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Valbridge Attended the 2019 CREW Network Convention and Marketplace

Valbridge Property Advisors recently attended the annual CREW Network Convention and Marketplace in Orlando, Florida, in late September. This conference is the industry’s premier business networking event, bringing together more than 1,200 commercial real estate leaders for deal making, business networking, industry education, and leadership development.

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Deep in the Heart: Whataburger's Long History of Success and Brand Identity

They say everything’s bigger in Texas, and that seems to include the brand loyalty to Texas-born products. If you are a Texan, or you know Texans, you have probably heard them extoll the incomparable virtues of Whataburger. Texans not only prefer Whataburger to other fast food options, they are willing to go down, Alamo-style, defending it. As one Vice News columnist writes, “They will pry my Honey Butter Chicken Biscuit from my cold, dead hands.”

By: Michele Wood

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Valbridge Office Spotlight: South Louisiana

Valbridge Property Advisors | South Louisiana proudly serves the state of Louisiana. In addition to having a strong regional footprint, our office has access to data and expertise on a national scale as a part of the largest appraisal firm in the United States. This is just one of the many aspects that sets Valbridge Property Advisors apart from other appraisal firms.

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Valbridge Employee Profile

I am a graduate of Christian Brothers University with a major in Business Administration (Finance concentration). I started working with Valbridge in March of 2014 as an analyst. I received the MAI designation this past August. I am a member of the Tennessee Chapter of the Appraisal Institute, Memphis Chapter of the Urban Land Institute, and a board member of the Memphis Area Risk Management Association. I am the past treasurer of the Memphis Chapter of the Appraisal Institute. I have been married for two years to my wife Carly and we have two dogs, Knox and Maxi.

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CRE Outlook on Modular Construction

Modular construction is taking the commercial real estate world by storm. Valbridge shares what you need to know about the modularization of CRE.

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Valbridge Office Spotlight: Baltimore Washington Metro

Valbridge Property Advisors | Baltimore Washington Metro proudly serves the Baltimore and Washington DC Metropolitan areas, including northern Virginia, all of Maryland, and coastal Delaware from its office in central Maryland. While we have a strong regional footprint, we are able to tap the national resources of Valbridge Property Advisors, the largest appraisal firm in North America. This partnership sets us apart from many other appraisal firms.

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Valbridge Employee Profile

My title is Senior Managing Director. I currently run the day-to-day operations of the Tampa market while also managing all gas station/convenience store and restaurant assignments for our larger partnership group in Florida. I also participate in the management of our staff and three other office locations in Florida.

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WeWorry: The Co-Working Giant Isn't Tech, It's Hospitality

By: Michele Wood

In August, co-working giant WeWork, now known as “The We Company,” or just “We” for short, released its S1 document in advance of its highly anticipated IPO. Claiming a $47bn private valuation, the company soon met with investor scrutiny, reduced its targeted valuation to $20bn, and then again last week to $15bn. As Bloomberg reported, the reaction wasn’t “quite the celebration the office-rental unicorn once foresaw.”

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Drones and Scope of Work

By:   Lamar H. Ellis, III, MAI, SRA, FAA Certified Remote Pilot, and an AI Instructor

Jeffrey T. Miller, MAI, AI-GRS, CCIM, ASA, and an AQB Certified USPAP Instructor

Drones enhance an appraiser’s ability to inspect a property. Not only can an aerial drone show more of the property, it is also relatively inexpensive to use and can contribute to a safer working environment. Aerial drones provide easy access and viewing perspectives that are impossible to replicate from ground-based shots. Aerial inspections of a property using a drone have real practical applications in the valuation of real estate and need to be addressed in the scope of work.  

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Growth in Industrial Real Estate

With an accelerated push from the booming e-commerce market, the demand for industrial real estate only continues to grow.

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All About Investing in Multi-Family Properties

Interested in investing in a multi-family property? From the ins-and-outs to the advantages, here’s what you need to know.

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Ending the Tug-of-War: Negotiation Strategies for the Modern Age

By: Michele Wood

Negotiating is a critical skill we all need in order to create and maintain relationships in both our personal and professional lives. Unfortunately, very few of us get specific training in negotiation tactics and methods. For women especially, a lack of confidence in negotiation skills can create undue anxiety. When selecting metaphors for engaging in a negotiation, men often pick “winning a ballgame” while many women choose “going to the dentist.” Not only does this cause stress, but dreading the process can make women less effective, inhibiting creative solutions. This has very real and costly consequences for women, especially in the workplace. Research shows that 20 percent of women never negotiate their salaries. This leads to an average of $7,000 left on the table in the first year after college graduation, and adds up to between $650,000 and $1,000,000 over the course of a 45-year career.

