This author has yet to write their bio.Meanwhile lets just say that we are proud Shenehon Company contributed a whooping 126 entries.
By Timothy A. Rye, Appraiser Three recent tax appeal cases illustrate that comprehensive research and attention to detail are key components of credibility in the Tax Court. The burden of proof weighs heavily on the appraiser; indeed, it may make or break a case. To prevail in court, the appraiser must submit evidence that the […]
Shenehon Company is pleased to announce an upcoming article by John Schmick and Robert Strachota in the July/August 2010 issue of International Right of Way Association Magazine regarding compensation for Overhead Utility Crossings. The extensive infrastructure of utility pipelines and power lines in the United States ultimately creates situations where utility lines cross active railroad […]
By: Wendy S. Cell In December 2009 Shenehon Company provided expert testimony on behalf of the city of Minneapolis (defendant) regarding the viability of a 21-story condominium project near Loring Park. The city council denied plaintiff’s application for two conditional use permits, two variances, and a site plan review for height, setback, and capacity. Plaintiff […]
Shenehon Company is pleased to announce that the International Right of Way Association will publish an article by John T. Schmick in the May/June 2010 issue of Right of Way. John reviews what happens to value when the principle of Consistent Use is applied incorrectly. The basic concept is that land and improvements must be […]
By: Robert J. Strachota Selecting an ownership structure that fits your business needs and goals requires thoughtful consideration and professional know-how. There are advantages and disadvantages to each type of entity, and one size does not fit all. Before you settle on a partnership structure, discuss the estate tax ramifications with your planner. Keep in […]
In general, one may associate adverse market conditions with high vacancy rates, declining rental rates, and tenant-friendly incentives. Landlords are offering prospective tenants free rent, increased tenant improvements, and at times, moving allowances. Despite an abundance of tenant perks, why do some leases, especially renewal leases, remain at previous market levels or actually increase? In […]
By: Kate A. Ostlund The single family home market has shown signs of improvement in the past several months and may be on its way to recovery from the economic slump. Historically, the luxury home market moves at a slower pace than the general single family market. It has seen prices decrease and sales slow […]
By: Joshua Johnson Anderson v. Anderson – Minnesota Court of Appeals, A08-1365, October 10, 2009 Hennepin County District Court, File Number 27-FA-292333, November 20, 2007 In Anderson v. Anderson, (a marriage dissolution), the key issues were the extent of the Respondent’s, (Kurt Anderson) ownership interests in two privately-held companies and the value of his interests […]
Bob Strachota has been elected Chair of the Institute of Business Appraisers (IBA) Board of Governors. As Chair of the Board of Governors, Bob Strachota will be responsible for participating in strategic planning, overseeing Board of Governor meetings and activities, and other Boards and Committees. IBA is very pleased that Bob has offered his strong […]
Comparable data for private companies has changed dramatically over the last eight to ten years. In light of current economic conditions, the valuation professional must be aware of these changes and carefully consider the reliability of sales multiples and transaction data. Following is a short history of what has transpired from the private company perspective […]