This author has yet to write their bio.Meanwhile lets just say that we are proud Shenehon Company contributed a whooping 126 entries.
By: Heather M. Burns Helfman v. Johnson – Minnesota Court of Appeals, A08-0396, February 24, 2009 Hennepin County District Court, File No. 27-CV-06-2578 The Minnesota Court of Appeals affirmed the trial court’s decision to apply a 24.6% discount to the undiscounted value of a closely held title insurance company in a fair value determination for […]
By: Wendy S. Cell In January 2008, Shenehon Company was part of a team offering expert testimony on behalf of SJC Properties, LLC, et al, concerning the special benefit conferred as a result of the 40th Street project in Rochester, Minnesota. The Olmsted County District Court found the evidence established that the city’s special assessment […]
Record levels of residential development occurred from 2000 to the peak of the market in roughly 2006. Financing was readily available and potential buyers, eager to take advantage of low interest rates and unusual mortgage terms, flooded the market. This rapid increase in demand for new homes created a development boom. By 2008, as financing […]
Appraising investment properties which are incomplete is complicated in the best of times. Developing a reliable valuation in the current economic downturn requires attention to detail and methodology. Shenehon Company has provided fair market values of partially completed residential, industrial, office and retail projects in various stages of development ranging from footings-only-in-place to a nearly […]
By: John T. Schmick Investment real estate encompasses a broad range of real property types. Transactions often involve large properties bought and sold by institutional investors at the national level or in a national investment market. Participants include pension funds, investment advisers, insurance companies, and investment banks. In general, these are buyers and sellers that […]
By: Christopher J. Stockness Court File No. 27-CV-07-20490, Fourth Judicial District Court In the above matter, State of Minnesota vs. Union Pacific Railroad, et al., Shenehon Company aided Malkerson Gilliland Martin LLP in successfully obtaining a reasonable damage award for the property owner. The Commissioners’ findings, dated December 23, 2008 and filed on January 5, […]
Appraisers are frequently asked where “cap rates” are heading – another way of asking whether values are going up or down. The capitalization rate (cap rate) is the ratio of net operating income to property price. It determines the return on investments. Fluctuating cap rates have a significant impact on property values. The capitalization rate […]
The time-honored understanding of the purpose of a business is that it exists to maximize the wealth of its shareholders. Despite much agreement on this definition, there is relatively little agreement on how firms should go about maximizing this wealth. In fact, this is perhaps what makes business such a dynamic endeavor. This article focuses […]
The concept of “value” is paramount for the business and real estate communities. Vast sums of capital are committed based on opinions of value. Value is also a key component in litigation and taxation matters. When valuing real estate and businesses, the most commonly used standard of value is that of “market value”. There are […]
By: Christopher J. Stockness In the majority of condemnation cases, damages relate to the loss of value under a property’s highest and best use (HBU) – often the property’s current use. A knowledgeable appraiser can quantify this loss by performing a before and after valuation using the three standard approaches to value. However, what happens […]