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Valbridge Office Spotlight: Spokane

Valbridge Property Advisors | Spokane proudly serves the Inland Pacific Northwest (Eastern and Central Washington, Northern Idaho, and Montana) from offices in Spokane, WA, Coeur d’Alene, ID and Kennewick/Tri-Cities, WA. We have appraisers licensed in Washington, Idaho, Oregon and Montana. As our penetration into Montana expands, opening a fourth office becomes more likely.

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Health & Wellness with the Valbridge Women's Council

Valbridge Women’s Council is taking strides to provide a workplace culture of fitness, fun, and wellbeing.

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Valbridge Employee Profile

Scott Robinson, MAI, SRA, AI-GRS, AI-RRS of Salisbury, North Carolina has been engaged in real property appraisal and consulting since 1986, when he joined Robinson Associates, a Salisbury firm his father John started in the mid-1960s. Scott’s professional appraisal background includes residential, commercial/industrial, agricultural, and other real property valuation, consultation, litigation support, and review appraisal.

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Valbridge Women's Council Member Spotlight

The first eight years of my professional career were in a managerial and paralegal role working for two of the major national real estate franchising entities before leaving the corporate world to enter the appraisal field.

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The Kids in the Hall: Food Halls Are In, Food Courts are Out

By: Michele Wood

Imagine your favorite food trucks all coming together, parked permanently in a newly refurbished historic building, offering all the tasty, original, and independent food you love, but now with plentiful seating in a climate-controlled space with clean restrooms and regular events. Oh yeah, and a great bar to boot. If you can imagine that, you’ve just imagined the latest dining-out trend: The Food Hall.

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Valbridge Office Spotlight: Charleston

Valbridge Property Advisors | Charleston proudly serves coastal South Carolina (Charleston, Myrtle Beach, and Hilton Head/Beaufort markets). Our team of appraisers provides independent property valuation and consulting services, including advising clients on real estate business and investment decisions such as buy-sell-hold and lease-own alternatives.  It is our goal to provide the best service to our clients by utilizing our knowledge and experience in real estate appraisals.

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Big Sale: Farm and Ranch Appraisals

There is an ongoing demand for appraisal of property falling under the agricultural umbrella. Whether it is a working farm or ranch or recreational property, here is what you need to know about the trends and perks of farm and ranch land and their associated appraisals.

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Hold the Cult Leaders, Not the Community

By: Michele Wood

Co-living is one of the prevalent buzzwords in commercial real estate this year. In a world where the sharing economy has disrupted the hotel and office sectors, it’s no surprise that the trend has moved into our homes. Co-living and its cousin co-housing are joining communes, condos and co-ops as distinct ways in which unrelated people live together. How are these trends impacting the housing market? To answer this question, we start with a brief history of how people live and live together.

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Valbridge Property Advisors Attends IRWA's 65th Annual Conference

Earlier this month, Valbridge had the privilege of attending the International Right of Way Association’s 65th annual International Education Conference in Portland, Oregon. There, Clint Bendele, Laird Goldsborough, Guido Villenueva, Jason Mushinski, Chris Lantz, and Karl Finkelstein of the VPA team mingled with industry professionals and colleagues from across the globe and shared the mission and services of our company. Side by side with professionals from entities like IRWA and the Appraisal Institute, Valbridge manned an exhibitor booth and had the ability to inform industry professionals about the work we do on a daily basis.

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A Guide to Keeping Up with the Growing Hospitality Sector

As the number of travelers – both domestic and international – continues to blossom, there’s no denying the impact of the growing hospitality industry. According to the World Travel & Tourism Council, hospitality as a whole is stronger than it’s ever been. Data suggests that in 2018 alone, global travel and tourism economy grew by 3.9 percent (up from 3.2 percent year-over-year), accounting for a whopping 7.8 percent of the world’s gross. U.S. arrivals and departures also grew by 32 and 24 percent each, respectively.

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Valbridge Office Spotlight: Alabama-Florida Panhandle

The Alabama-Florida Panhandle offices specialize in many property types and services within three primary divisions that include: Finance and Accounting, Right of Way / Litigation Support, and Natural Resources.  

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VPA Employee Profile

I am a graduate of Wabash College with a major in English and a minor in both French and Business. After college, I got into banking and spent 14 years with BMO Harris Bank and its affiliates, the last five of which were as a Retail Market President for Indianapolis North. After surviving several mergers and restructures, I got out of banking and joined Valbridge in December 2017.

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Valbridge Office Spotlight: Austin

This month we shine our office spotlight on our newest location in Austin, Texas.

