic shocks have progressed which will help us better assess true risk associated with a particular CRE asset.

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The Louisiana Hospitality Market and the Impacts of the COVID-19 Pandemic

By Arthur Schwertz, Senior Managing Director of Valbridge Property Advisors | South Louisiana

As the COVID-19 pandemic enters its fifth month, the effects on the Louisiana Hospitality Market can finally start to be measured and their impacts are staggering.  The Louisiana Hospitality Market (hotels, restaurants, arts/entertainment and recreation) accounted for 242,700 jobs in Louisiana[i] as of January 2020 according to the Louisiana Workforce Commission.  This represents 12.2% of all jobs in Louisiana, or simply put, 3 out of every 25 people in Louisiana’s work force are employed directly in the Hospitality market. 

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Valbridge Employee Spotlight

I was born and raised in Eureka, California, among historic Victorian architecture, the Giant Redwoods of Humboldt County, and the incredible Pacific Ocean. Growing up I hunted birds in the forests and dove for abalone off the foggy cliffs in Northern California. From hippies in the rivers to loggers on the mountains, I’ve seen it all! After high school, I spent two years at College of the Redwoods, then moved to study at the California Polytechnic State Institute in San Luis Obispo.

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Valbridge Property Advisors Fireside Chat with Larry Colorito


In our Valbridge Property Advisors' Fireside Chats video series, our team of experts give an update on our operations and ongoing efforts during the current COVID-19 crisis. Watch our fifth video chat with Karl Finkelstein, MAI, VP Marketing and Business Development for Valbridge Property Advisors, as he talks with Larry Colorito, MAI, Senior Managing Director for Valbridge Property Advisors | Virginia.

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Big Tax Increases Coming? Gifting Window Closing

The federal deficit more than tripled in the first 10 months of the fiscal year. Federal spending has soared after Congress approved trillions in economic relief. Someone has to pay for it all. Many of Valbridge’s clients are looking closely at gifting by year-end.

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Valbridge Property Advisors Guest Speaker Series with RCLCO's Brad Hunter


Valbridge Property Advisors Guest Speaker Series with RCLCO’s Brad Hunter

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Valbridge Property Advisors Fireside Chat with Anthony Mulé and Gary DeClark


In our Valbridge Property Advisors’ Fireside Chats video series, our team of experts give an update on our operations and ongoing efforts during the current COVID-19 crisis. Watch our eighth video chat with Karl Finkelstein, MAI, VP Marketing and Business Development for Valbridge Property Advisors, as he talks with Anthony Mulé and Gary DeClark, Valbridge Property Advisors | Chicago.

 

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Survival Mode: The Impossible Logistics of Back to School in the COVID Era

“It is a nightmare. I can’t do my job at all. I have three kids in three schools and one of them is only 6. It is a nightmare. It changes daily and I expect it to continue to do so. So we can’t even plan or count on any consistency. It’s hard to express how badly I am drowning and how badly my mental and physical and professional health are suffering.”

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Data from a Plague Year: How Studies of the Spanish Flu Can Help Us See the Post-COVID-19 Future

If you have read the word “unprecedented” an unprecedented number of times in the last few weeks, you are not alone. These are uncharted waters for everyone and across the globe we are all attempting to grasp the magnitude and the implications of what is happening. One way to make sense of new situations is to look at prior events to find patterns. One event that seems especially relevant right now is the Spanish Flu pandemic of 1918.

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Valbridge Property Advisors Office Spotlight | Northern California

Valbridge Property Advisors | Northern California  serves the San Francisco Bay Area, Central Valley, Central Coast, and northernmost regions of the state, covering a total of 48 counties. Since 1976, our team has provided appraisal and consulting services in lending, buy-sell decisions, merger and acquisition, estate planning, litigation support, leasing, and project feasibility.

