Welcome to Tim's Blog
What to take out... what to leave in... what to simply repair to original functionality?
The word is out that a new development is slated for that hard corner on Main Street at the highway... it just sold for nearly double what it was assessed for! What happened?
Dixie Phair, Commercial Real Property Analyst for the Any Municipality County Assessor, was asked about the confusing process of allowing fees & licenses as expenses against income.
My first real job was as a licensed broker at a real estate firm that sold both residential and commercial property.
That there would be a Part 3 to this site selection tale of woe seemed inevitable, and regrettably it has come to pass.
It was a home before the highway became more heavily traveled and a couple of extra lanes were added.
In China, Germany, and Japan, automated parking structures have been engineered and constructed for a few years.
Many of us have seen more than one commercial real estate market cycle from boom to bust and back again, but many have not.
Background: Lodging, Inc. is appealing the assessment of a downtown hotel which has no onsite parking.
No need to save the date… the wedding has already happened!
Don’t worry about the A malls, or even the C malls, because their futures are pretty certain.
So what the heck is happening in the daycare industry, with sale prices sometimes far exceeding cost to replace?
An Assessment Professional recently posed a question on this topic: When is lost income from non-rented apartment units a valid charge as an expense, and when is it not?
Unless you are driven by necessity to only consider price, why do you pick one hotel over others in the same market? Location is usually the first reason on the list.
Following is a laundry list of valuation complications presented to Dixie Phair by some Any Municipality County officials.
The term plottage refers to the incremental value above the sum of individual values of parcels brought about by their combination.
A couple of comps and you’re golden.
As a commercial real estate broker in the year 2000, I was involved in the sale of a 400,000+ SF midwestern warehouse.
The guy across the hearing table appears increasingly agitated about his assessed value.
The (daylight active) eagle famously has extraordinary eyesight, with four times the sharpness of humans.
Much is now hyped in the real estate press about the renewed life of retail bricks and mortar.
Today’s assignment for Commercial Real Property Analyst Dixie Phair is an apartment property.
Never at a loss for relating almost anything to income-based analysis for real property, I find a ready analogy in the renovation of an older car.
Recent history tells us that real property values almost never stand still.
Except for some industrial property types such as manufacturing, it usually pays to develop to reasonably current design standards
Dixie Phair knows that few enjoy confrontation or disagreement, and most will strive to avoid it.
One of the biggest trends in office space marketing is the co-working or shared space concept, offering a flexible menu of space and services in an established office environment.
As someone who has been involved in many appeal hearings, I’ve witnessed firsthand how much valuable time is lost because of timing.