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VPA Employee Profile

I started as an administrative assistant for The Gerald A. Teel Company, before the merge with Valbridge, in 2009. I earned my degree while working up to Lead Admin and eventually Director of Operations. In 2017, I officially became the Business Development Coordinator for National.

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How Real Estate Appraisers Achieve a Work/Life Balance

Women in the real estate appraisal industry are finding a happy work/life balance, partly thanks to Valbridge.

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Valbridge Office Spotlight: Las Vegas | Reno

This month’s office spotlight comes from the state of Nevada, featuring both our Valbridge | Las Vegas and Valbridge | Reno offices!

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The Street Art Revolution: No longer just paint on the wall

Cities are getting more colorful. As urban cores become revitalized and walkable, street art has become a notable presence on thousands of walls across the country. This is a progression from the crude forms of graffiti with which many of us are familiar as the new art is often on a grander scale and of a very sophisticated quality, incorporating large murals, mosaics and complicated stencil work.

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VPA Employee Profile

As the Director of Operations for Valbridge Property Advisors | Kansas City my focus is on continuing our firm’s success and growth by helping my co-workers be their best. My role is threefold: operations, marketing and culture. I wear many hats, but all of them have a common theme of service. At the most basic level, my primary responsibility is to take care of our team members and clients.

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Lands of OZ: The new Opportunity Zone impacts on commercial real estate

The Tax Cuts and Jobs Act of 2017 offers investors tax incentives for economic development and job creation in low-income areas. These incentives are manifest in the ability to defer recognizing recent capital gains for federal income tax purposes and potentially eliminate any federal capital gains tax liability generated from investments in an opportunity fund.

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Featured Article: NAIOP 2019 Real Estate Forecast

by Matt Baron, NAIOP Chicago Staff Writer 

This is a summary of the January 17, 2019, meeting of the Chicago chapter of NAIOP, the Commercial Real Estate Development Association.

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Commercial Real Estate Trends to Look For in 2019

Looking back on the past few months, it’s safe to say that a strong economy continued to fuel the United States’ commercial real estate market in 2018. And while the industry is expected to face a bit of pushback in the form of rising interest rates, tightening credit, and uncertainty concerning the geopolitical climate, many commercial real estate experts remain optimistic on the market as we head further into the New Year, particularly as the longer-term effects of tax reform come into focus.

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Environmental Due Diligence: The Basics

When it comes to making a commercial real estate transaction – a purchase, an investment, lease, etc. – there are a number of environmental liabilities concerning the commercial property in question that must be accounted for. In commercial real estate, environmental liabilities can be devastating, both financially and fundamentally. If you’re about to make a commercial property transaction, then environmental due diligence will be a key tool for managing risks and avoiding liabilities.

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Valbridge Women's Council Executive Spotlight: Big League Appraiser Blazed New Trail for Analysts

Yvonne Broszus was promoted last year from director to managing director of Valbridge Property Advisers in Northern California.  How did she rise through the ranks to become one of the most visible appraisers in Valbridge’s San Jose office?  Grit and a loving partnership with her husband, Ben, are at the heart of her success.

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Valbridge Property Advisors: The Heckerling Institute on Estate Planning Recap

Earlier this month Valbridge participated in the 53rd Annual Heckerling Institute on Estate Planning – our fifth year in a row as a Gold Sponsor. Heckerling is weeklong educational conference for all members of the estate planning team, including attorneys, trust officers, accountants, charitable giving professionals, insurance advisors, elder law specialists, wealth management professionals, educators and nonprofit advisors.

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Valbridge Office Spotlight: Insight Realty Advisors + VPA | Minneapolis-St. Paul

Valbridge Property Advisors would like to welcome Insight Realty Advisors as they acquired the Valbridge | Minneapolis-St. Paul office.

Meet the team: Tony Lesicka, MAI, Rick Nordquist, MAI, Josh Folland, MAI, CCIM, and Nathan Hansen

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Tax Reform Solutions for Commercial Building Owners

With tax season already right upon us, it’s time to start reviewing the processes and what your business should expect if you are extending for 2018 and looking ahead to the 2019 tax season.

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Mutual Mortgage Insurance Fraud

Following up on HUD’s release of the annual MMIF (mortgage insurance fraud) report, we’re breaking down what you need to know about Mutual Mortgage Insurance Fraud and steering clear of it.

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Gaining a Competitive Advantage with CRE Industry Trends

It goes without saying that understanding the conditions of the commercial real estate industry are paramount for success in this industry. In fact, up-to-date CRE circumstances can often give light to the foundation of the entire state of the economy.

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