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Valbridge Property Advisors Fireside Chat with Michele Wood


In our Valbridge Property Advisors' Fireside Chats video series, our team of experts give an update on our operations and ongoing efforts during the current COVID-19 crisis. Watch our fourth video chat with Karl Finkelstein, MAI, VP Marketing and Business Development for Valbridge Property Advisors, as he talks again with Michele Wood, Director of Research for Valbridge Property Advisors | Houston.

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Valbridge Employee Spotlight

I am originally from the NY/NJ area, I’ve been in Virginia for 30 years. I have a wife, Beth; and son: Matthew, who works for me; and a daughter, Cassie. I have a BS Finance from Penn State & an MS Real Estate & Construction Management from University of Denver. I’ve been appraising since 1988. Only career I’ve ever had. I appraise all type of real estate; mostly for mortgage and litigation. I’m also an instructor at Old Dominion University where I teach the Real Estate Valuation class & Chair of the ODU EV Williams Center for Real Estate.

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Valbridge Women's Council Member Spotlight

Valbridge Women's Council Member, Beth Schaffner, is with our Valbridge Property Advisors | Indiana | St. Louis office. Beth serves as the Operations Manager and has managed projects from large mixed-used developments to office spaces and retail developments. Beth handles data collection, scheduling of property inspections, communication with clients, and more.

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Valbridge Property Advisors Fireside Chat with Michele Wood


In our Valbridge Property Advisors' Fireside Chats video series, our team of experts give an update on our operations and ongoing efforts during the current COVID-19 crisis. Watch our third video chat featuring Karl Finkelstein, MAI, VP Marketing and Business Development for Valbridge Property Advisors and Michele Wood, Research Extraordinaire for Valbridge Property Advisors | Houston. 

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"Cancel Rent" is Catchy, but Complicated

All economic landscapes are in flux right now; commercial real estate is no exception. Income properties face unique challenges as tenants are unable to make rent payments, threatening solvency and overall market stability.

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Valbridge Property Advisors Fireside Chat with Michele Wood


In our Valbridge Property Advisors’ Fireside Chats video series, our team of experts give an update on our operations and ongoing efforts during the current COVID-19 crisis. Watch our seventh video chat with Karl Finkelstein, MAI, VP Marketing and Business Development for Valbridge Property Advisors, as he talks again with Michele Wood, Director of Research for Valbridge Property Advisors | Houston.

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AI and Machine Learning: Enhancing CRE Technology

A large focus of the commercial real estate market has turned to technology that can help better serve appraisers, landlords, owners and customers/tenants. It might be a bit of a stretch to think Google Home or Amazon's Alexa will be providing CRE insights anytime soon, but these days, more commercial real estate investors are utilizing artificial intelligence and machine learning to help produce forecasts and valuable insights on property performance, long-term tenant behaviors, and project development.

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Valbridge Property Advisors Fireside Chat with John Penner


In our Valbridge Property Advisors' Fireside Chats video series, our team of experts give an update on our operations and ongoing efforts during the current COVID-19 crisis. Watch our sixth video chat with Karl Finkelstein, MAI, VP Marketing and Business Development for Valbridge Property Advisors, as he talks with John Penner, National Director of Interest Valuation for Valbridge Property Advisors.

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Valbridge Specialty Practice Spotlight: Multi-Family Housing

It’s no secret there are more people now than ever who are living in multi-family residences. From traditional urban core developments to suburban student housing to rural tax credit deals, there are a multitude of dwelling solutions and types of financing in the marketplace. Valbridge has seen them all.

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Karl Finkelstein on Using Tech and History to Overcome Current Hurdles to Appraisals

As with many aspects of commercial real estate, the COVID-19 pandemic and the imposition of stay-at-home orders presented considerable hurdles to conducting appraisals. After all, much of an appraiser’s evaluation is based on first-hand, onsite observation. However, for CRE professionals surmounting hurdles is all in a day’s work, and the team at Valbridge Property Advisors found ways to get the job done. Here, senior managing director Karl P. Finkelstein shares insights into the challenges and solutions faced in conducting appraisals in the current environment.

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Old Words for a New World

There is no shortage of content these days. News stories in print, video, tweets and memes flood every possible media platform. Most contain thousands of words, and many, in these days of nearly singular focus, contain the same words over and over. It got me wondering — what do these words really mean? When I looked into it, what I found was a fascinating connection to the past and an oddly comforting assurance that what we are living through, though new to most of us (shout out to the 1918 Spanish Flu Epidemic survivors out there), was in fact, not new at all.

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How Millennials Will Continue to Impact Real Estate in 2020 and Beyond

Millennials – commonly cited as those born in the 1980s and 1990s – have been a hot topic for the past decade across many industries, in part because they have become the largest U.S. generation in terms of population, the leading generation in the workforce, and make up almost all of the key 18- to 35-year-old advertising demographic.

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Valbridge Office Spotlight: St. Louis

We are proud to announce Valbridge Property Advisors | Indiana is expanding our territory and has opened an office in St. Louis, Missouri starting the beginning of this year. Valbridge’s desire to have national coverage with local expertise led us to an opportunity to expand our national coverage to include another major MSA in the US.

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Working Mothers in Lockdown: COVID-19 Threatens More than Our Physical Health

A friend called the other day to get a plumber recommendation. She is married, the mother of two children ages 10 and 7, a full-time teacher at my daughter’s high school, and a department chair. About six weeks before the pandemic lockdowns had started, her husband had moved across the country ahead of his family to take a dream position in healthcare. The plan was for her and the kids to finish the school year and follow in the summer. Now in lockdown, she is the sole parent and caretaker of her two special-needs young children, moved all of her own classes to online, is overseeing the entire social studies staff of a 4,000 student high school and trying valiantly to sell a home in the middle of what might be the worst possible time to do that — especially here in Houston as the oil industry has collapsed and sent thousands of white collar workers to the unemployment line.

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Valbridge Property Advisors Fireside Chat with Arthur Schwertz


In the latest Valbridge Property Advisors Fireside Chat, Arthur Schwertz, MAI, Senior Managing Director, Valbridge Property Advisors | South Louisiana, talks with Karl Finkelstein about the comparisons of appraising after Katrina vs. appraising in current market conditions during COVID-19. Arthur emphasizes the importance of having an expert appraiser in times like these, who understands historic market trends and can make informed predictions on what’s to come.

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2020's Top Commercial Real Estate Trends

The U.S. commercial real estate landscape is evolving. Our economy is experiencing its longest-running expansion in history, and that streak is lending greatly to a predicted path of steady growth for the CRE industry for 2020. Echoing that forecast, the Urban Land Institute and PwC’s recently released Emerging Trends in Real Estate 2020 report – findings via 750 individuals and 1,500 survey respondents – paints a picture of long-term economic growth that would be sustainable but slower as we head into the future.

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Fireside Chat with Karl Finkelstein


In our Valbridge Property Advisors' Fireside Chats video series, our team of experts give an update on our operations and ongoing efforts during the current COVID-19 crisis. Watch our second video chat featuring Karl Finkelstein, MAI, VP Marketing and Business Development for Valbridge Property Advisors.

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Coronavirus: The Year of the Rat Brings Plague to People and Markets

In 2003, SARS, or “Severe Acute Respiratory Syndrome,” wreaked havoc in Asia and around the world, sickening 8,000 and killing 774. In its wake, it also cost the global economy around $40 billion. At the time, China suffered greatly, but soon recovered with almost no long term negative economic effects.

By: Michele Wood

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The Essential Role of IoT in Commercial Real Estate

The Internet of Things (also known as the IoT) is getting increasingly popular across all industries and disciplines. One of such industries is commercial real estate. But before we dive into IoT’s role and potential in CRE, it’s important that you understand how IoT functions in general and in different use cases. Let’s take a look.

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Clicks or Bricks? Retail Businesses Aren't Just Choosing One

In 2020, it is rare for a brick and mortar business not to have an online presence. It is important to supplement their storefront with dedicated online platforms, including a web-based marketplace, social media profiles, an email presence, and the like. This is the concept behind “clicks and bricks”.

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Valbridge Employee Spotlight

I’m from Northeast Pennsylvania and after high school attended American University in Washington, D.C., graduating with a Bachelor of Arts Degree in Anthropology. After college, I stayed in the D.C. area for the next 12+ years and settled into metropolitan living. That is where I began my professional career, made lifelong friendships, and met my husband. Shortly after our son was born, we decided to get out of the daily grind and move back to Pennsylvania.  After the next five years of dealing with the bitter cold and dreary winters, as well as pot holes the size of craters, we decided to move to Naples, Florida in 2011.

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Fireside Chat with Laird Goldsborough and Karl Finkelstein


In Valbridge Property Advisors’ new Fireside Chats video series, our team of experts weighs in on the impact of COVID-19, providing CRE insights and market predictions. Watch our first chat, featuring Karl Finkelstein, MAI, VP Marketing and Business Development for Valbridge Property Advisors, and Laird Goldsborough, MAI, MRE, Senior Managing Director of Valbridge Property Advisors | Kansas City.

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Valbridge Employee Spotlight

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The True, the Bad, and the Ugly: Where we are in the Pandemic and what it's doing to Commercial Real Estate

The word “panic” has its root in the name of the Greek God Pan. Pan was a party god, drinking, chasing nymphs, and playing his eponymous pipe flute.  But like all who overindulge, Pan liked his afternoon naps, and if an unlucky soul happened upon him during one of his respites and disturbed his sleep, he would utter a spine-chilling shriek which induced a reaction of panikon deima, now shortened in English to “panic.” In the last few weeks, a viral plague has inadvertently disrupted the calm in our good times rest, and we are now hearing the panic cry. 

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Valbridge Employee Spotlight

I have served in numerous real estate roles from fee appraising; banking as a Chief Appraiser; right of way and corporate real estate with a utility company; and general consulting.

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Karl Finkelstein on Valuations in an Unprecedented Time

With the COVID-19 pandemic and resulting state-ordered lockdowns creating an operating environment like none other in living memory, real estate professionals find themselves navigating unfamiliar territory without benefit of a map. A case in point is valuation, especially in terms of determining future values: what formula can you employ when the near-term economic outlook comes with so many unknowns? Karl P. Finkelstein, senior managing director at Valbridge Property Advisors, describes the methods his firm is using to address that question.

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Valbridge Office Spotlight: Dallas

Valbridge Property Advisors | Dallas serves a large area of North and Northeast Texas.  The Dallas team of appraisers and consultants provide independent property valuation and consulting services of all property types.  Our services are for lending, development, litigation, estate planning, fractional interest valuation, assessment appeals, corporate acquisitions, and other intended uses.  We have significant experience in multi-family appraisal including a wide range of affordable housing programs.

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Valbridge Women's Coucil Member Spotlight

My professional career began in the Oil & Gas Industry in 2007 as an Independent Petroleum Landman.  I successfully researched and negotiated thousands of oil & gas leases, amendments, land use permits, and agreements before transitioning out of that field into my current role with Valbridge in 2016.

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Evolving Tech Trends in CRE

Tech advancements continue to shake up every industry; and commercial real estate is no exception. Sure, adopting new tech can be intimidating, and navigating the means for effectively and profitably implementing tech in CRE isn't always the easiest process; but there's no doubt that tech innovations will continue advancing, so embracing them is more or less imperative for the health and longevity of your CRE business.

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The Importance of Women in Commercial Real Estate

Strong women excelling in commercial real estate is more important than ever. It has always been important, of course, but more women getting involved in the appraisal process is starting to get the recognition it deserves. Valuation magazine recently announced the launch of The Appraisal Institute Women’s Initiative Committee, and it’s an example that Valbridge is proud to stand behind.

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